LOFOTEN UTVIKLING AS

Organization

CEO: FJ
Frode Jakob Hov1972
Chairman of the board: TJ
Terje Johansen Ermesjø1965
Years since formation: 27 years; since Jan 26, 1998
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 81,885; 2 share classes
Total number of shareholders: 345; 86 companies, 259 persons
Belongs to group of

Financials

Total operating income 2024: 360,000; NOK
Annual total result 2024: -5,940,775; NOK
Total equity 2024: 37,443,017; NOK

Last update: Sep 9, 2025

Management

Management / administration

Name	Role	Shares
FJ Frode Jakob Hov 1972	Managing Director/CEO	9.73 % directly 2.38 % indirectly 7.35 %

Board

Name	Role	Shares
JB Jørn Bertil Lyshoel 1972	Board Member	-
RA Ronny Andersen 1964	Board Member	-
JO John Olof Solberg 1972	Board Member	-
FP Frode Peter Klingenberg 1966	Board Member	-
TJ Terje Johansen Ermesjø 1965	Chairman	-
JS Jenny Sofie Hoff 1989	Board Member	-
BD Benjamin David Cowan-Dewar 1979	Board Member	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-
S SPAREBANK 1 REGNSKAPSHUSET NORD-NORGE AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
FJ Frode Jakob Hov 1972	Managing Director/CEO	9.73 % directly 2.38 % indirectly 7.35 %
AA Arild Andre Karlsen 1970	-	2.92 % indirectly
RK Richard Kristensen Andersen 1981	-	1.22 % directly
RA Roger Arne Rasmussen 1956	-	1.22 % indirectly

