MIDT-TELEMARK KRAFT AS

Operating

Eie og drive kraftverk, salg av kraft, og forvalte selskapets øvrige eiendeler og interesser, herunder fallretter, samt rettigheter til erstatningskraft.

Eie og drive kraftverk, salg av produksjon og forvalte kraftlagets øvrige eiendeler og interesser, kraftlagets tilgodehavender samt rettigheter til erstatningskraft og konsesjons- kraft. Og på den måten sørge for at overskudd til fordeling etter at bestemmelsene i § 13 er oppfylt

Organization

CEO: JA
Jon Arne Mørch Jonassen1960
Chairman of the board: RS
Roar Snippen1963
Years since formation: 31 years; since Mar 12, 1995
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 1,000,000; 2 share classes
Total number of shareholders: 4; companies

Financials

Total operating income 2025: 15,998,577; NOK
Annual total result 2025: 14,743,404; NOK
Total equity 2025: 221,241,119; NOK

Last update: Jul 11, 2026

Management

Management / administration

Name	Role	Shares
JA Jon Arne Mørch Jonassen 1960	Managing Director/CEO	-

Board

Name	Role	Shares
RS Roar Snippen 1963	Chairman	-
AT Audun Thorstensen 1978	Board Member	-
AS Alfhild Stokke 1967	Board Member	-
RW Rønnaug Woxen Thoen 1978	Board Member	-
LH Lars Halvor Ova Johnsen 1977	Alternate Member	-
SN Sandra Næss 1988	Alternate Member	-
BN Benjamin Natanael Selmer 1977	Board Member	-

Others

Name	Role	Shares
T TC NEWCO NORWAY IV AS	Auditor	-

Last update: Jun 30, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
M MIDT-TELEMARK KOMMUNE	Class B shares	344,172	34.42 %
N NOME KOMMUNE	Class B shares	322,828	32.28 %
M MIDT-TELEMARK KOMMUNE	A-shares	171,828	17.18 %
N NOME KOMMUNE	A-shares	161,172	16.12 %

Shares owned by the MIDT-TELEMARK KRAFT AS

Name	Share class	Total number of shares	Share
N NORSJØKRAFT AS	A-shares	2,400	44.44 %

Last update: Jun 2, 2025

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	15,998,577	14,223,999	17,776,000	35,552,000	19,109,200
Annual Total Result	14,743,404	12,740,878	16,652,852	34,590,256	18,364,247
Total assets	257,011,557	255,229,343	259,724,350	267,241,705	253,090,600
Total liabilities	35,770,438	34,731,628	40,667,513	48,937,720	37,888,872
Total equity	221,241,119	220,497,715	219,056,837	218,303,985	215,201,728

P&L

Year	2025	2024	2023	2022	2021
Total operating income	15,998,577	14,223,999	17,776,000	35,552,000	19,109,200
Total operating costs	306,303	321,867	332,885	277,204	314,805
Operating result	15,692,274	13,902,132	17,443,115	35,274,796	18,794,395
Financial income/costs	-948,870	-1,161,254	-790,263	-684,540	-430,148
Profit before tax	14,743,404	12,740,878	16,652,852	34,590,256	18,364,247
Total tax & extraordinary income/cost	0	0	0	0	0
Annual Total Result	14,743,404	12,740,878	16,652,852	34,590,256	18,364,247

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	240,060,000	240,060,000	240,060,000	240,060,000	240,060,000
Total current assets	16,951,557	15,169,343	19,664,350	27,181,705	13,030,600
Total assets	257,011,557	255,229,343	259,724,350	267,241,705	253,090,600
Short term debt	14,020,438	11,481,628	15,917,513	22,687,720	10,138,872
Long term debt	0	23,250,000	24,750,000	26,250,000	27,750,000
Total liabilities	35,770,438	34,731,628	40,667,513	48,937,720	37,888,872
Contributed capital	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000
Retained earnings	220,241,119	219,497,715	218,056,837	217,303,985	214,201,728
Total equity	221,241,119	220,497,715	219,056,837	218,303,985	215,201,728
Total equity and liabilities	257,011,557	255,229,343	259,724,350	267,241,705	253,090,600

Classification

21st company classification

BETA

Individual SMB 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

MIDT-TELEMARK KRAFT AS956 444 764