278982
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278982
Decline in oil and gas extraction leads to lower operating profit
statistikk
2016-12-20T08:00:00.000Z
Public sector;Public sector
en
offregn, Public corporations, accounts, central government corporations, local government corporations, central government quasi-corporations, profit and loss account, balance sheet, accounts by industryLocal government finances , Central government finances , Public sector
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Public corporations, corperation, public,accounting, operating profit, profit, balance sheet

Public corporations, accounts

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Key figures

11.45 %

operating profit in per cent of operating income

Public non-financial corporations, with out central government enterprises. Selected key figures.
201520142013
Operating profit margin. Per cent11.4518.9322.74
Operating margin. Per cent9.196.0327.20
Return on total assets. Per cent7.4011.5714.47
Return on equity. Per cent0.06-4.8310.20
Equity ratio. Per cent44.7548.2551.20
Current ratio1.021.001.00
Ratio of fixed assets to long term capital1.001.001.00
Debt-to-equity ratio1.231.070.95

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Table 1 
Public non-financial corporations. Income statement. Selected accounting figures. NOK million and share.

Public non-financial corporations. Income statement. Selected accounting figures. NOK million and share.
201520142013
NOK millionShareNOK millionShareNOK millionShare
Income Statement
Operating income1 015 615100.01 236 588100.01 325 080100.0
Revenue906 43089.21 114 85890.21 208 01991.2
Special public taxes-1040.0-1550.08 3880.6
Public subsidies7 7570.815 5591.317 2511.3
Income from rent, real property and other income from rent12 8451.312 6181.012 4570.9
Profit on disposals (sale etc.) of fixed assets13 1801.38 2900.715 2501.2
Other operating income75 3007.485 1096.980 5216.1
 
Operating expenses828 59781.6917 43274.2937 80570.8
Raw materials and consumables used384 05437.8491 06039.7524 39739.6
Payroll expense96 1189.595 5987.7100 3997.6
Depreciation and amortisation expense128 42112.6108 9728.8102 3497.7
Other operating expenses220 00321.7221 80317.9210 65915.9
 
Operating profit187 01818.4319 15625.8387 31529.2
 
Financial income135 76313.4162 44513.1184 61313.9
Financial expense159 99015.8303 41024.5131 2259.9
 
Operating result before tax162 79016.0178 19014.4431 63532.6
 
Tax77 0467.6134 23610.9151 51811.4
 
Operating result85 7458.443 9523.6280 11821.1
 
Net extraordinary income-3 126.0-0.3-798.0-0.1-2 885.0-0.2
 
Net profit for the year84 8318.440 3993.3276 54020.9

Table 2 
Public non-financial corporations. Balance sheet. Selected accounting figures. NOK million and share.

Public non-financial corporations. Balance sheet. Selected accounting figures. NOK million and share.
201520142013
NOK millionShareNOK millionShareNOK millionShare
Balance Sheet
Fixed Assets2 629 26081.32 649 99480.02 594 99981.8
Intangible fixed assets110 6693.4113 1603.4100 3603.2
Tangible fixed assets959 59229.7985 71029.8916 77128.9
Building and plants542 00216.7546 58116.5495 70615.6
Plant under construction45 9941.446 1541.4109 9913.5
Houses, land and other real property17 6030.518 3020.617 1410.5
Veicles, machinery and equipment etc55 3371.760 0041.857 7491.8
Other fixed assets298 6569.2314 6699.5236 1847.4
Financial fixed assets1 553 19548.01 544 18546.61 573 91149.6
Investments in group companies/subsidiaries1 199 43737.11 260 53938.11 207 53838.1
Investments in associated companies58 7841.873 2472.2142 7624.5
Loans to group companies, associated companies and joint ventures225 7717.0158 5754.8171 1685.4
Investments in shares and bonds21 9660.718 9310.620 5940.6
Other receivables47 2371.532 8931.031 8491.0
 
