EFFECTUATION CAPITAL AS

Operating

Direkte, eller gjennom datterselskaper, å investere i fast eiendom, aksjer, verdipapirer, samt virksomhet som står i forbindelse med dette.

Holdingselskap.

Organization

Chairman of the board: HS
Håvard Skarnagel Hansen1976
Years since formation: 3 years; since Nov 14, 2023
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 30,000; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Annual total result 2025: -567,718; NOK

Last update: Oct 16, 2026

Management

Board

Name	Role	Shares
HS Håvard Skarnagel Hansen 1976	Chairman	50 % indirectly
BS Bjarte Skarnagel Hansen 1983	Board Member	50 % indirectly

Others

Name	Role	Shares
C COLLEGIUM REVISJON AS	Auditor	-
F FORMUE ACCOUNTING AS	Accountant	-
C COMPLÉR ACCOUNTING AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
BS Bjarte Skarnagel Hansen 1983	Board Member	50 % indirectly
HS Håvard Skarnagel Hansen 1976	Chairman	50 % indirectly

Last update: Oct 16, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
E EFFECTUATION AS	Ordinary shares	30,000	100 %

Shares owned by the EFFECTUATION CAPITAL AS

Name	Share class	Total number of shares	Share
H HARDANGER HOUSE DRIFT AS	Ordinary shares	30,800	99.35 %
H HARDANGERFJORD ADVENTURE AS	Ordinary shares	55	27.09 %
B BALDER GRUPPEN AS	A-shares	59,714,286	18.09 %
V VMIN 5 AS	Ordinary shares	374,999,982	9.4 %
P PICKATALE AS	Ordinary shares	445,000	3.18 %
D DUALOG HOLDING AS	Ordinary shares	1,442	2.55 %
N NECON AS	Ordinary shares	77,720	2.5 %
S SECURE-NOK CORP AS	Ordinary shares	85,000	2.38 %
H HARDANGERBADET EIGEDOM AS	Ordinary shares	85	1.4 %
R RADIO SOTRA AS	Class B shares	20	0.77 %
B Bonheur ASA	Ordinary shares	20,000	0.05 %
Y YARA INTERNATIONAL ASA	Ordinary shares	39,972	0.02 %
W WILSON ASA	Ordinary shares	1,000	< 0.01 %
A AKER ASA	Ordinary shares	10,000	< 0.01 %
E ELKEM ASA	Ordinary shares	10,000	< 0.01 %
S STOREBRAND ASA	Ordinary shares	3,350	< 0.01 %
K KONGSBERG GRUPPEN ASA	Ordinary shares	24,570	< 0.01 %
S SALMAR ASA	Ordinary shares	20,000	< 0.01 %
D DNB BANK ASA	Ordinary shares	1,879	< 0.01 %
A AKER BP ASA	Ordinary shares	35,800	< 0.01 %
P PANORO ENERGY ASA	Ordinary shares	1,300	< 0.01 %
G GJENSIDIGE FORSIKRING ASA	Ordinary shares	3,880	< 0.01 %
B BORREGAARD ASA	Ordinary shares	10,000	< 0.01 %

Last update: Sep 25, 2026

Group structure

EFFECTUATION AS
Total operating income 2025: NOK 0
Operating profit 2025: NOK -75,108
Employees: 0

Financials

in NOK

Summary

Year	2025	2024	2023
Total operating income	0	2,254,350	0
Annual Total Result	-567,718	38,103,255	-7,102
Total assets	0	702,361,499	22,898
Total liabilities	0	18,120,054	0
Total equity	0	684,241,445	22,898

P&L

Year	2025	2024	2023
Total operating income	0	2,254,350	0
Total operating costs	6,462,840	4,395,138	7,188
Operating result	-6,462,840	-2,140,788	-7,188
Financial income/costs	5,895,122	43,777,290	86
Profit before tax	-567,718	41,636,502	-7,102
Total tax & extraordinary income/cost	0	3,533,247	0
Annual Total Result	-567,718	38,103,255	-7,102

Balance overview

Year	2024	2023
Total fixed assets	518,917,273	0
Total current assets	183,444,226	22,898
Total assets	702,361,499	22,898
Short term debt	16,839,239	0
Long term debt	1,280,815	0
Total liabilities	18,120,054	0
Contributed capital	684,241,445	30,000
Retained earnings	0	-7,102
Total equity	684,241,445	22,898
Total equity and liabilities	702,361,499	22,898

Classification

21st company classification

BETA

Small company

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

EFFECTUATION CAPITAL AS932 450 909