Last update: Apr 9, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
L LOFOTEN GOLFINVEST AS	A-shares	54,657	66.75 %
C CABOT LOFOTEN AS	A-shares	8,800	10.75 %
H HOV LOFOTEN AS	A-shares	6,020	7.35 %
FJ Frode Jakob Hov 1972	A-shares	1,945	2.38 %
S SCHAGE EIENDOM AS	A-shares	1,760	2.15 %
K KGI AS	A-shares	1,600	1.95 %
RK Richard Kristensen Andersen 1981	A-shares	1,000	1.22 %
R RASMUSSEN HOLDING AS	A-shares	1,000	1.22 %
L LOFOTEN GOLFKLUBB	A-shares	710	0.87 %
G GRENDAHL KAPITAL AS	A-shares	640	0.78 %
KT Knut Terje Pedersen 1958	A-shares	420	0.51 %
S S.A. NILSEN AS	A-shares	400	0.49 %
B BENT ERIKSEN AS	A-shares	320	0.39 %
K K A KARLSEN BYGG AS	A-shares	247	0.3 %
T THORE MAGNUSSEN OG SØNN AS	A-shares	110	0.13 %
JB John Bernhard Bottheim 1949	A-shares	100	0.12 %
M MACKS ØLBRYGGERI AS	A-shares	100	0.12 %
T TURISTUTVIKLING AS	A-shares	100	0.12 %
E ELLINGSEN SEAFOOD AS	A-shares	100	0.12 %
AS Anne-Grete Stykket 1954	A-shares	70	0.09 %
R RIST INVEST AS	A-shares	52	0.06 %
LÅ Lars Åge Nogva 1963	A-shares	50	0.06 %
B BRØDRENE ARNTZEN AS	A-shares	50	0.06 %
AV Ann Veronika Fredheim 1976	A-shares	50	0.06 %
CA Cato Andre Hov 1965	A-shares	50	0.06 %
SA Svein Arne Grav 1950	A-shares	50	0.06 %
UH Unni Hov 1947	A-shares	41	0.05 %
TG Torbjørn Gladsø 1946	A-shares	40	0.05 %
PB Per Blix 1960	A-shares	40	0.05 %
FA Frank Arne Nygård 1969	A-shares	40	0.05 %
PE Paul Einar Henriksen 1941	A-shares	40	0.05 %
F FALCH SVOLVÆR AS	A-shares	40	0.05 %
JS Jann-Odd Steira 1956	A-shares	36	0.04 %
N NORDLAKS OPPDRETT AS	A-shares	30	0.04 %
SF Simon Frede Dahl 1951	A-shares	30	0.04 %
KJ Kjell Johan Johansen 1944	A-shares	30	0.04 %
R RASMUSSEN EIENDOM AS	A-shares	30	0.04 %
C COOP NORD SA	A-shares	30	0.04 %
P POSEIDON HOLDING AS	A-shares	30	0.04 %
TH Tor Henriksen 1965	A-shares	30	0.04 %
T TRYGVE MARTINSEN & SØNN AS	A-shares	30	0.04 %
L LOFOTEN UTVIKLING AS	Class B shares	27	0.03 %
S SVINØYA RORBUER AS	A-shares	20	0.02 %
SH Stine Hovdan Larssen 1965	A-shares	20	0.02 %
AM Arne Martin Jakobsen 1952	A-shares	20	0.02 %
V VITO HOLDING AS	A-shares	20	0.02 %
FJ Finn Jonny Rottem 1962	A-shares	20	0.02 %
N NORDNORSK REVISJON AS	A-shares	20	0.02 %
EF Erling Falch 1939	A-shares	20	0.02 %
J J H KRISTOFFERSEN AS	A-shares	20	0.02 %
JT Johan Thomas Hegdahl 1964	A-shares	20	0.02 %
TP Thiagarajan Pitchaikaran 1962	A-shares	20	0.02 %
H HENNINGSVÆR DRIFT AS	A-shares	20	0.02 %
TÅ Trond Åge Hov 1966	A-shares	15	0.02 %
KH Karl-Jann Hansen 1937	A-shares	15	0.02 %
P Polar Hotell & Restaurantdrift AS	Class B shares	13	0.02 %
D DNB BANK ASA	Class B shares	12	< 0.01 %
UF Ulrik Fredrik Malt 1946	A-shares	10	< 0.01 %
R REINE RORBUER AS	A-shares	10	< 0.01 %
SP Svein Pedersen 1952	A-shares	10	< 0.01 %
VP Viggo Pedersen 1948	A-shares	10	< 0.01 %
KP Kjell Per Jakobsen 1960	A-shares	10	< 0.01 %
S SCANDIC HOTELS AS	A-shares	10	< 0.01 %
N NORLANDIA HOLDING AS	A-shares	10	< 0.01 %
SN Sveinung Nygård 1947	A-shares	10	< 0.01 %
AF Arne Fossum 1944	A-shares	10	< 0.01 %
KH Kristian Hansen 1975	A-shares	10	< 0.01 %
HJ Harald Johansen 1938	A-shares	10	< 0.01 %
RM Reidar Magne Hansen 1960	A-shares	10	< 0.01 %
GO Gunnar Olav Sæthre 1939	A-shares	10	< 0.01 %
HM Hallvard Magne Kristensen 1953	A-shares	10	< 0.01 %
JR Jan Reidar Bergmo 1952	A-shares	10	< 0.01 %
RR Robert Robertsen 1940	A-shares	10	< 0.01 %
V VESTVÅGØY SERVICESENTER AS	A-shares	10	< 0.01 %
GM Gertrud Matras 1971	A-shares	10	< 0.01 %
N NOR LINES SVOLVÆR AS	A-shares	10	< 0.01 %
EK Espen Kverneland 1963	A-shares	10	< 0.01 %
RS Roger Sedvartsen 1958	A-shares	10	< 0.01 %
B BIL I NORD AS	A-shares	10	< 0.01 %
EJ Eli Jennie Johnsen 1957	A-shares	10	< 0.01 %
P PERFECT PARTNER LOFOTEN AS	A-shares	10	< 0.01 %
OM Odd Magne Steffensen 1953	A-shares	10	< 0.01 %
P P J RØDSAND AS	A-shares	10	< 0.01 %
OG Ole Gran 1962	A-shares	10	< 0.01 %
NK Nils Krister Olof Ripadal 1965	A-shares	10	< 0.01 %
S SAUØYA EIENDOM AS	A-shares	10	< 0.01 %
NP Nils Peter Kaltenborn 1946	A-shares	10	< 0.01 %
ER Erling Ragnar Kleivan 1947	A-shares	10	< 0.01 %
PI Paal Ingvald Sletten 1959	A-shares	10	< 0.01 %
AJ Arve Jonny Larsen 1939	A-shares	10	< 0.01 %
AS Astrid Santi Falch 1940	A-shares	10	< 0.01 %
V VÅGAN KOMMUNE	Class B shares	8	< 0.01 %
G GIMSØY HYTTER AS	Class B shares	6	< 0.01 %
K KUBA SVOLVÆR AS	Class B shares	5	< 0.01 %
IA Inger-Mari Andreassen 1979	A-shares	5	< 0.01 %
H HOLMEN LOFOTEN AS	Class B shares	5	< 0.01 %
BJ Bjørn Johan Flakstad 1948	Class B shares	5	< 0.01 %
R RIST INVEST AS	Class B shares	4	< 0.01 %
NP Nils Peter Kaltenborn 1946	Class B shares	4	< 0.01 %
H HARILA EIENDOM AS	Class B shares	3	< 0.01 %

