KINGS BAY AS
Operating
Drift, vedlikehold og utvikling av selskapets eiendommer på Svalbard,
bygningsmasse og annen infrastruktur i Ny-Ålesund, herunder et
særskilt ansvar for å ivareta kulturminnene på stedet. Selskapet skal
yte tjenester og tilrettelegge for bruken av infrastrukturen på stedet
til forskning og vitenskapelig virksomhet i Ny-Ålesund, som norsk
forskningsstasjon for internasjonalt forskningssamarbeid i
verdensklasse, på en måte som bidrar til å understøtte de overordnede
målene i norsk svalbardpolitikk. Planmessig utvikling og forvaltning
av bygningsmasse og infrastruktur skal bygge opp under
forskningsstrategien for Ny-Ålesund, og legge til rette for tematiske
sentre knyttet til prioriterte områder med utstyr for felles bruk.
Kings Bay AS yter også administrative tjenester til Bjørnøen AS.
Drift og utnyttelse av selskapets eiendommer på
Svalbard og annen virksomhet som står i forbind-
else med dette.
Organization
- CEO
- HW
- Chairman of the board
- TI
Tor Instanes1972
- Years since formation
- 30 years
- since Mar 12, 1995
- Type
- Limited company
- VAT registered
- No
- Number of employees
- 28
Ownership
- Number of shares and share classes
- 7,000
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2024
- 125,897,702
- NOK
- Annual total result 2024
- -9,422,640
- NOK
- Total equity 2024
- 17,508,146
- NOK
Last update: Nov 13, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
HW | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
TI 1972 | Chairman | - |
HB | Board Member | - |
EB | Board Member | - |
BN | Board Member | - |
LB | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Last update: Jun 26, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 7,000 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income -: NOKOperating profit -: NOKEmployees: 292
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 125,897,702 | 126,032,698 | 102,673,051 | 82,216,617 |
Annual Total Result | -9,422,640 | 5,566,649 | -264,866 | -296,420 |
Total assets | 39,182,132 | 50,661,324 | 39,370,269 | 35,922,186 |
Total liabilities | 21,673,987 | 23,344,695 | 17,620,289 | 13,907,341 |
Total equity | 17,508,146 | 27,316,629 | 21,749,980 | 22,014,846 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 125,897,702 | 126,032,698 | 102,673,051 | 82,216,617 |
Total operating costs | 135,794,947 | 119,973,542 | 102,901,204 | 82,287,405 |
Operating result | -9,897,245 | 6,059,156 | -228,153 | -70,788 |
Financial income/costs | 474,606 | 442,212 | -36,713 | -286,785 |
Profit before tax | -9,422,640 | 6,501,368 | -264,866 | -357,574 |
Total tax & extraordinary income/cost | 0 | 934,719 | 0 | -61,154 |
Annual Total Result | -9,422,640 | 5,566,649 | -264,866 | -296,420 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 20,518 | 194,663 | 99,223 | -23,110 |
Total current assets | 39,161,614 | 50,466,661 | 39,271,046 | 35,945,297 |
Total assets | 39,182,132 | 50,661,324 | 39,370,269 | 35,922,186 |
Short term debt | 20,483,437 | 21,844,743 | 15,827,819 | 10,268,428 |
Long term debt | 1,190,550 | 1,499,952 | 1,792,470 | 3,638,912 |
Total liabilities | 21,673,987 | 23,344,695 | 17,620,289 | 13,907,341 |
Contributed capital | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 |
Retained earnings | 10,508,146 | 20,316,629 | 14,749,980 | 15,014,846 |
Total equity | 17,508,146 | 27,316,629 | 21,749,980 | 22,014,846 |
Total equity and liabilities | 39,182,132 | 50,661,324 | 39,370,269 | 35,922,187 |
Classification
21st company classification
BETA
Industrial large enterprise
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
1120
Public incorporated enterprises, owned by central government