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statistikk
2017-12-06T08:00:00.000Z
Establishments, enterprises and accounts;External economy
en
regnut, Accounting statistics, non-financial enterprises foreign financing, foreign debt, assets abroad, assets, foreign debt, foreign investments, bank deposits, country breakdownAccounts , Foreign assets and liabilities , Establishments, enterprises and accounts, External economy
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Accounting statistics, non-financial enterprises foreign financing

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Key figures

1 270

NOK billion in total liabilities abroad

Assets and liabilities in foreign countries. NOK million. Preliminary figures
3rd quarter 2017Change in per cent
2nd quarter 2017 - 3rd quarter 20173rd quarter 2016 - 3rd quarter 2017
Total assets1 478 391-2.4-8.3
Fixed assets1 124 030-2.7-6.2
Current assets354 361-1.8-14.5
Total liabilities1 269 603-4.8-14.0
Long-term liabilities921 029-5.4-10.3
Short-term liabilities348 573-3.0-22.4

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Table 1 
Assets and liabilities in foreign countries, by category. NOK million

Assets and liabilities in foreign countries, by category. NOK million
Total assetsFixed assetsCurrent assetsTotal liabilitiesLong-term liabilitiesShort-term liabilities
1The figures are preliminary.
4th quarter 20131 413 9241 075 100338 8241 201 433849 124352 309
1st quarter 20141 538 9241 102 325436 5991 208 791862 762346 029
2nd quarter 20141 503 0001 102 439400 5611 223 207868 149355 058
3rd quarter 20141 537 6531 120 094417 5591 242 590876 882365 708
4th quarter 20141 530 1021 044 360485 7421 376 375960 037416 338
1st quarter 20151 581 3421 068 278513 0641 449 145992 889456 256
2nd quarter 20151 612 6161 039 256573 3601 467 291990 665476 626
3rd quarter 20151 630 7771 097 798532 9801 507 7601 036 063471 696
4th quarter 20151 573 6551 144 401429 2541 487 6411 077 572410 069
1st quarter 201611 625 3281 220 966404 3621 513 9191 053 914460 006
2nd quarter 201611 676 6811 220 301456 3791 533 0601 055 207477 853
3rd quarter 201611 612 4091 197 732414 6771 475 4961 026 588448 909
4th quarter 201611 535 6091 151 353384 2561 361 7851 003 793357 992
1st quarter 201711 490 7541 132 613358 1411 335 418965 022370 396
2nd quarter 201711 515 3411 154 637360 7041 333 463973 950359 513
3rd quarter 201711 478 3911 124 030354 3611 269 603921 029348 573

About the statistics

The statistics gives an overview over Norwegian non-financial enterprises’ assets, liabilities, ownership, financial income and financial expenses abroad.

Definitions

Definitions of the main concepts and variables

The units below are regarded as Norwegian in the statistics:

Legal persons registered as Norwegian, excluding their affiliates abroad. The definition is valid regardless of the owner’s nationality. Hence, foreign-owned companies registered as Norwegian are regarded as Norwegian units.

Affiliates in Norway of foreign registered legal persons. Physical persons permanently residing in Norway, regardless of citizenship. The following units are regarded as foreign in the statistics:

Legal persons registered abroad, including Norwegian-owned companies that are registered abroad.

Norwegian companies’ affiliates abroad.

Physical persons permanently residing abroad, regardless of citizenship.

Fixed assets in foreign countries cover assets that are mainly included in the company’s long-term creation of value and are intended for permanent ownership or use. They also include receivables and securities scheduled for repayment later than one year after the time of the settlement. They include tangible fixed assets, long-term receivables and investments. Investments include securities, shares and loans to other companies within the same group.

Current assets are assets relating to the company’s sales of goods and services (stocks of goods are not included, but assets and liabilities concerning sales of goods are), and assets which are expected to have a functional period of less than one year in production. This includes cash and short-term capital in foreign countries, foreign receivables and inventories.

The data are based on accounting legislation, and the values do not necessarily give a good picture of the real or the market value of the assets.

Liabilities cover all obligations that may limit the company’s future use of its resources. They are divided into short-term and long-term liabilities to foreign countries. Long-term liabilities are legal or financial obligations not meant to be redeemed during the coming accounting period. They are not related to the company’s short-term sales of goods and services. Short-term liabilities are liabilities that fall due for payment within one year from the time of settlement. Liabilities which are directly related to the company’s short-term sales of goods and services also fall in this category.

