Polar Hotell & Restaurantdrift AS

Operating

Drift av hoteller, restauranter, kurs og konferansesentre, eie og leie ut eiendom samt annen virksomhet i tilknytning til dette, herunder å delta i andre selskaper med lignende virksomhet.

Drive med hotell- og restaurantvirksomhet samt hva hermed står i forbindelse, herunder å delta i and- re selskaper med lignende virksomhet.

Organization

Chairman of the board: MT
Morten Thorvaldsen1957
Years since formation: 31 years; since Mar 12, 1995
Type: Limited company
VAT registered: Yes
Number of employees: 221

Ownership

Number of shares and share classes: 100; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Total operating income 2025: 342,874,188; NOK
Annual total result 2025: -25,154,691; NOK
Total equity 2025: 29,499,787; NOK

Last update: Jun 13, 2026

Management

Board

Name	Role	Shares
MT Morten Thorvaldsen 1957	Chairman	-
T THON GRUPPEN AS	Business Manager	-
GT Geir Tore Thorvaldsen 1968	Board Member	-
AH Annette Hofgaard 1975	Board Member	-

Others

Name	Role	Shares
B BDO AS	Auditor	-
T THON GRUPPEN AS	Accountant	-

Last update: May 24, 2024

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
T THON HOTELS AS	Ordinary shares	100	100 %

Shares owned by the Polar Hotell & Restaurantdrift AS

Name	Share class	Total number of shares	Share
D DESTINATION LOFOTEN AS	Ordinary shares	120	5.03 %
L LOFOTEN UTVIKLING AS	Class B shares	13	0.02 %

Last update: Jun 2, 2025

Group structure

OLAV THON STIFTELSEN
Total operating income 2024: NOK 0
Operating profit 2024: NOK -26,213,105
Employees: 0

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	342,874,188	330,041,892	289,888,790	247,540,812	153,346,367
Annual Total Result	-25,154,691	-31,389,080	-29,754,847	-23,133,631	-32,017,702
Total assets	144,732,680	161,628,545	218,343,242	191,298,872	176,261,490
Total liabilities	115,232,893	134,914,067	185,729,684	178,850,467	171,879,454
Total equity	29,499,787	26,714,478	32,613,558	12,448,405	4,382,036

P&L

Year	2025	2024	2023	2022	2021
Total operating income	342,874,188	330,041,892	289,888,790	247,540,812	153,346,367
Total operating costs	370,419,391	363,402,121	321,150,786	273,787,236	193,044,171
Operating result	-27,545,202	-33,360,229	-31,261,995	-26,246,424	-39,697,805
Financial income/costs	-4,517,350	-6,671,793	-6,560,181	-3,305,479	-1,286,667
Profit before tax	-32,062,553	-40,032,022	-37,822,176	-29,551,903	-40,984,471
Total tax & extraordinary income/cost	-6,907,862	-8,642,942	-8,067,329	-6,418,272	-8,966,769
Annual Total Result	-25,154,691	-31,389,080	-29,754,847	-23,133,631	-32,017,702

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	87,460,685	106,555,802	137,707,071	133,318,817	107,824,408
Total current assets	57,271,996	55,072,743	80,636,171	57,980,055	68,437,083
Total assets	144,732,680	161,628,545	218,343,242	191,298,872	176,261,490
Short term debt	115,232,893	134,914,067	185,729,684	178,850,467	171,879,454
Long term debt	0	0	0	0	0
Total liabilities	115,232,893	134,914,067	185,729,684	178,850,467	171,879,454
Contributed capital	29,499,787	26,714,478	32,613,558	12,448,405	4,382,036
Retained earnings	0	0	0	0	0
Total equity	29,499,787	26,714,478	32,613,558	12,448,405	4,382,036
Total equity and liabilities	144,732,680	161,628,545	218,343,242	191,298,872	176,261,490

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

2100

Private non-financial incorporated enterprises

Polar Hotell & Restaurantdrift AS938 050 910