Current Assets606 67518.7660 74920.0578 07118.2
Inventories30 6610.933 3561.034 4801.1
Debtors345 80610.7399 28512.1351 96211.1
Account receivable from customers and earned , not invoiced operating income94 9732.9117 2083.5123 7443.9
Receivables from group companies203 3626.3203 7906.2188 9486.0
Other receivables47 4711.578 2872.439 2701.2
Investments97 6003.083 7312.547 1231.5
Cash and bank deposits132 6064.1144 3264.4144 4494.6
 
Assets3 235 936100.03 310 742100.03 173 069100.0
 
Equity1 498 47346.31 640 74249.61 667 08952.5
Invested equity871 17426.91 027 54631.01 033 21632.6
Share capital433 95713.4644 32519.5597 43718.8
Share premium reserve324 78810.0278 4378.4368 44811.6
Invested other equity112 4293.5104 7843.267 3312.1
Retained earnings627 30919.4613 20718.5633 88720.0
Reserve for valuation variances45 7001.4116 4763.5110 2523.5
Other equity616 55219.1604 79918.3552 80417.4
Uncovered losses-34 943-1.1-108 068-3.3-29 169-0.9
 
Long term liabilities1 155 17935.71 019 85430.8944 43329.8
Provisions286 5008.9376 41711.4261 9098.3
Bonds301 2799.3275 4238.3253 1088.0
Financial institutions144 2134.5122 2993.7126 3024.0
Liabilities to group companies231 9187.292 7652.8191 0286.0
Financial liabilities10 8920.312 0390.411 5970.4
Other long term liabilities180 3755.6140 9044.3100 4913.2
 
Current liabilities582 22318.0650 14719.6561 52717.7
Financial institutions53 0971.658 8741.835 7691.1
Trade creditors39 3601.245 4261.456 4511.8
Public duties and tax payable41 3021.358 1661.872 6782.3
Dividends payable32 7421.034 3541.034 5781.1
Liabilities to group companies303 6799.4307 9239.3238 2247.5
Other short term liabilities103 3043.2130 3833.9120 2763.8
 
Equity and liabilities3 235 875100.03 310 743100.03 173 055100.0

Table 3 
Public non-financial corporations. Income statement and balance sheet by section. Selected accounting figures. NOK million.

Public non-financial corporations. Income statement and balance sheet by section. Selected accounting figures. NOK million.
Agriculture, forestry and fishingMining and quarryingManufacturingElectricity, gas, steam and air conditioning supplyWater supply, sewerage, wasteConstructionWholesale and retail trade: repair of motor vehicles and motorcyclesTransportation and storageAccommodation and food service activitiesInformation and communicationReal estate activitiesProfessional, scientific and technical activitiesAdministrative and support service activitiesPublic administration and defenceEducationHuman health and social work activitiesArts, entertainment and recreationOther sectionsIn total
2015
Income Statement
Operating income962663 51324 07790 1265 48912 70421 93380 21322054 4705 58116 9141 852531526 82530 415114.01 015 613
Revenue819605 08722 93485 0085 11910 40921 49965 20416850 2237304 0071 296531023 68830 02361.0906 430
Other operating income3956 9831 0894 3361296354203 444263 0655651 3463860172 7395329.075 301
 
Operating expenses899543 61815 30369 7755 02111 66521 70668 84021546 7413 3266 9281 632421446 61225 972159.0828 598
Raw materials and consumables used342294 2545 75729 1821 4732 96918 47515 2063114 16616251838930191 0214613384 053
Payroll expense15430 9845 40010 8371 1263 3342 01722 9097411 2754452 8215040643 4986254996 116
Depreciation and amortisation expense15105 516-2 86110 5194626611655 51175 9251 1386361121042353576128 418
Other operating expenses387112 8637 00619 2381 9604 6991 04925 21510215 3731 5822 9556271561 85824 94392220 006
 
Operating profit63119 8958 77420 3514681 03922811 37467 7302 2559 9862201282114 444-45187 019
 
Operating result before tax795 6658 63528 7873362 7492629 1356-4 8332 98713 994235771724 471167162 789
 
Net profit for the year633 7558 45520 0282672 5482315 8094-6 7042 62412 773192751724 46818984 829
 
