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LNETT AS

LNETT AS980 038 408

Energy distribution
Limited company
Breiflåtveien 18 4017 STAVANGER, Norge

LNETT AS

Lnett - Forsiden

Keywords

operationthe distribution networkmain linesmastsmeterswiring networks

Links

Organization

Chairman of the board
Years since formation
26 years
since Aug 27, 1998
Type
Limited company
VAT registered
Yes
Number of employees
371

Ownership

Number of shares and share classes
100,000
1 share class
Total number of shareholders
1
company
Belongs to group of

Financials

Total operating income 2023
1,723,291,609
NOK
Annual total result 2023
391,598,855
NOK
Total equity 2023
2,349,225,120
NOK
Last update: Oct 14, 2024

Management

Management / administration

NameRoleShares
Managing Director/CEO-

Board

NameRoleShares
Deputy Chair-
Board Member-
Alternate Member-
Alternate Member-
Board Member-
Chairman-
Board Member-
Board Member-
Board Member-
Board Member-
Alternate Member-

Others

NameRoleShares
D
DELOITTE AS
Auditor-
Last update: Apr 29, 2024

Ownership

Company shareholders

NameShare classNumber of sharesShare
L
LYSE AS
Ordinary shares
100,000
100 %

Shares owned by the LNETT AS

NameShare classNumber of sharesShare
E
ELBITS AS
Ordinary shares
1
10 %
R
REN AS
Ordinary shares
11
2.56 %
Last update: May 24, 2024

Group structure

  • Total operating income 2023: NOK 675,641,000
    Operating profit 2023: NOK -323,188,000
    Employees: 183

Financials

in NOK

Summary

Year202320222021
Total operating income
1,723,291,609
1,636,700,000
1,446,748,000
Annual Total Result
391,598,855
111,195,000
93,972,000
Total assets
8,355,816,771
6,925,538,000
6,415,338,000
Total liabilities
6,006,591,651
5,355,596,000
5,002,561,000
Total equity
2,349,225,120
1,569,942,000
1,412,777,000

P&L

Year202320222021
Total operating income
1,723,291,609
1,636,700,000
1,446,748,000
Total operating costs
1,058,370,167
1,416,027,000
1,283,381,000
Operating result
664,921,442
220,673,000
163,368,000
Financial income/costs
-157,184,069
-77,703,000
-42,840,000
Profit before tax
507,737,373
142,971,000
120,528,000
Total tax & extraordinary income/cost
116,138,518
31,776,000
26,556,000
Annual Total Result
391,598,855
111,195,000
93,972,000

Balance overview

Year202320222021
Total fixed assets
7,343,829,672
6,544,492,000
5,502,673,000
Total current assets
1,011,987,099
381,046,000
912,665,000
Total assets
8,355,816,771
6,925,538,000
6,415,338,000
Short term debt
727,035,066
1,346,081,000
1,236,611,000
Long term debt
5,279,556,586
4,009,515,000
3,765,950,000
Total liabilities
6,006,591,651
5,355,596,000
5,002,561,000
Contributed capital
1,630,797,370
1,170,873,000
1,170,873,000
Retained earnings
718,427,750
399,069,000
241,904,000
Total equity
2,349,225,120
1,569,942,000
1,412,777,000
Total equity and liabilities
8,355,816,771
6,925,538,000
6,415,338,000

Classification

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
35.13
Industrial group
Distribution of electricity
35.130
Industrial group
Distribution of electricity