Shares owned by the LOFOTEN UTVIKLING AS

Name	Share class	Total number of shares	Share
L LOFOTEN HYTTEUTVIKLING AS	Ordinary shares	100	100 %
L LOFOTEN GOLFDRIFT AS	Ordinary shares	100	100 %
F FH EIENDOM AS	Ordinary shares	100	100 %
L LOFOTEN GOLFBANE AS	Ordinary shares	1,000	100 %
G GIMSØY HYTTER AS	Ordinary shares	403	10 %
D DESTINATION LOFOTEN AS	Ordinary shares	10	0.42 %
L LOFOTEN UTVIKLING AS	Class B shares	27	0.03 %

Last update: Jun 2, 2025

Group structure

AS TAURUS
Total operating income 2024: NOK 201,588,206
Operating profit 2024: NOK 195,940,957
Employees: 0

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	360,000	360,000	360,000	312,000
Annual Total Result	-5,940,775	-8,506,900	-2,933,713	-1,774,601
Total assets	68,979,395	55,210,373	48,396,146	43,323,502
Total liabilities	31,536,378	22,826,580	28,134,454	20,128,097
Total equity	37,443,017	32,383,792	20,261,692	23,195,405

P&L

Year	2024	2023	2022	2021
Total operating income	360,000	360,000	360,000	312,000
Total operating costs	4,385,303	2,485,008	2,176,457	1,876,267
Operating result	-4,025,303	-2,125,008	-1,816,457	-1,564,267
Financial income/costs	-1,915,472	-6,381,892	-1,117,256	-210,334
Profit before tax	-5,940,775	-8,506,900	-2,933,713	-1,774,601
Total tax & extraordinary income/cost	0	0	0	0
Annual Total Result	-5,940,775	-8,506,900	-2,933,713	-1,774,601

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	60,871,120	53,201,106	16,098,749	16,019,399
Total current assets	8,108,276	2,009,267	32,297,397	27,304,103
Total assets	68,979,395	55,210,373	48,396,146	43,323,502
Short term debt	9,731,491	2,094,532	8,634,454	628,097
Long term debt	21,804,887	20,732,048	19,500,000	19,500,000
Total liabilities	31,536,378	22,826,580	28,134,454	20,128,097
Contributed capital	37,443,017	25,074,006	24,970,006	24,970,006
Retained earnings	0	7,309,786	-4,708,314	-1,774,601
Total equity	37,443,017	32,383,792	20,261,692	23,195,405
Total equity and liabilities	68,979,395	55,210,373	48,396,146	43,323,502

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

LOFOTEN UTVIKLING AS979 549 237

LOFOTEN UTVIKLING AS

Links

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the LOFOTEN UTVIKLING AS

Group structure

Financials

Summary

P&L

Balance overview

Classification