Balance Sheet
Assets2 5521 729 10736 762770 0929 52439 3778 957191 920123319 02167 30437 2894 8739801015 6967 1195 1393 235 936
Fixed Assets2 1901 374 38118 552679 4397 35826 4973 492155 89452275 08659 18013 8042 109870553 1342 3594 8092 629 261
Current Assets362354 72718 21090 6522 16612 8805 46336 0266943 9358 12423 4852 764111462 5624 761331606 674
 
Equity and liabilities2 5521 729 10736 762770 0909 52539 3758 957191 866123319 02067 30237 2894 8739801015 6967 1195 1393 235 876
Equity2 143787 23312 606373 6452 08818 6832 54949 45046192 08031 93917 7741 099570603 1775732 7591 498 474
Long term liabilities239642 7696 586269 3405 87013 5342 708106 6161469 67626 9384 0981 579400171 4961 2472 0481 155 175
Current liabilities170299 10417 570127 1071 5677 1573 70135 8006157 2648 42515 4152 19410241 0225 300332582 223

Table 4 
Central government corporations. Income statement. Selected accounting figures. NOK million and share.

Central government corporations. Income statement. Selected accounting figures. NOK million and share.
201520142013
NOK millionShareNOK millionShareNOK millionShare
Income Statement
Operating income713 162100.0910 742100.0975 011100.0
Revenue624 35087.5812 51289.2884 89190.8
Special public taxes-110.0-130.08 5390.9
Public subsidies4 6040.65 1410.64 9320.5
Income from rent, real property and other income from rent9 4431.39 0121.09 3241.0
Profit on disposals (sale etc.) of fixed assets12 7571.87 4080.814 7361.5
Other operating income61 9978.776 6568.469 7067.1
 
Operating expenses636 73189.3736 37680.9746 04076.5
Raw materials and consumables used333 02246.7443 23648.7468 60248.1
Payroll expense72 40710.273 4918.176 0817.8
Depreciation and amortisation expense82 04111.573 5498.167 5656.9
Other operating expenses149 26020.9146 10016.0133 79113.7
 
Operating profit76 43110.7174 36619.1229 01223.5
 
Financial income110 11715.4136 06914.9164 90816.9
Financial expense130 47818.3272 49629.997 70210.0
 
Operating result before tax56 0697.937 9384.2287 15029.5
 
Tax71 25810.0127 62914.0142 82714.6
 
Operating result-15 189-2.1-89 692-9.8144 32314.8
 
Net extraordinary income-1240.0-1300.0-720.0
 
Net profit for the year-13 413-1.9-92 460-10.2143 66114.7

Table 5 
Central government corporations. Balance sheet. Selected accounting figures.

Central government corporations. Balance sheet. Selected accounting figures.
201520142013
NOK millionShareNOK millionShareNOK millionShare
Balance Sheet
Fixed Assets1 937 60279.51 962 86278.21 963 68281.1
Intangible fixed assets51 6892.153 6722.146 5291.9
Tangible fixed assets520 89621.4542 25321.6512 51421.2
Buildings and plants174 5987.2175 1837.0160 3426.6
Plant under construction32 8801.333 6131.397 4524.0
Houses, land and other real property6 4570.36 6300.36 1930.3
Veicles, machinery and equipment etc.34 9821.435 6161.433 8081.4
Other fixed assets.271 97911.2291 21111.6214 7198.9
Financial fixed assets1 362 96956.01 364 20554.41 401 51257.9
Investments in group companies/subsidiaries1 102 45945.31 166 19646.51 116 20746.1
Investments in associated companies39 0251.652 6702.1127 0915.2
Loans to group companies, associated companies and joint ventures169 2196.9109 3614.4122 1545.0
Loans to group cInvestments in shares and bonds13 3150.510 4830.411 8390.5
LoanOther receivables38 9511.625 4951.024 2211.0
 
