Organization
- CEO
- NM
- Chairman of the board
- OF
Olav Fjell1951
- Years since formation
- 30 years
- since Feb 20, 1995
- Type
- Foundation
- VAT registered
- Yes
- Number of employees
- 537
Financials
- Total operating income 2024
- 1,217,619,000
- NOK
- Annual total result 2024
- 36,658,000
- NOK
- Total equity 2024
- 426,174,000
- NOK
Last update: Sep 13, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
NM | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
OF 1951 | Chairman | - |
JD 1956 | Board Member | - |
MI | Board Member | - |
SS | Board Member | - |
BB | Board Member | - |
CB 1971 | Board Member | - |
| Alternate Member | - | |
JH | Board Member | - |
| Alternate Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Last update: Mar 29, 2025
Ownership
Shares owned by the INSTITUTT FOR ENERGITEKNIKK STI
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 30,000 | 100 % | |
| Ordinary shares | 90,000 | 100 % | |
| Ordinary shares | 10,000 | 33.33 % | |
| Ordinary shares | 77,548 | 11.83 % | |
| A-shares | 10,000 | 0.66 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 1,217,619,000Operating profit 2024: NOK 20,799,000Employees: 537
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 1,217,619,000 | 1,113,542,000 | 1,257,805,000 | 1,144,037,000 |
Annual Total Result | 36,658,000 | 7,309,000 | -15,070,000 | 24,966,000 |
Total assets | 1,019,670,000 | 934,753,000 | 869,770,000 | 860,672,000 |
Total liabilities | 593,496,000 | 545,237,000 | 487,563,000 | 463,395,000 |
Total equity | 426,174,000 | 389,516,000 | 382,207,000 | 397,277,000 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 1,217,619,000 | 1,113,542,000 | 1,257,805,000 | 1,144,037,000 |
Total operating costs | 1,196,820,000 | 1,120,018,000 | 1,275,640,000 | 1,119,327,000 |
Operating result | 20,799,000 | -6,476,000 | -17,835,000 | 24,710,000 |
Financial income/costs | 15,859,000 | 13,785,000 | 2,765,000 | 256,000 |
Profit before tax | 36,658,000 | 7,309,000 | -15,070,000 | 24,966,000 |
Total tax & extraordinary income/cost | 0 | 0 | 0 | 0 |
Annual Total Result | 36,658,000 | 7,309,000 | -15,070,000 | 24,966,000 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 464,156,000 | 397,072,000 | 298,692,000 | 280,851,000 |
Total current assets | 555,514,000 | 537,681,000 | 571,078,000 | 579,821,000 |
Total assets | 1,019,670,000 | 934,753,000 | 869,770,000 | 860,672,000 |
Short term debt | 509,303,000 | 475,957,000 | 473,214,000 | 450,501,000 |
Long term debt | 84,193,000 | 69,280,000 | 14,349,000 | 12,894,000 |
Total liabilities | 593,496,000 | 545,237,000 | 487,563,000 | 463,395,000 |
Contributed capital | 18,000,000 | 18,000,000 | 18,000,000 | 18,000,000 |
Retained earnings | 408,174,000 | 371,516,000 | 364,207,000 | 379,277,000 |
Total equity | 426,174,000 | 389,516,000 | 382,207,000 | 397,277,000 |
Total equity and liabilities | 1,019,670,000 | 934,753,000 | 869,770,000 | 860,672,000 |
Classification
Type of organization
Foundation
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2500
Private non-profit institutions serving enterprises