CITY HOLDING AS • 952848909 • Oslo • Financial service activities, except insurance and pension funding

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Banking and insurance

/ Financial fund

/ 64.308 Captive investment companies

CITY HOLDING AS

Keywords

placementsecurities

Organization

CEO: MA
Morten Alois Lager1960
Chairman of the board: MA
Morten Alois Lager1960
Years since formation: 30 years; since Feb 19, 1995
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 50; 1 share class
Total number of shareholders: 1; person
Belongs to group of

Financials

Total operating income 2024: 308,760; NOK
Annual total result 2024: -1,523,349; NOK
Total equity 2024: 59,667,966; NOK

Last update: Jul 1, 2025

Management

Management / administration

Name	Role	Shares
MA Morten Alois Lager 1960	Managing Director/CEO	100 % directly

Board

Name	Role	Shares
MA Morten Alois Lager 1960	Chairman	100 % directly

Others

Name	Role	Shares
I INSIGNIS AS	Auditor	-
M MGI REGNSKAP AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
MA Morten Alois Lager 1960	Managing Director/CEO, Chairman	100 % directly

Last update: Nov 16, 2023

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
MA Morten Alois Lager 1960	Ordinary shares	50	100 %

Shares owned by the CITY HOLDING AS

Name	Share class	Total number of shares	Share
M M-LAGER INVEST AS	Ordinary shares	185	100 %
S SPORTSKAMERATENE AS	Class B shares	450	45 %

Last update: Jun 2, 2025

Group structure

CITY HOLDING AS
Total operating income 2024: NOK 308,760
Operating profit 2024: NOK -267,061
Employees: 0

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	308,760	0	1,368,290	36,500
Annual Total Result	-1,523,349	137,382	865,493	-303,606
Total assets	155,724,256	71,817,606	72,628,847	78,213,682
Total liabilities	96,056,289	626,290	1,574,913	8,025,242
Total equity	59,667,966	71,191,316	71,053,934	70,188,441

P&L

Year	2024	2023	2022	2021
Total operating income	308,760	0	1,368,290	36,500
Total operating costs	575,821	83,708	325,596	234,685
Operating result	-267,061	-83,708	1,042,694	-198,185
Financial income/costs	-1,356,014	259,838	-116,225	-105,421
Profit before tax	-1,623,074	176,131	926,469	-303,606
Total tax & extraordinary income/cost	-99,725	38,749	60,976	0
Annual Total Result	-1,523,349	137,382	865,493	-303,606

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	142,291,261	61,324,676	69,343,241	78,078,609
Total current assets	13,432,995	10,492,930	3,285,606	135,073
Total assets	155,724,256	71,817,606	72,628,847	78,213,682
Short term debt	20,806,289	276,565	2,281	31,593
Long term debt	75,250,000	349,725	1,572,632	7,993,649
Total liabilities	96,056,289	626,290	1,574,913	8,025,242
Contributed capital	1,717,252	1,717,252	1,717,252	1,717,252
Retained earnings	57,950,714	69,474,064	69,336,682	68,471,189
Total equity	59,667,966	71,191,316	71,053,934	70,188,441
Total equity and liabilities	155,724,256	71,817,606	72,628,847	78,213,682

Classification

Category

Banking and insurance

/ Financial fund

Type of organization

Limited company

Standard industrial classification

K

Main industrial area

Financial and insurance activities

64

Activity

Financial service activities, except insurance and pension funding

64.3

Main industrial group

Trusts, funds and similar financial entities

64.30

Industrial group

Trusts, funds and similar financial entities

64.308

Industrial group

Captive investment companies