KVEMMA KRAFT AS • 911959178 • Bergen • Electricity, gas, steam and air conditioning supply

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/ Energy production

/ 35.111 Production of electricity through water power

KVEMMA KRAFT AS

Keywords

generationelectricityhydroturbines

Organization

CEO: FF
Frode Fredheim1972
Chairman of the board: TA
Terje Aarestad Christensen Vedeler1960
Years since formation: 12 years; since May 16, 2013
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 1,000; 1 share class
Total number of shareholders: 2; companies
Belongs to group of

Financials

Total operating income 2024: 4,525,762; NOK
Annual total result 2024: -815,106; NOK
Total equity 2024: 29,727,474; NOK

Last update: May 28, 2025

Management

Management / administration

Name	Role	Shares
FF Frode Fredheim 1972	Managing Director/CEO	-

Board

Name	Role	Shares
TA Terje Aarestad Christensen Vedeler 1960	Chairman	-
FF Frode Fredheim 1972	Board Member	-
ØB Ørjan Bøyum 1982	Board Member	-
BS Bjarte Skår 1974	Board Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-
B BDO AS	Accountant	-

Last update: Jul 4, 2024

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
S SMÅKRAFT AS	Ordinary shares	660	66 %
L LÆRDAL ENERGI FORNYBAR AS	Ordinary shares	340	34 %

Last update: Jun 2, 2025

Group structure

SMÅKRAFT AS
Total operating income 2023: NOK 86,770,000
Operating profit 2023: NOK 65,779,000
Employees: 51

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	4,525,762	6,046,663	21,579,526	6,380,274
Annual Total Result	-815,106	1,023,925	11,996,113	1,356,808
Total assets	59,334,178	62,666,163	65,873,496	67,969,408
Total liabilities	29,606,704	32,123,582	35,354,841	48,446,864
Total equity	29,727,474	30,542,580	30,518,656	19,522,543

P&L

Year	2024	2023	2022	2021
Total operating income	4,525,762	6,046,663	21,579,526	6,380,274
Total operating costs	3,780,103	3,504,328	4,579,585	3,537,567
Operating result	745,659	2,542,335	16,999,941	2,842,707
Financial income/costs	-1,790,667	-1,210,363	-1,619,561	-1,102,592
Profit before tax	-1,045,008	1,331,972	15,380,381	1,740,115
Total tax & extraordinary income/cost	-229,902	308,047	3,384,268	383,307
Annual Total Result	-815,106	1,023,925	11,996,113	1,356,808

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	57,666,528	58,357,424	60,072,635	61,843,308
Total current assets	1,667,651	4,308,738	5,800,861	6,126,100
Total assets	59,334,178	62,666,163	65,873,496	67,969,408
Short term debt	606,704	2,123,582	5,891,580	983,604
Long term debt	29,000,000	30,000,000	29,463,260	47,463,260
Total liabilities	29,606,704	32,123,582	35,354,841	48,446,864
Contributed capital	20,278,375	20,278,375	20,278,375	20,278,375
Retained earnings	9,449,099	10,264,206	10,240,281	-755,832
Total equity	29,727,474	30,542,580	30,518,656	19,522,543
Total equity and liabilities	59,334,178	62,666,163	65,873,496	67,969,408

Classification

Category

/ Energy production

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

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