Current Assets498 43620.5546 06021.8457 93818.9
Inventories22 8920.924 8061.026 7081.1
Debtors279 16811.5326 92213.0275 56411.4
Account receivable from customers and earned , not invoiced operating income58 6342.476 9003.176 8423.2
Account receivable Receivables from group companies180 4597.4179 4797.2167 8156.9
Other receivables40 0751.670 5432.830 9071.3
Investments93 7693.881 0533.244 6331.8
Cash and bank deposits102 6074.2113 2794.5111 0264.6
 
Assets2 436 038100.02 508 922100.02 421 620100.0
 
Equity1 129 01846.31 262 35450.31 309 14154.1
Invested equity584 70524.0731 32929.1755 47931.2
Share capital225 2989.2421 84816.8383 93715.9
Share premium reserve259 62610.7217 8688.7318 14513.1
Invested other equity99 7814.191 6133.753 3972.2
Retained earnings544 31922.3531 02421.2553 66222.9
Reserve for valuation variances38 2951.6109 0504.3104 2044.3
Other equity537 72122.1526 35321.0475 21519.6
Uncovered losses-31 697-1.3-104 379-4.2-25 757-1.1
 
Long term liabilities818 78533.6695 20527.7650 18726.8
Provisions192 5317.9282 38711.3193 7038.0
Bonds242 0159.9214 3528.5202 8918.4
Financial institutions54 2362.241 4921.744 7521.8
Liabilities to group companies177 9327.349 6702.0144 5066.0
Financial liabilities2 0500.12 2640.11 8860.1
Other long term liabilities150 0226.2105 0414.262 4492.6
 
Current liabilities488 23020.0551 36322.0462 29119.1
Financial institutions42 7811.850 8582.027 8401.1
Trade creditors26 1471.131 1671.242 4551.8
Public duties and tax payable32 1741.348 3951.961 9322.6
Dividends payable24 4091.024 1951.028 1601.2
Liabilities to group companies281 18911.5285 51811.4214 7298.9
Other short term liabilities72 9193.096 2263.883 6483.5
 
Equity and liabilities2 436 033100.02 508 922100.02 421 619100.0

Table 6 
Central government corporations. Selected key figures.

Central government corporations. Selected key figures.
201520142013
1Operating profit in per cent of operating income at 31. December.
2Operating result before tax in per cent of operating income at 31. December.
3Operating result before tax + interest expense in per cent of total equity and liabilities at 31 December.
4Operating result in per cent of total equity at 31 December.
5Equity in per cent of total equity and liabilities at 31 December.
6Current assets at 31 December in proportion to current liabilities at 31 Decenber.
7Fixed assets in proportion to long- term capital at 31 December.
8Total liabilities in proportion to total equity at 31 December.
Operating profit margin. Per cent110.7219.1523.49
Operating margin. Per cent27.864.1729.45
Return on total assets. Per cent37.6612.3715.89
Return on equity. Per cent4-1.35-7.1111.02
Equity ratio. Per cent546.3550.3154.06
Current ratio61.020.990.99
Ratio of fixed assets to long term capital70.991.001.00
Debt-to-equity ratio81.160.990.85

Table 7 
Central government quasi- corporations. Income statement. Selected accounting figures. NOK million and share.

Central government quasi- corporations. Income statement. Selected accounting figures. NOK million and share.
201520142013
NOK millionShareNOK millionShareNOK millionShare
Income Statement
Operating income168 980100.0186 397100.0204 241100.0
Revenue163 29596.6185 08199.3199 05097.5
Special public taxes00.000.000.0
Public subsidies8010.58010.47110.3
Income from rent, real property and other income from rent00.000.000.0
Profit on disposals (sale etc.) of fixed assets00.000.000.0
Other operating income4 8842.95150.34 4802.2
 
Operating expenses78 91646.766 08735.571 84335.2
Raw materials and consumables used4 3352.63 9902.13 5351.7
Payroll expense1 3000.81 1710.61 2330.6
Depreciation and amortisation expense34 55120.424 31513.023 81511.7
Other operating expenses38 73022.936 61219.643 26021.2
 
Operating profit90 06453.3120 31064.5132 39764.8
 
Financial income11 8077.09 1124.95 5782.7
Financial expense16 88010.014 5087.811 2215.5
 
Operating result before tax84 99150.3114 91461.7126 75462.1
 
Tax10.000.000.0
 
Operating result84 99150.3114 91461.7126 75462.1
 
Net extraordinary income0.00.00.00.00.00.0
 
Net profit for the year84 98850.3114 91461.7126 75462.1

Table 8 
Central government quasi- corporations. Income statement. Selected accounting figures. NOK million and share.

