VEST-TELEMARK KRAFTLAG AS

Operating

Utbygging og drift av produksjonsanlegg for energi. Omsetning av energi. Utbygging og drift av breibandnett. Rådgjeving, konsulentverksemd, tenesteyting og anna verksemd som har tilknyting til dei nemnde føremål. Desse arbeidsområda kan organiserast som dotterselskap. Selskapet kan også vera deltakar i andre selskap innanfor desse og tilgrensande område.

Kraftlag

Organization

CEO: HA
Hallgeir Aarbakk1981
Chairman of the board: ES
Erik Skjervagen1959
Years since formation: 31 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 2025: 406,969,000; NOK
Annual total result 2025: 92,886,000; NOK
Total equity 2025: 280,815,000; NOK

Last update: Aug 8, 2026

Management

Management / administration

Name	Role	Shares
HA Hallgeir Aarbakk 1981	Managing Director/CEO	-

Board

Name	Role	Shares
ES Erik Skjervagen 1959	Chairman	-
KR Kevin Rue 1978	Board Member	-
SS Stian Stykket 1999	Alternate Member	-
MW Magne Wraa 1951	Board Member	-
RV Runa Vee Tveit 1980	Board Member	-
TH Torfinn Heggtveit 1973	Alternate Member	-
JS Jarle Solbu 1961	Board Member	-
AB Anne Birgit Sollid 1970	Alternate Member	-
KS Knut Seltveit Urbø 1967	Alternate Member	-
DE Dordi Elise Flom 1963	Board Member	-
PD Per Dehli 1963	Board Member	-
RS Ragnhild Sølberg 1977	Board Member	-
AK Aud Kirsten Jonskås 1957	Alternate Member	-

Others

Name	Role	Shares
C CEDRA NORGE BOREALIS AS	Auditor	-

Last update: Jul 22, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
V VEST-TELEMARK KRAFTLAG HOLDING AS	Ordinary shares	100,000	100 %

Shares owned by the VEST-TELEMARK KRAFTLAG AS

Name	Share class	Total number of shares	Share
H HEIBØÅI KRAFTVERK AS Closed	Ordinary shares	300	100 %
N NAURAK KRAFTVERK AS	Ordinary shares	100	100 %
B BIRTEDALEN KRAFTVERK AS	Ordinary shares	8,000	80 %
G GLOMSDAM KRAFTVERK AS	Ordinary shares	7,500	50 %
G GRUNNÅI KRAFTVERK AS	Ordinary shares	9,126	18.25 %
V VEST-TELEMARK BLAD AS	Ordinary shares	5	0.11 %

Last update: Jun 2, 2025

Group structure

VEST-TELEMARK KRAFTLAG HOLDING AS
Total operating income 2025: NOK 26,008,000
Operating profit 2025: NOK 2,771,000
Employees: 11

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	406,969,000	364,026,000	347,593,000	509,991,000	274,115,000
Annual Total Result	92,886,000	57,698,000	76,226,000	106,770,000	73,218,000
Total assets	629,452,000	566,644,000	566,581,000	649,763,000	448,526,000
Total liabilities	348,637,000	325,154,000	349,044,000	476,944,000	324,275,000
Total equity	280,815,000	241,490,000	217,538,000	172,820,000	124,251,000

P&L

Year	2025	2024	2023	2022	2021
Total operating income	406,969,000	364,026,000	347,593,000	509,991,000	274,115,000
Total operating costs	228,098,000	221,219,000	145,930,000	248,652,000	120,145,000
Operating result	178,871,000	142,807,000	201,663,000	261,339,000	153,970,000
Financial income/costs	3,233,000	2,190,000	1,262,000	-703,000	-1,864,000
Profit before tax	182,104,000	144,997,000	202,925,000	260,636,000	152,106,000
Total tax & extraordinary income/cost	89,218,000	87,299,000	126,699,000	153,866,000	78,888,000
Annual Total Result	92,886,000	57,698,000	76,226,000	106,770,000	73,218,000

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	486,248,000	477,173,000	467,645,000	283,529,000	270,909,000
Total current assets	143,204,000	89,471,000	98,936,000	366,234,000	177,617,000
Total assets	629,452,000	566,644,000	566,581,000	649,763,000	448,526,000
Short term debt	188,080,000	164,874,000	191,958,000	320,818,000	171,664,000
Long term debt	160,557,000	160,280,000	157,086,000	156,126,000	152,611,000
Total liabilities	348,637,000	325,154,000	349,044,000	476,944,000	324,275,000
Contributed capital	156,842,000	156,842,000	143,192,000	132,740,000	100,940,000
Retained earnings	123,973,000	84,648,000	74,346,000	40,080,000	23,311,000
Total equity	280,815,000	241,490,000	217,538,000	172,820,000	124,251,000
Total equity and liabilities	629,452,000	566,644,000	566,582,000	649,764,000	448,526,000

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

1520

Public incorporated enterprises, owned by local government

VEST-TELEMARK KRAFTLAG AS955 996 836