VEST-TELEMARK KRAFTLAG AS • 955996836 • Høydalsmo • Electricity, gas, steam and air conditioning supply

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/ 35.140 Trade of electricity

VEST-TELEMARK KRAFTLAG AS

Keywords

saleselectricityconsumerenergy brokersagentsintermediaries

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: Jun 30, 2025

Management

Management / administration

Name	Role	Shares
KK Ketil Kvaale 1956	Managing Director/CEO	-

Board

Name	Role	Shares
DE Dordi Elise Flom 1963	Board Member	-
MW Magne Wraa 1951	Board Member	-
HA Hallgeir Aarbakk 1981	Board Member	-
ES Erik Skjervagen 1959	Chairman	-
BS Baiba Sheine 1975	Deputy Chair	-
RV Runa Vee Tveit 1980	Board Member	-
TH Torfinn Heggtveit 1973	Board Member	-
JS Jarle Solbu 1961	Board Member	-
EL Elise Lauvrak 1982	Alternate Member	-
AB Anne Birgit Sollid 1970	Alternate Member	-
PS Paul-Willy Setane 1967	Alternate Member	-
IW Irene Wik Aarbakk 1968	Alternate Member	-
KS Knut Seltveit Urbø 1967	Alternate Member	-
ØH Øystein Høgetveit 1950	Alternate Member	-
GS Geir Særsland 1964	Alternate Member	-
RA Rune Aalandslid 1970	Alternate Member	-

Others

Name	Role	Shares
R REVISORTEAM TINN OG VEST-TELEMARK AS	Auditor	-

Last update: Apr 29, 2025

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 HØYDALSMOVEGEN 839 AS	Ordinary shares	118,003	100 %
H HEIBØÅI KRAFTVERK AS	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 %
T TRISET KRAFTVERK AS	Ordinary shares	6,468	21.56 %
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 2023: NOK 23,501,000
Operating profit 2023: NOK -184,000
Employees: 11

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

Category

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

35.14

Industrial group

Trade of electricity

35.140

Industrial group

Trade of electricity