INSULA AS • 960756932 • Leknes • Manufacture of food products

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Industry and manufacturing

/ Fish slaughterhouses

INSULA AS

Keywords

fishmealready meals

Organization

CEO: AF
Amund Fjørtoft1977
Chairman of the board: TM
Tor Magne Lønnum1967
Years since formation: 29 years; since Feb 20, 1995
Type: Limited company
VAT registered: Yes
Number of employees: 14

Ownership

Number of shares and share classes: 241,746,026; 2 share classes
Total number of shareholders: 11; companies
Belongs to group of

Financials

Total operating income 2023: 71,273,993; NOK
Annual total result 2023: 133,541,857; NOK
Total equity 2023: 945,258,266; NOK

Last update: Aug 29, 2024

Management

Management / administration

Name	Role	Shares
AF Amund Fjørtoft 1977	Managing Director/CEO	-

Board

Name	Role	Shares
TM Tor Magne Lønnum 1967	Chairman	-
OH Olav Holst-Dyrnes 1970	Board Member	-
KS Kristin Olstad Schea 1968	Board Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
GM Gustav Magnar Witzøe 1993	-	7.44 % indirectly
SR Sigvald Arctander Rist 1969	-	2.11 % indirectly

Last update: Jun 24, 2024

Ownership

Company shareholders

Name	Share class	Number of shares	Share
K KVERVA INDUSTRIER AS	Preference shares	211,356,490	87.43 %
K KVERVA INDUSTRIER AS	Ordinary shares	19,928,964	8.24 %
S SKOTTIND INVEST AS	Preference shares	4,392,809	1.82 %
Z ZEBRAFISH AS	Preference shares	1,822,125	0.75 %
Z ZEBRAFISH MIP AS	Ordinary shares	711,018	0.29 %
J JAN B HOLDING AS	Ordinary shares	711,018	0.29 %
K KFK III AS	Ordinary shares	711,018	0.29 %
O ODAJAKOB INVEST AS	Ordinary shares	711,018	0.29 %
H H45 HOLDING AS	Ordinary shares	711,018	0.29 %
S SKOTTIND INVEST AS	Ordinary shares	488,090	0.2 %
Z ZEBRAFISH AS	Ordinary shares	202,458	0.08 %

Shares owned by the INSULA AS

Name	Share class	Number of shares	Share
F FISKCENTRALEN AS	Ordinary shares	372,312	100 %
V VARDØBRUKET AS	Ordinary shares	100	100 %
S SJØFRISK NORGE AS	Ordinary shares	1,000	100 %
I INSULA PRODUKSJON AS	Ordinary shares	1,000	100 %
A AS BÅTSFJORDBRUKET	Ordinary shares	2,479	100 %
M MARITIM FOOD AS	Ordinary shares	9,420	100 %
L LOFOTPRODUKT AS	Ordinary shares	670,963	100 %
T TOBØ FISK AS	Ordinary shares	54,988	100 %
F FRØYA SALMON AS	Ordinary shares	1,500,000	100 %
N NORDIC GROUP AS	Ordinary shares	2,493,513	99 %
F FIRST SEAFOOD AS	Ordinary shares	4,505,000	90.1 %
C CONCHILIA AS	Ordinary shares	12,396	41.32 %
A AS LANDEGODE HANDEL	Ordinary shares	30	30 %
F FISKERINÆRINGENS INNKJØPSSELSKAP AS	Ordinary shares	11	1.83 %
K KYSTVEGEN MÅLØY- FLORØ AS	Ordinary shares	5	0.37 %

Last update: May 24, 2024

Group structure

KVARV AS
Total operating income 2023: NOK 638,000
Operating profit 2023: NOK -26,766,000
Employees: 7

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	71,273,993	81,640,807	73,695,231
Annual Total Result	133,541,857	5,014,222	45,585,738
Total assets	2,072,001,880	1,908,501,522	1,850,482,605
Total liabilities	1,126,743,614	1,112,803,177	1,002,069,961
Total equity	945,258,266	795,698,344	848,412,644

P&L

Year	2023	2022	2021
Total operating income	71,273,993	81,640,807	73,695,231
Total operating costs	99,665,203	126,923,685	24,285,930
Operating result	-28,391,211	-45,282,878	49,409,301
Financial income/costs	174,985,988	54,459,133	27,029,244
Profit before tax	146,594,778	9,176,255	76,438,545
Total tax & extraordinary income/cost	13,052,921	4,162,033	30,852,807
Annual Total Result	133,541,857	5,014,222	45,585,738

Balance overview

Year	2023	2022	2021
Total fixed assets	1,588,839,394	1,501,876,960	1,540,372,211
Total current assets	483,162,486	406,624,562	310,110,395
Total assets	2,072,001,880	1,908,501,522	1,850,482,605
Short term debt	494,508,202	589,349,949	541,083,080
Long term debt	632,235,412	523,453,228	460,986,881
Total liabilities	1,126,743,614	1,112,803,177	1,002,069,961
Contributed capital	1,131,951,168	1,115,933,103	1,115,933,103
Retained earnings	-186,692,902	-320,234,758	-267,520,458
Total equity	945,258,266	795,698,344	848,412,644
Total equity and liabilities	2,072,001,880	1,908,501,522	1,850,482,605

Classification

Category

Industry and manufacturing

/ Fish slaughterhouses

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

C

Main industrial area

Manufacturing

10

Activity

Manufacture of food products

10.2

Main industrial group

Processing and preserving of fish, crustaceans and molluscs

10.20

Industrial group

Processing and preserving of fish, crustaceans and molluscs

10.209

Industrial group

Slaughtering and other processing and preserving of fish and fish products