SPAREBANKSTIFTELSEN TELEMARK • 999177743 • Skien • Financial service activities, except insurance and pension funding

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Banking and insurance

/ Financial fund

SPAREBANKSTIFTELSEN TELEMARK

Keywords

foundationsplacesfundsendowmentscharitablepublic benefit

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 2023: 213,066,340; NOK
Annual total result 2023: 229,583,612; NOK
Total equity 2023: 1,539,116,065; NOK

Last update: Oct 7, 2024

Management

Management / administration

Name	Role	Shares
JT Jan Terje Olsen 1958	Managing Director/CEO	-

Board

Name	Role	Shares
MN Morten Nikolai Wexels 1955	Chairman	-
GE Gjertrud Eide 1963	Board Member	-
FS Frøydis Straume 1971	Board Member	-
RL Rune Laurantsen 1956	Board Member	-
MH Marianne Hegna 1963	Board Member	-
KH Kari Skoe Fredriksen Heiberg 1967	Alternate Member	-
KH Kjersti Hole Haatveit 1963	Alternate Member	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-
A ATENTI AS	Accountant	-

Last update: Apr 13, 2023

Ownership

Shares owned by the SPAREBANKSTIFTELSEN TELEMARK

Name	Share class	Number of shares	Share
S SPAREBANK 1 SØRØST-NORGE	NO0006000207	18,910,174	13.5 %

Last update: May 24, 2024

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	213,066,340	130,018,861	17,663,091
Annual Total Result	229,583,612	91,785,178	52,373,919
Total assets	1,563,268,602	1,324,468,918	1,255,850,474
Total liabilities	24,152,537	118,854,789	111,129,023
Total equity	1,539,116,065	1,205,614,129	1,144,721,451

P&L

Year	2023	2022	2021
Total operating income	213,066,340	130,018,861	17,663,091
Total operating costs	48,269,208	4,275,961	4,113,336
Operating result	164,797,132	125,742,900	13,549,755
Financial income/costs	64,786,479	-33,957,722	38,824,164
Profit before tax	229,583,612	91,785,178	52,373,919
Total tax & extraordinary income/cost	0	0	0
Annual Total Result	229,583,612	91,785,178	52,373,919

Balance overview

Year	2023	2022	2021
Total fixed assets	750,427,790	750,292,790	750,292,790
Total current assets	812,840,813	574,176,128	505,557,684
Total assets	1,563,268,602	1,324,468,918	1,255,850,474
Short term debt	24,152,537	118,854,789	111,129,023
Long term debt	0	0	0
Total liabilities	24,152,537	118,854,789	111,129,023
Contributed capital	1,025,687,315	1,025,687,315	1,025,687,315
Retained earnings	513,428,750	179,926,813	119,034,135
Total equity	1,539,116,065	1,205,614,129	1,144,721,451
Total equity and liabilities	1,563,268,602	1,324,468,918	1,255,850,474

Classification

Category

Banking and insurance

/ Financial fund

Type of organization

Foundation

Standard industrial classification

K

Main industrial area

Financial and insurance activities

64

Activity

Financial service activities, except insurance and pension funding

64.3

Main industrial group

Trusts, funds and similar financial entities

64.30

Industrial group

Trusts, funds and similar financial entities

64.305

Industrial group

Charities which do not distribute means themselves