ISLAND OFFSHORE XI AS • 987845325 • Ulsteinvik • Water transport

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ISLAND OFFSHORE XI AS

Keywords

offshoresupplyservice servicessea transporttechnical personnelfloating installationsequipmentgoodsoffshore operations

Organization

Chairman of the board: MU
Morten Ulstein1953
Years since formation: 19 years; since Feb 10, 2005
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 266,993,736; 1 share class
Total number of shareholders: 11; 9 companies, 2 persons

Financials

Annual total result 2023: 13,339,098; NOK
Total equity 2023: 66,085,378; NOK

Last update: Aug 29, 2024

Management

Board

Name	Role	Shares
MU Morten Ulstein 1953	Chairman	2.79 % indirectly
AL Arne Loen 1959	Board Member	4.5 % indirectly
GJ Gary J Chouest 1944	Board Member	-
HU Håvard Ulstein 1959	Board Member	2.79 % indirectly
MM Mai-Britt Myklebust 1969	Contact Person	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-
H HASUND AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
AL Arne Loen 1959	Board Member	4.5 % indirectly
MU Morten Ulstein 1953	Chairman	2.79 % indirectly
HU Håvard Ulstein 1959	Board Member	2.79 % indirectly
SI Svein Idar Ulstein 1963	-	2.79 % indirectly
IM Ingunn Merete Ulstein Botnen 1955	-	2.79 % indirectly
HU Henning Ulstein 1956	-	2.79 % indirectly
AK Anne Ose Kristensen 1989	-	2.72 % indirectly
SK Sverre Ose Kristensen 2001	-	2.72 % indirectly
SU Stig Ulstein 1958	-	1.67 % indirectly
DK Dag Ulstein Kristensen 1964	-	1.64 % indirectly

Last update: Oct 23, 2023

Ownership

Company shareholders

Name	Share class	Number of shares	Share
OI Offshore Shipholding Island	Ordinary shares	146,933,214	55.03 %
S SNEINGEN AS	Ordinary shares	52,231,886	19.56 %
I ISLAND OFFSHORE INVEST AS	Ordinary shares	19,308,460	7.23 %
I Island Investment Llc	Ordinary shares	11,394,672	4.27 %
B BORGSTEIN SKIPSINVEST AS	Ordinary shares	11,394,672	4.27 %
I INGER M KRISTENSEN AS	Ordinary shares	4,961,799	1.86 %
E EMAR INVEST AS	Ordinary shares	4,961,798	1.86 %
D DUK INVEST AS	Ordinary shares	4,961,798	1.86 %
H HUK INVEST AS	Ordinary shares	3,654,847	1.37 %
B BEELINE AS	Ordinary shares	3,595,295	1.35 %
I INGUS AS	Ordinary shares	3,595,295	1.35 %

Last update: May 24, 2024

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	0	0	0
Annual Total Result	13,339,098	-1,269,868	-576,765
Total assets	68,338,475	52,751,303	47,652,297
Total liabilities	2,253,097	5,024	4,349
Total equity	66,085,378	52,746,279	47,647,948

P&L

Year	2023	2022	2021
Total operating income	0	0	0
Total operating costs	64,481	6	0
Operating result	-64,481	-6	0
Financial income/costs	15,587,312	-1,269,863	-576,765
Profit before tax	15,522,830	-1,269,868	-576,765
Total tax & extraordinary income/cost	2,183,732	0	0
Annual Total Result	13,339,098	-1,269,868	-576,765

Balance overview

Year	2023	2022	2021
Total fixed assets	67,614,607	52,292,755	47,387,083
Total current assets	723,868	458,548	265,214
Total assets	68,338,475	52,751,303	47,652,297
Short term debt	69,366	5,024	4,349
Long term debt	0	0	0
Total liabilities	2,253,097	5,024	4,349
Contributed capital	40,745,481	40,745,481	36,575,481
Retained earnings	25,339,897	12,000,798	11,072,467
Total equity	66,085,378	52,746,279	47,647,948
Total equity and liabilities	68,338,475	52,751,303	47,652,297

Classification

Category

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

50

Activity

Water transport

50.2

Main industrial group

Sea and coastal freight water transport

50.20

Industrial group

Sea and coastal freight water transport

50.204

Industrial group

Supply and other sea transport offshore services