Central government quasi- corporations. Income statement. Selected accounting figures. NOK million and share.
201520142013
NOK millionShareNOK millionShareNOK millionShare
Balance Sheet
Fixed Assets226 29190.5239 05789.4203 03285.9
Intangible fixed assets3770.26050.29990.4
Tangible fixed assets225 78290.3238 27489.2201 96285.5
Buildings and plants225 52690.2238 06389.1201 79485.4
Plant under construction240.0500.0390.0
Houses, land and other real property00.000.000.0
Veicles, machinery and equipment etc.1730.1710.0560.0
Other fixed assets.590.0900.0730.0
Financial fixed assets80.080.080.0
Investments in group companies/subsidiaries00.000.000.0
Investments in associated companies70.070.070.0
Loans to group companies, associated companies and joint ventures00.000.000.0
Loans to group cInvestments in shares and bonds10.010.010.0
LoanOther receivables00.000.000.0
 
Current Assets23 6369.528 20510.633 22614.1
Inventories4 5491.85 3042.04 6722.0
Debtors18 9767.622 5408.428 33912.0
Account receivable from customers and earned , not invoiced operating income18 6357.522 4308.428 19711.9
Account receivable Receivables from group companies2160.1340.0900.0
Other receivables1250.1760.0520.0
Investments00.000.000.0
Cash and bank deposits1100.03610.12150.1
 
Assets249 927100.0267 262100.0236 257100.0
 
Equity162 34165.0172 20164.4163 37769.2
Invested equity161 48364.6171 42264.1162 84268.9
Share capital161 57764.6171 51364.2162 91069.0
Share premium reserve00.000.000.0
Invested other equity-940.0-910.0-680.0
Retained earnings8590.37780.35340.2
Reserve for valuation variances2850.12580.11920.1
Other equity5740.25200.23420.1
Uncovered losses00.000.000.0
 
Long term liabilities77 68431.180 14930.054 92823.2
Provisions74 97930.077 69629.152 75022.3
Bonds00.000.000.0
Financial institutions00.000.000.0
Liabilities to group companies340.0360.0230.0
Financial liabilities00.000.000.0
Other long term liabilities2 6711.12 4170.92 1560.9
 
Current liabilities9 9024.014 9125.617 9537.6
Financial institutions00.000.000.0
Trade creditors2 3450.94 3561.63 6641.6
Public duties and tax payable820.0580.0510.0
Dividends payable00.000.000.0
Liabilities to group companies00.020.010.0
Other short term liabilities7 4743.010 4963.914 2376.0
 
Equity and liabilities249 927100.0267 262100.0236 257100.0

Table 9 
Local government owned enterprises. Income statement. Selected accounting figures. NOK million and share.

Local government owned enterprises. Income statement. Selected accounting figures. NOK million and share.
201520152014201420132013
NOK millionShareNOK millionShareNOK millionShare
Income Statement
Operating income133 473100.0139 449100.0145 828100.0
Revenue118 78589.0117 26584.1124 07885.1
Special public taxes-93-0.1-142-0.1-151-0.1
Public subsidies2 3521.89 6176.911 6088.0
Income from rent, real property and other income from rent3 4022.53 6062.63 1332.1
Profit on disposals (sale etc.) of fixed assets4230.38820.65140.4
Other operating income8 4196.37 9385.76 3354.3
 
Operating expenses112 95084.6114 96982.4119 92282.2
Raw materials and consumables used46 69735.043 83431.452 26035.8
Payroll expense22 41116.820 93615.023 08515.8
Depreciation and amortisation expense11 8298.911 1088.010 9697.5
Other operating expenses32 01324.039 09128.033 60823.0
 
