VEST-TELEMARK KRAFTLAG AS
Organization
- CEO
- KK
Ketil Kvaale1956
- Chairman of the board
- ES
Erik Skjervagen1959
- Years since formation
- 30 years
- since Mar 12, 1995
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 5
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 2024
- 364,026,000
- NOK
- Annual total result 2024
- 57,698,000
- NOK
- Total equity 2024
- 241,490,000
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
KK 1956 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
MW 1951 | Board Member | - |
ES 1959 | Chairman | - |
RV 1980 | Board Member | - |
TH | Board Member | - |
JS 1961 | Board Member | - |
AB | Alternate Member | - |
KS | Alternate Member | - |
GS 1964 | Alternate Member | - |
RA 1970 | Alternate Member | - |
DE 1963 | Deputy Chair | - |
PD 1963 | Board Member | - |
RS 1977 | Board Member | - |
AK | Alternate Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Last update: Sep 5, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 100,000 | 100 % |
Shares owned by the VEST-TELEMARK KRAFTLAG AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 118,003 | 100 % | |
| Ordinary shares | 300 | 100 % | |
| Ordinary shares | 100 | 100 % | |
| Ordinary shares | 8,000 | 80 % | |
| Ordinary shares | 7,500 | 50 % | |
| Ordinary shares | 6,468 | 21.56 % | |
| Ordinary shares | 9,126 | 18.25 % | |
| Ordinary shares | 5 | 0.11 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 25,649,000Operating profit 2024: NOK 1,603,000Employees: 12
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 364,026,000 | 347,593,000 | 509,991,000 | 274,115,000 |
Annual Total Result | 57,698,000 | 76,226,000 | 106,770,000 | 73,218,000 |
Total assets | 566,644,000 | 566,581,000 | 649,763,000 | 448,526,000 |
Total liabilities | 325,154,000 | 349,044,000 | 476,944,000 | 324,275,000 |
Total equity | 241,490,000 | 217,538,000 | 172,820,000 | 124,251,000 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 364,026,000 | 347,593,000 | 509,991,000 | 274,115,000 |
Total operating costs | 221,219,000 | 145,930,000 | 248,652,000 | 120,145,000 |
Operating result | 142,807,000 | 201,663,000 | 261,339,000 | 153,970,000 |
Financial income/costs | 2,190,000 | 1,262,000 | -703,000 | -1,864,000 |
Profit before tax | 144,997,000 | 202,925,000 | 260,636,000 | 152,106,000 |
Total tax & extraordinary income/cost | 87,299,000 | 126,699,000 | 153,866,000 | 78,888,000 |
Annual Total Result | 57,698,000 | 76,226,000 | 106,770,000 | 73,218,000 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 477,173,000 | 467,645,000 | 283,529,000 | 270,909,000 |
Total current assets | 89,471,000 | 98,936,000 | 366,234,000 | 177,617,000 |
Total assets | 566,644,000 | 566,581,000 | 649,763,000 | 448,526,000 |
Short term debt | 164,874,000 | 191,958,000 | 320,818,000 | 171,664,000 |
Long term debt | 160,280,000 | 157,086,000 | 156,126,000 | 152,611,000 |
Total liabilities | 325,154,000 | 349,044,000 | 476,944,000 | 324,275,000 |
Contributed capital | 156,842,000 | 143,192,000 | 132,740,000 | 100,940,000 |
Retained earnings | 84,648,000 | 74,346,000 | 40,080,000 | 23,311,000 |
Total equity | 241,490,000 | 217,538,000 | 172,820,000 | 124,251,000 |
Total equity and liabilities | 566,644,000 | 566,582,000 | 649,764,000 | 448,526,000 |
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