POLAR OIL AS
Organization
- CEO
- EH
Elton Hoksa1986
- Chairman of the board
- AH
Andro Hoksa1991
- Years since formation
- 5 years
- since May 12, 2020
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 40
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2024
- 1,745,700
- NOK
- Annual total result 2024
- -283,867
- NOK
- Total equity 2024
- 500,504
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
EH 1986 | Managing Director/CEO | 25 % indirectly |
Board
| Name | Role | Shares |
|---|---|---|
AH 1991 | Chairman | 25 % indirectly |
EH 1986 | Board Member | 25 % indirectly |
Others
| Name | Role | Shares |
|---|---|---|
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
EH 1986 | Managing Director/CEO, Board Member | 25 % indirectly |
AH 1991 | Chairman | 25 % indirectly |
AH 1961 | - | 25 % indirectly |
BH 1961 | - | 25 % indirectly |
Last update: Oct 15, 2024
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 40 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 0Operating profit 2024: NOK -117,250Employees: 0
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
Total operating income | 1,745,700 | 572,000 | 140,262 |
Annual Total Result | -283,867 | -81,650 | 73,861 |
Total assets | 18,492,899 | 18,974,253 | 1,581,959 |
Total liabilities | 17,992,395 | 17,256,906 | 1,482,962 |
Total equity | 500,504 | 1,717,347 | 98,997 |
P&L
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
Total operating income | 1,745,700 | 572,000 | 140,262 |
Total operating costs | 862,260 | 285,122 | 41,213 |
Operating result | 883,440 | 286,877 | 99,049 |
Financial income/costs | -1,247,473 | -391,501 | -4,356 |
Profit before tax | -364,032 | -104,624 | 94,693 |
Total tax & extraordinary income/cost | -80,165 | -22,974 | 20,832 |
Annual Total Result | -283,867 | -81,650 | 73,861 |
Balance overview
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
Total fixed assets | 16,883,400 | 16,825,874 | 1,203,391 |
Total current assets | 1,609,499 | 2,148,379 | 378,568 |
Total assets | 18,492,899 | 18,974,253 | 1,581,959 |
Short term debt | 453,240 | 63,639 | 1,278,606 |
Long term debt | 17,539,155 | 17,193,267 | 204,356 |
Total liabilities | 17,992,395 | 17,256,906 | 1,482,962 |
Contributed capital | 807,025 | 1,740,000 | 40,000 |
Retained earnings | -306,521 | -22,653 | 58,997 |
Total equity | 500,504 | 1,717,347 | 98,997 |
Total equity and liabilities | 18,492,899 | 18,974,253 | 1,581,959 |
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