RISVOLLELVA KRAFTVERK AS • 823168292 • Stord • Electricity, gas, steam and air conditioning supply

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/ Energy production

RISVOLLELVA KRAFTVERK AS

Keywords

generationelectricityhydroturbines

Organization

CEO: HØ
Hege Myhre Willemsen Økland1975
Chairman of the board: KH
Kjetil Harestad1965
Years since formation: 5 years; since Aug 7, 2019
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 2,175,000; 2 share classes
Total number of shareholders: 2; companies
Belongs to group of

Financials

Total operating income 2023: 14,461,201; NOK
Annual total result 2023: 4,501,802; NOK
Total equity 2023: 32,037,528; NOK

Last update: Aug 29, 2024

Management

Management / administration

Name	Role	Shares
HØ Hege Myhre Willemsen Økland 1975	Managing Director/CEO	-

Board

Name	Role	Shares
KH Kjetil Harestad 1965	Chairman	-
LR Lars Reidar Fosstveit 1973	Board Member	10 % indirectly
JM John Martin Mjånes 1975	Alternate Member	-
HØ Hege Myhre Willemsen Økland 1975	Alternate Member	-
TA Torkel Andre Risvoll 1967	Observer, Observer, Alternate Member	4.9 % indirectly
SS Svein Dale Soleng 1986	Deputy Chair	-

Others

Name	Role	Shares
D DELOITTE AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
AF Arild Fosstveit 1949	-	11.4 % indirectly
LR Lars Reidar Fosstveit 1973	Board Member	10 % indirectly
BJ Britt June Risvold Kvaløy 1980	-	5.41 % indirectly
TA Torkel Andre Risvoll 1967	Observer, Observer, Alternate Member	4.9 % indirectly
EB Elfinn Birkeland 1960	-	1.17 % indirectly
EB Elin Birkeland 1987	-	1.12 % indirectly

Last update: Sep 18, 2024

Ownership

Company shareholders

Name	Share class	Number of shares	Share
S SUNNHORDLAND KRAFTLAG AS	A-shares	1,413,750	65 %
R RISVOLLELVA AS	Class B shares	761,250	35 %

Last update: May 24, 2024

Group structure

HAUGALAND KRAFT AS
Total operating income 2023: NOK 195,337,000
Operating profit 2023: NOK -13,686,000
Employees: 111

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	14,461,201	27,580,462	104,145
Annual Total Result	4,501,802	14,176,474	-236,554
Total assets	87,292,082	89,579,857	82,615,978
Total liabilities	55,254,554	61,065,381	61,317,976
Total equity	32,037,528	28,514,476	21,298,002

P&L

Year	2023	2022	2021
Total operating income	14,461,201	27,580,462	104,145
Total operating costs	5,566,748	7,151,795	407,417
Operating result	8,894,453	20,428,667	-303,272
Financial income/costs	-2,943,235	-2,253,702	-2
Profit before tax	5,951,218	18,174,966	-303,274
Total tax & extraordinary income/cost	1,449,416	3,998,492	-66,720
Annual Total Result	4,501,802	14,176,474	-236,554

Balance overview

Year	2023	2022	2021
Total fixed assets	84,468,139	83,680,239	82,347,213
Total current assets	2,823,943	5,899,618	268,765
Total assets	87,292,082	89,579,857	82,615,978
Short term debt	3,403,738	12,107,713	3,714,009
Long term debt	51,850,816	48,957,669	57,603,967
Total liabilities	55,254,554	61,065,381	61,317,976
Contributed capital	21,750,000	21,750,000	21,750,000
Retained earnings	10,287,528	6,764,476	-451,998
Total equity	32,037,528	28,514,476	21,298,002
Total equity and liabilities	87,292,082	89,579,857	82,615,978

Classification

Category

/ Energy production

Type of organization

Limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

1520

Public incorporated enterprises, owned by local government

Standard industrial classification

D

Main industrial area

Electricity, gas, steam and air conditioning supply

35

Activity

Electricity, gas, steam and air conditioning supply

35.1

Main industrial group

Electric power generation, transmission and distribution

35.11

Industrial group

Production of electricity

35.111

Industrial group

Production of electricity through water power