SOGNEKRAFT PRODUKSJON AS

Operating

Drive verksemd i tilknyting til produksjon og omsetning av energi, samt verksemd som står i samband med dette. Verksemda kan drivast i samarbeid med eller ved deltaking i andre føretak med tilsvarande eller liknande føremål.

Produksjon av elektrisk kraft og andre energiformer som energi frå fjordvarme og liknande, samt eiga og delta i selskap med tilsvarande aktivitet. Konsulent- og driftstenester i sambamd med dette.

Organization

CEO: EH
Erlend Hillestad Bårgard1987
Chairman of the board: TB
Terje Bakke Nævdal1970
Years since formation: 30 years; since Mar 12, 1995
Type: Limited company
VAT registered: Yes
Number of employees: 33

Ownership

Number of shares and share classes: 7,211; 2 share classes
Total number of shareholders: 2; companies
Belongs to group of

Financials

Total operating income 2024: 435,170,000; NOK
Annual total result 2024: 55,692,000; NOK
Total equity 2024: 501,833,000; NOK

Last update: Sep 13, 2025

Management

Management / administration

Name	Role	Shares
EH Erlend Hillestad Bårgard 1987	Managing Director/CEO	-

Board

Name	Role	Shares
TB Terje Bakke Nævdal 1970	Chairman	-
BL Berit Larsen 1965	Deputy Chair	-
DV Dagfinn Vatne 1957	Board Member	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-

Last update: Oct 15, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
S SOGNEKRAFT AS	Class B shares	4,951	68.66 %
S SOGNEKRAFT AS	A-shares	2,260	31.34 %

Shares owned by the SOGNEKRAFT PRODUKSJON AS

Name	Share class	Total number of shares	Share
V VADHEIM KRAFT AS	Ordinary shares	1,000,000	100 %
L LEIKANGER KRAFT AS	Ordinary shares	902,000	100 %
F FEIOS KRAFTVERK AS	Ordinary shares	5,065,100	100 %
O OFFERDAL KRAFTVERK AS	Ordinary shares	17,720,000	80 %
N NYDALSELVA KRAFT AS	Ordinary shares	22,200,000	50 %
K KUVELDA KRAFT AS	Ordinary shares	18,850	47.13 %
S SVELGEN KRAFT HOLDING AS	A-shares	119,445	6.67 %
V VESTAVIND OFFSHORE AS Under liquidation	Ordinary shares	500	1 %

Last update: Jun 2, 2025

Group structure

SOGNEKRAFT AS
Total operating income 2024: NOK 40,279,000
Operating profit 2024: NOK -9,634,000
Employees: 23

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	435,170,000	476,482,000	1,555,207,000	759,332,000
Annual Total Result	55,692,000	86,736,000	252,542,000	167,216,000
Total assets	2,401,936,000	1,506,056,000	1,544,649,000	1,282,078,000
Total liabilities	1,900,103,000	1,045,426,000	1,129,868,000	1,022,200,000
Total equity	501,833,000	460,630,000	414,781,000	259,878,000

P&L

Year	2024	2023	2022	2021
Total operating income	435,170,000	476,482,000	1,555,207,000	759,332,000
Total operating costs	298,845,000	317,306,000	803,590,000	493,293,000
Operating result	136,325,000	159,176,000	751,617,000	266,039,000
Financial income/costs	1,580,000	46,279,000	24,683,000	52,063,000
Profit before tax	137,905,000	205,455,000	776,300,000	318,102,000
Total tax & extraordinary income/cost	82,213,000	118,719,000	523,758,000	150,886,000
Annual Total Result	55,692,000	86,736,000	252,542,000	167,216,000

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	2,262,583,000	1,356,827,000	1,097,924,000	1,201,732,000
Total current assets	139,353,000	149,229,000	446,725,000	80,346,000
Total assets	2,401,936,000	1,506,056,000	1,544,649,000	1,282,078,000
Short term debt	144,292,000	185,610,000	705,495,000	267,521,000
Long term debt	1,755,811,000	859,816,000	424,373,000	754,679,000
Total liabilities	1,900,103,000	1,045,426,000	1,129,868,000	1,022,200,000
Contributed capital	140,291,000	140,291,000	141,555,000	141,554,000
Retained earnings	361,542,000	320,339,000	273,226,000	118,324,000
Total equity	501,833,000	460,630,000	414,781,000	259,878,000
Total equity and liabilities	2,401,936,000	1,506,056,000	1,544,649,000	1,282,078,000

Classification

21st company classification

BETA

Industrial daughter company

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

SOGNEKRAFT PRODUKSJON AS916 069 634