Companies applying the International Financial Reporting Standards (IFRS) classify proposed dividends as a part of the equity, and not as a short-term liability.

In the statistics, assets and liabilities are grouped into assets and liabilities in companies within own group and assets and liabilities in companies that are not in own group.

Standard classifications

The annual statistics are broken-down by groups of countries.

Groups of countries are based on the ISO standard 3166.

Administrative information

Name and topic

Name: Accounting statistics, non-financial enterprises foreign financing
Topic: Establishments, enterprises and accounts

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Responsible division

Division for Accounting Statistics

Regional level

The annual statistics are divided into countries or groups of countries.

Frequency and timeliness

Annually and quarterly statistics on non-financial companies’ foreign financial income, foreign financial expenses and foreign balance sheet items. The quarterly statistics are published 10 weeks after the quarter’s end, while the annual statistics are published within one year after the fiscal year.

International reporting

The statistics are part of the basis for the Balance of Payment of non-financial companies, and partly the basis for reporting of Foreign Direct Investment to international organizations as IMF, OECD and Eurostat.

Microdata

Statistical files are stored.

Background

Background and purpose

The purpose of the statistics is to give an overview over Norwegian non-financial companies’ foreign economy (assets, liabilities, ownership, financial income and financial expenses).

Parts of the earlier basis for the Balance of Payments statistics were closed, and this statistics was established to replace parts of the basis. The statistics also gives information on non-financial companies’ foreign assets and liabilities was previously collected as a part of the Financial Census.

Users and applications

The Accounting Statistics, non-financial companies foreign financing, are a part of the Balance of Payment.

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 8 am. Prior to this, a minimum of three months' advance notice is given inthe Statistics Release Calendar.

For more information about the principles for equal treatment of users in releasing statistics and analyses, click here

Coherence with other statistics

Accounting statistics, non-financial companies’ foreign financing, is part of the basis of the Balance of Payment. The statistics is also part of the international reporting of assets and liabilities to foreign countries. The data collection is partly joint with the statistics on import and export of services.

The quarterly statistics cover the sample, and do not give figures for the entire population. The statistics is not directly comparable with the Balance of Payment.

Legal authority

Statistics Act Sections 2-1, 2-2 and 2-3.

EEA reference

Council Regulation (EF) 184/2005.

Production

Population

The statistics are based on a survey of the 600 largest non-financial companies. The size of the company is measured by assets and liabilities in foreign countries, foreign shares and foreign ownership.

The population is based on the Financial Census of 2003 and taxation data.

Data sources and sampling

Data are collected from non-financial companies, and are matched with information from the accounting statistics, stock statistics and the Central Register of Establishments and Enterprises.

The data are collected quarterly from the about 600 largest companies quarterly. The annual statistics cover approximately 3000 companies, where the 600 largest are included.

Collection of data, editing and estimations

The data are collected by electronic questionnaires. The respondents must report within 30 days after the quarter, but have longer time to report the annual data.

The data are checked when reported to Statistics Norway, and for some types of errors, the respondent is contacted to get the errors corrected. The data are also verified by comparing them with data from other sources, like previous reports and accounting data.

Seasonal adjustment

Not relevant

Confidentiality

Figures are not published in a way which makes it possible to identify particular units in the statistics.

Comparability over time and space

Revisions in the accounting legislation may cause less comparability over time.

Accuracy and reliability

Sources of error and uncertainty

The reported data are based on the tax questionnaire on accounting. The interpretation of figures concerning Norwegian amounts and amounts toward foreign countries may vary from company to company, and cause missing values. There may also be errors in reporting. One of the most common errors stem from differences between variables as defined by Statistics Norway and as they are in the company’s accounting system or general ledger. The separation of the figures into Norwegian and foreign may also cause errors.

Non-response weakens the quality of the statistics. To minimize non-response, missing data are imputed electronically.

To secure high relevance at low cost, ensuring that the largest companies are in the sample is emphasised. There is no complete register covering all units in the population. Due to this, it might be units in the population not covered by the sample.

Revision

Not relevant

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