CONTROL CUTTER AS

Cutting Costs By Cutting Faster - Control Cutter

Assisting our clients in their decommissioning operations, while improving safety, decreasing co2 emissions, and increasing efficiency.

Keywords

manufacturingdrying machineswoodpulppaper and cardboardprinting machinesbookbinding machinesroof tilesbricksceramic masspipesgraphite electrodesblackboard chalksemiconductorsuniversal industrial robotsspecial machinesisotope separationtire tracking equipmentbalancing equipmentsolariumsbowling alleyscarouselsswingsshooting ranges

Organization

CEO: LD
Lukas Andersen David1989
Chairman of the board: DP
Daniel Prelevic1977
Years since formation: 15 years; since Sep 13, 2010
Type: Limited company
VAT registered: Yes
Number of employees: 16

Ownership

Number of shares and share classes: 6,886,694; 1 share class
Total number of shareholders: 4; 3 companies, 1 person
Belongs to group of

Financials

Total operating income 2023: 147,066,166; NOK
Annual total result 2023: 40,533,888; NOK
Total equity 2023: 32,456,805; NOK

Last update: Aug 29, 2024

Management

Management / administration

Name	Role	Shares
LD Lukas Andersen David 1989	Managing Director/CEO	-

Board

Name	Role	Shares
JM John Magne Birkeland 1962	Board Member	-
NL Neil Lewis Watts 1953	Board Member	-
MO Mel Oliver Fitzgerald 1950	Board Member	-
PB Petter Birkeland 1969	Board Member	10 % indirectly
DP Daniel Prelevic 1977	Chairman	-
KR Karl Robert Larsson 1972	Board Member	-

Others

Name	Role	Shares
E ERGA REVISJON AS	Auditor	-
K KJELL HAVER REGNSKAPSSERVICE AS	Accountant	-
A AZETS INSIGHT AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
PB Petter Birkeland 1969	Board Member	10 % indirectly

Last update: Mar 1, 2024

Ownership

Company shareholders

Name	Share class	Number of shares	Share
A Addech Nordic Ab	Ordinary shares	6,114,578	88.79 %
S SMART INSTALLATIONS AS	Ordinary shares	688,670	10 %
T TTIN AS	Ordinary shares	49,013	0.71 %
L LAD INVEST AS	Ordinary shares	34,433	0.5 %

Shares owned by the CONTROL CUTTER AS

Name	Share class	Number of shares	Share
A AQUA CUTTER AS	Ordinary shares	826,443	100 %
C CONTROL CUTTER RENTAL AS	Ordinary shares	530,000	100 %

Last update: May 24, 2024

Group structure

CONTROL CUTTER AS
Total operating income 2023: NOK 147,066,166
Operating profit 2023: NOK 49,098,840
Employees: 16

Financials

in NOK

Summary

Year	2023	2022
Total operating income	147,066,166	69,731,780
Annual Total Result	40,533,888	22,372,232
Total assets	86,491,878	68,089,615
Total liabilities	66,096,339	36,866,698
Total equity	32,456,805	31,222,917

P&L

Year	2023	2022
Total operating income	147,066,166	69,731,780
Total operating costs	97,967,326	41,646,323
Operating result	49,098,840	28,085,458
Financial income/costs	2,994,504	-1,091,513
Profit before tax	52,093,344	26,993,944
Total tax & extraordinary income/cost	11,559,456	4,621,712
Annual Total Result	40,533,888	22,372,232

Balance overview

Year	2023	2022
Total fixed assets	24,400,922	19,021,154
Total current assets	62,090,956	49,068,461
Total assets	86,491,878	68,089,615
Short term debt	61,800,996	27,212,301
Long term debt	4,295,343	9,654,397
Total liabilities	66,096,339	36,866,698
Contributed capital	6,886,694	6,886,694
Retained earnings	25,570,111	24,336,223
Total equity	32,456,805	31,222,917
Total equity and liabilities	98,553,144	68,089,615

CONTROL CUTTER AS995 927 861