Operating profit20 52315.424 48017.625 90617.8
 
Financial income13 83910.417 26412.414 1279.7
Financial expense12 6329.516 40611.822 30215.3
 
Operating result before tax21 73016.325 33818.217 73112.2
 
Tax5 7874.36 6074.78 6916.0
 
Operating result15 94311.918 73013.49 0416.2
 
Net extraordinary income-3 002-2.2-668-0.5-2 813-1.9
 
Net profit for the year13 2569.917 94512.96 1254.2

Table 10 
Local government owned enterprises. Balance sheet. Selected accounting figures. NOK million and andel.

Local government owned enterprises. Balance sheet. Selected accounting figures. NOK million and andel.
201520142013
NOK millionShareNOK millionShareNOK millionShare
Balance Sheet
Fixed Assets465 36784.6448 07583.8428 28583.1
Intangible fixed assets58 60310.758 88311.052 83210.3
Tangible fixed assets212 91438.7205 18338.4202 29539.3
Buildings and plants141 87825.8133 33524.9133 57025.9
Plant under construction13 0902.412 4912.312 5002.4
Houses, land and other real property11 1462.011 6722.210 9482.1
Veicles, machinery and equipment etc.20 1823.724 3174.523 8854.6
Other fixed assets.26 6184.823 3684.421 3924.2
Financial fixed assets190 21834.6179 97233.7172 39133.5
Investments in group companies/subsidiaries96 97817.694 34317.691 33117.7
Investments in associated companies19 7523.620 5703.815 6643.0
Loans to group companies, associated companies and joint ventures56 55210.349 2149.249 0149.5
Loans to group cInvestments in shares and bonds8 6501.68 4471.68 7541.7
LoanOther receivables8 2861.57 3981.47 6281.5
 
Current Assets84 60315.486 48416.286 90716.9
Inventories3 2200.63 2460.63 1000.6
Debtors47 6628.749 8239.348 0599.3
Account receivable from customers and earned , not invoiced operating income17 7043.217 8783.318 7053.6
Account receivable Receivables from group companies22 6874.124 2774.521 0434.1
Other receivables7 2711.37 6681.48 3111.6
Investments3 8310.72 6780.52 4900.5
Cash and bank deposits29 8895.430 6865.733 2086.4
 
Assets549 971100.0534 558100.0515 192100.0
 
Equity207 11437.7206 18738.6194 57137.8
Invested equity124 98622.7124 79523.3114 89522.3
Share capital47 0828.650 9649.550 5909.8
Share premium reserve65 16211.860 56911.350 3039.8
Invested other equity12 7422.313 2622.514 0022.7
Retained earnings82 13114.981 40515.279 69115.5
Reserve for valuation variances7 1201.37 1681.35 8561.1
Other equity78 25714.277 92614.677 24715.0
Uncovered losses-3 246-0.6-3 689-0.7-3 412-0.7
 
Long term liabilities258 71047.0244 50045.7239 31846.5
Provisions18 9903.516 3343.115 4563.0
Bonds59 26410.861 07111.450 2179.7
Financial institutions89 97716.480 80715.181 55015.8
Liabilities to group companies53 9529.843 0598.146 4999.0
Financial liabilities8 8421.69 7751.89 7111.9
Other long term liabilities27 6825.033 4466.335 8867.0
 
Current liabilities84 09115.383 87215.781 28315.8
Financial institutions10 3161.98 0161.57 9291.5
Trade creditors10 8682.09 9031.910 3322.0
Public duties and tax payable9 0461.69 7131.810 6952.1
Dividends payable8 3331.510 1591.96 4181.2
Liabilities to group companies22 4904.122 4034.223 4944.6
Other short term liabilities22 9114.223 6614.422 3914.3
 
Equity and liabilities549 915100.0534 559100.0515 179100.0

Table 11 
Local government owned enterprises. Selected key figures.

