FRONTLINE MANAGEMENT AS
Keywords
operationlockscanalstugboat operationslighthouse servicepilotage servicemooringvesselsicebreakers
Organization
- CEO
- LH
- Chairman of the board
- LH
- Years since formation
- 28 years
- since May 5, 1997
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 35
Ownership
- Number of shares and share classes
- 5,000
- 1 share class
- Total number of shareholders
- 1
- person
Financials
- Total operating income 2023
- 248,709,187
- NOK
- Annual total result 2023
- 10,764,092
- NOK
- Total equity 2023
- 84,170,272
- NOK
Last update: Oct 14, 2024
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
LH | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
LH | Chairman | - |
IM | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 5,000 | 100 % |
Last update: May 24, 2024
Financials
in NOK
Summary
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 248,709,187 | 178,435,412 | 141,079,748 |
Annual Total Result | 10,764,092 | 8,465,163 | 7,149,873 |
Total assets | 251,595,467 | 161,237,388 | 88,345,774 |
Total liabilities | 167,425,195 | 87,831,206 | 23,404,757 |
Total equity | 84,170,272 | 73,406,182 | 64,941,017 |
P&L
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 248,709,187 | 178,435,412 | 141,079,748 |
Total operating costs | 235,241,125 | 167,715,542 | 131,934,325 |
Operating result | 13,468,062 | 10,719,870 | 9,145,424 |
Financial income/costs | 348,821 | 108,979 | 19,181 |
Profit before tax | 13,816,882 | 10,828,849 | 9,164,604 |
Total tax & extraordinary income/cost | 3,052,790 | 2,363,686 | 2,014,731 |
Annual Total Result | 10,764,092 | 8,465,163 | 7,149,873 |
Balance overview
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total fixed assets | 2,470,777 | 3,466,421 | 4,432,259 |
Total current assets | 249,124,691 | 157,770,967 | 83,913,515 |
Total assets | 251,595,467 | 161,237,388 | 88,345,774 |
Short term debt | 164,845,063 | 75,798,542 | 17,277,530 |
Long term debt | 2,580,132 | 12,032,663 | 6,127,227 |
Total liabilities | 167,425,195 | 87,831,206 | 23,404,757 |
Contributed capital | 2,500,000 | 2,500,000 | 2,500,000 |
Retained earnings | 81,670,272 | 70,906,182 | 62,441,017 |
Total equity | 84,170,272 | 73,406,182 | 64,941,017 |
Total equity and liabilities | 251,595,467 | 161,237,388 | 88,345,774 |
Classification
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises
Standard industrial classification
H
Main industrial area
Transportation and storage
52
Activity
Warehousing and support activities for transportation
52.2
Main industrial group
Support activities for transportation
52.22
Industrial group
Service activities incidental to water transportation
52.229
Industrial group
Other services incidental to water transportation