FARES AS
Keywords
wholesale trade
Organization
- CEO
- TO
Terje Olsen1961
- Chairman of the board
- TO
Terje Olsen1961
- Years since formation
- 28 years
- since Jul 7, 1997
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 140
- 1 share class
- Total number of shareholders
- 1
- person
Financials
- Total operating income 2024
- 2,233,183
- NOK
- Annual total result 2024
- 1,668,798
- NOK
- Total equity 2024
- 21,335,913
- NOK
Last update: May 10, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
TO 1961 | Managing Director/CEO | 100 % directly |
Board
| Name | Role | Shares |
|---|---|---|
TO 1961 | Chairman | 100 % directly |
Others
| Name | Role | Shares |
|---|---|---|
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
TO 1961 | Managing Director/CEO, Chairman | 100 % directly |
Last update: Nov 21, 2024
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
TO 1961 | Ordinary shares | 140 | 100 % |
Shares owned by the FARES AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| NO0013249896 | 5,000 | < 0.01 % | |
| NO0003921009 | 110,000 | < 0.01 % | |
| NO0011202772 | 6,000 | < 0.01 % | |
| NO0010921232 | 2,608 | < 0.01 % | |
| NO0010791353 | 1,650 | < 0.01 % | |
| NO0010571680 | 10,000 | < 0.01 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
Total operating income | 2,233,183 | 3,080,383 | 6,405,751 |
Annual Total Result | 1,668,798 | 1,481,892 | 4,645,798 |
Total assets | 21,959,524 | 20,391,462 | 19,602,612 |
Total liabilities | 623,611 | 724,347 | 1,417,390 |
Total equity | 21,335,913 | 19,667,115 | 18,185,223 |
P&L
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
Total operating income | 2,233,183 | 3,080,383 | 6,405,751 |
Total operating costs | 1,430,831 | 1,498,430 | 1,444,076 |
Operating result | 802,351 | 1,581,953 | 4,961,675 |
Financial income/costs | 1,211,010 | 336,923 | 785,430 |
Profit before tax | 2,013,361 | 1,918,876 | 5,747,105 |
Total tax & extraordinary income/cost | 344,563 | 436,984 | 1,101,307 |
Annual Total Result | 1,668,798 | 1,481,892 | 4,645,798 |
Balance overview
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
Total fixed assets | 554,020 | 712,300 | 870,580 |
Total current assets | 21,405,504 | 19,679,162 | 18,732,032 |
Total assets | 21,959,524 | 20,391,462 | 19,602,612 |
Short term debt | 583,232 | 663,473 | 1,345,255 |
Long term debt | 40,379 | 60,874 | 72,135 |
Total liabilities | 623,611 | 724,347 | 1,417,390 |
Contributed capital | 140,000 | 140,000 | 140,000 |
Retained earnings | 21,195,913 | 19,527,115 | 18,045,223 |
Total equity | 21,335,913 | 19,667,115 | 18,185,223 |
Total equity and liabilities | 21,959,524 | 20,391,462 | 19,602,612 |
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
G
Main industrial area
Wholesale and retail trade; repair of motor vehicles and motorcycles
46
Activity
Wholesale trade, except of motor vehicles and motorcycles
46.1
Main industrial group
Wholesale on a fee or contract basis
46.13
Industrial group
Agents involved in the sale of timber and building materials
46.130
Industrial group
Agents involved in the sale of timber and building materials