Local government owned enterprises. Selected key figures.
201520142013
1Operating profit in per cent of operating income at 31. December.
2Operating result before tax in per cent of operating income at 31. December.
3Operating result before tax + interest expense in per cent of total equity and liabilities at 31 December.
4Operating result in per cent of total equity at 31 December.
5Equity in per cent of total equity and liabilities at 31 December.
6Current assets at 31 December in proportion to current liabilities at 31 Decenber.
7Fixed assets in proportion to long- term capital at 31 December.
8Total liabilities in proportion to total equity at 31 December.
Operating profit margin. Per cent115.3817.5517.76
Operating margin. Per cent216.2818.1712.16
Return on total assets. Per cent36.257.817.77
Return on equity. Per cent47.709.084.65
Equity ratio. Per cent537.6638.5737.77
Current ratio61.011.031.07
Ratio of fixed assets to long term capital71.000.990.99
Debt-to-equity ratio81.661.591.65

About the statistics

The statistics include all market non-financial corporations in which either the central government or municipalities/county municipalities directly or indirectly own more than 50 per cent of the shares. These include all companies incorporated by special legislation as well as central government market entities.

 

 

Definitions

Definitions of the main concepts and variables

The Accounting Act of 17th June 1998 and the Norwegian Accounting Standard, NS 4102 govern income statement and the balance sheet.

Operating income and operating expenses, financial income and financial expenses etc is per definition in accordance with the Accounting Act. The balance sheet consists of assets (fixed assets and current assets), equity and liabilities.

The questionnaire does not include consolidated accounts.

Standard classifications

The corporations are classified in accordance with the institutional sector and industrial classification (NACE). The balance sheet is classified in accordance with the national accountings financial object grouping and with the grouping of debtors and creditors.

The following sectors are included in the statistics:
1110 Public quasi-corporations
1120 Public limited companies owned by the state etc.
1510 Municipal quasi-corporations
1520 Public limited companies owned by the municipalities ect.

Business units or corporations that are basically operating general government activities are excluded in the statistics.

The industrial classification is from 2007and the is in line with the Norwegian Standard for Industrial Classification (SN2007) which is in conformity with the EC  industrial classification NACE Rev. 2.

Administrative information

Name and topic

Name: Public corporations, accounts
Topic: Public sector

Next release

Responsible division

Division for Public Finance

Regional level

Municipality

Frequency and timeliness

Annually
Accounting statistics for Public corporations 12 months
Accounting statistics for Local Government owned rehabilitation enterprises 12 months (No longer available with effect from 2012) 
Structural statistics for Public corporations 3 months (No longer available with effect from 2012)

International reporting

As an integral part of the national accounts

Microdata

Micro data are stored in an Oracle database together with the accounts for the private owned non-financial corporations. Published tables are stored as flat files.

Background

Background and purpose

The purpose of the statistics is to collect and compile figures needed to present macroeconomic statistics and statistics about public corporations. This started in 1961 (NOS XII 185).

Users and applications

The major user of the statistics is the National Account Division at Statistics Norway, the public authorities and the general public.

Equal treatment of users

No external users have access to the statistics and analyses before they are published and accessible simultaneously for all users on ssb.no at 08 am. Prior to this, a minimum of three months' advance notice is given inthe Statistics Release Calendar.

Coherence with other statistics

The statistics is issued annually and the data produced for that year in question is provisional. Furthermore, the figures are included the national accounts and in the financial sector balance sheet.

Legal authority

Statistics act Sections 2-2 and 3-2.

EEA reference

Council Regulation (EC) No 2223/96 – on the European system of national and regional accounts in the Community amended by Articles of Regulation 448/98, 1500/2000, 2516/2000, 995/2001, 113/2002, 1267/2003, 1392/2007 and 715/2010.

