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S

SPAREBANKSTIFTELSEN TELEMARK999 177 743

Foundation
Torggata 8 3724 SKIEN, Norge

SPAREBANKSTIFTELSEN TELEMARK

Organization

CEO
JT

Jan Terje Olsen1958

Chairman of the board
MN

Morten Nikolai Wexels1955

Years since formation
13 years
since Nov 23, 2012
Type
Foundation
VAT registered
No
Number of employees
0

Financials

Total operating income 2024
426,752,353
NOK
Annual total result 2024
661,475,774
NOK
Total equity 2024
3,950,258,282
NOK
Last update: Sep 9, 2025

Management

Management / administration

NameRoleShares
JT

Jan Terje Olsen

1958

Managing Director/CEO-

Board

NameRoleShares
MN

Morten Nikolai Wexels

1955

Chairman-
FS

Frøydis Straume

1971

Board Member-
RL

Rune Laurantsen

1956

Board Member-
MH

Marianne Hegna

1963

Board Member-
KS

Kari Skoe Fredriksen Heiberg

1967

Alternate Member-
KH

Kjersti Hole Haatveit

1963

Alternate Member-
EC

Emilie Clarice Schäffer

1969

Board Member-
GO

Geir Olav Ryntveit

1965

Alternate Member-

Others

NameRoleShares
E
ERNST & YOUNG AS
Auditor-
A
AIDER AS
Accountant-
Last update: Aug 20, 2025

Ownership

Shares owned by the SPAREBANKSTIFTELSEN TELEMARK

NameShare classTotal number of sharesShare
S
SPAREBANK 1 SØRØST-NORGE
NO0006000207
18,910,174
13.5 %
S
SPAREBANK 1 SØR-NORGE ASA
NO0010631567
25,033,916
6.67 %
Last update: Jun 2, 2025

Financials

in NOK

Summary

Year2024202320222021
Total operating income
426,752,353
213,066,340
130,018,861
17,663,091
Annual Total Result
661,475,774
229,583,612
91,785,178
52,373,919
Total assets
4,010,705,155
1,563,268,602
1,324,468,918
1,255,850,474
Total liabilities
60,446,874
24,152,537
118,854,789
111,129,023
Total equity
3,950,258,282
1,539,116,065
1,205,614,129
1,144,721,451

P&L

Year2024202320222021
Total operating income
426,752,353
213,066,340
130,018,861
17,663,091
Total operating costs
83,158,272
48,269,208
4,275,961
4,113,336
Operating result
343,594,081
164,797,132
125,742,900
13,549,755
Financial income/costs
317,881,693
64,786,479
-33,957,722
38,824,164
Profit before tax
661,475,774
229,583,612
91,785,178
52,373,919
Total tax & extraordinary income/cost
0
0
0
0
Annual Total Result
661,475,774
229,583,612
91,785,178
52,373,919

Balance overview

Year2024202320222021
Total fixed assets
2,721,931,134
750,427,790
750,292,790
750,292,790
Total current assets
1,288,774,022
812,840,813
574,176,128
505,557,684
Total assets
4,010,705,155
1,563,268,602
1,324,468,918
1,255,850,474
Short term debt
60,446,874
24,152,537
118,854,789
111,129,023
Long term debt
0
0
0
0
Total liabilities
60,446,874
24,152,537
118,854,789
111,129,023
Contributed capital
2,775,353,757
1,025,687,315
1,025,687,315
1,025,687,315
Retained earnings
1,174,904,524
513,428,750
179,926,813
119,034,135
Total equity
3,950,258,282
1,539,116,065
1,205,614,129
1,144,721,451
Total equity and liabilities
4,010,705,156
1,563,268,602
1,324,468,918
1,255,850,474

Classification

Type of organization
Foundation