Fullu skein á fjǫllum
fallsól bráa vallar
Ullar kjóls of allan
aldr Hôkonar skǫldum.
Nús alfrǫðull elfar
jǫtna dolgs of folginn
— rôð eru rammrar þjóðar
rík — í móður líki.
Fallsól vallar bráa Fullu skein á fjǫllum kjóls Ullar skǫldum of allan aldr Hôkonar. Nús alfrǫðull elfar of folginn í líki móður dolgs jǫtna; rôð rammrar þjóðar eru rík.
The setting sun of the plain of the brows of Fulla <goddess> [FOREHEAD > GOLD] shone on the mountains of the ship of Ullr <god> [SHIELD > ARMS/HANDS] of skalds throughout Hákon’s whole lifetime. Now the sun of the river [GOLD] is hidden in the body of the mother of the enemy of the giants [= Þórr > = Jǫrð (jǫrð ‘earth’)]; the resolutions of the mighty people are powerful.