Council Regulation (EC) No 3037/90 – on the statistical classification of economic activities in the European Community amended by Article of Regulation 761/93, 29/2002 and 1893/2006

Regulation (EC) No 177/2008 of The European Parliament and of the Council – on establishing a common framework for business registers for statistical purposes and repealing council Regulation No 2186/93

Council Regulation (EC) No 2223/96 – on the European system of national and regional accounts in the community amended by Articles of Regulation 448/98, 1500/2000, 2516/2000, 995/2001, 113/2002, 1267/2003, 1392/2007 and 715/2010

Commission Regulation (EC) No 264/2000 - on the implementation of Council Regulation No 2223/96 with respect to short-term public finance statistics

Production

Population

The population comprises all Norwegian companies defined as public non-financial corporations. Corporations which are General government are excluded since these are entered into the central government and/or the local government.

These are all market oriented non-financial corporations in which the central government or municipality/county municipality directly or indirectly owns more than 50 per cent of the shares.  These include all companies incorporated by special legislation market entities.

The statistic does not include the company consolidated account.

The accounting statistics comprises income statement, balance sheet and selected accounting key figures.

The accounting figures for State´s Direct Financial Interest (SDFI) are collected from Petoros AS Annual Accounting Report for 20XX.

Data sources and sampling

The basis of the statistics is by accounting reports are obtained by the Tax questionnaire on accounting reported to the Directorate of Taxes. The statistics does not include the consolidated financial account.

With the effect from 2005, the statisticsNorwayhas obtained direct accounting information from the Central Register of Establishment of Enterprises when necessary.

By electronic reporting, the companies send a copy of the Tax questionnaire directly to Statistics Norway via IDUN (Informasjons- og DataUtveksling med Næringslivet).

Specifications of some selected items in the balance sheet are reported on an additional questionnaire. Accounting information for the Municipality Energy Supply corporations are collected from the "Economics and Technical report to the Norwegian Water Resources and Energy Directorate and Statistics Norway". Accounting information for smaller corporations are obtained directly from the Central Register of Establishments and Enterprises. Accounting information obtained by this method is less detailed than the Tax questionnaires on accounting.

Collection of data, editing and estimations

The Statistics Norway collects the Tax questionnaires on accounting on the companies when these are not available. The Tax questionnaires are sent out and are sent back when completed by the companies. This must be return within a stipulated deadline to the Statistics Norway.

The questionnaire is issued in connection with the deadline of providing the Tax questionnaire to the Norwegian Tax authority. The deadline for sending in the questionnaires to Statistics Norway is usually the last week in June.

The data are registered in a common accounting database at Statistics Norway that comprises both public and private non-financial corporations.

Control and revision are automatically built-in the accounting database at Statistics Norway This constitutes a control and revision of the balance sheet in accordance with the annual accounts and a macro control.

Seasonal adjustment

Not applicable

Confidentiality

This is in accordance by Statistic Act § 2-6, information published may not be traced back or identified to any individual. This is to ensure that there is no direct disclosure about individual corporations to the general public.

Comparability over time and space

Changes in the accountancy and the company act, as well as the grouping of items in the Tax questionnaires causes deviation in time series.

Starting from 2005, Norwegian companies can opt for International Financial Report Standards (IFRS) in their annual accounting reports. This has affected the comparability of different companies applying different principles.

Accuracy and reliability

Sources of error and uncertainty

The major sources of error have usually been the inability of tracking the ongoing changes in the population. The population is established by an inspection of the share of public ownership in the various corporations as it is registered in the Central Register of Establishments and Enterprises. This register is updated continuously on the basis of newly established corporations or annual company accounts.

The degree of information provided in the annual accounts by various corporations differs. In addition the companies practices different accounting principles in the same questionnaires, and this inconsistency of practice generates problems for the statistics.

Changes in Statistics Norway's information about the ownership structure in the corporations have significantly affected the changes in the total number of public corporations. 

In some cases, whereby no accounting data are available, Tax questionnaires are re-constructed based upon data available from the previous years.

Variance: Not applicable
Bias: Not applicable
Non-response: The accounting statistics only include data for the enterprises that Statistics Norway could obtain data on. Non-response is not very high.

The population requires updating continuously. This is as the result of incorrect classification of sector or industrial classification which can affect the result statistics.

Revision

http://www.ssb.no/en/omssb/styringsdokumenter/formidlingspolitikk/prinsipper-for-revisjon

Contact

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