Statistics Norway

State enterprises, accounting figures

1   Statistics of accounts-local government-owned rehabilitation enterprises. 2001-2005.
NOK million and per cent
  2001 2002 2003 2004 2005
  NOK million Per cent NOK million Per cent NOK million Per cent NOK million Per cent NOK million Per cent
Income statement                    
Operating income 4 381  100.0 4 427  100.0 4 618  100.0 4 946  100.0 5 254  100.0
Sales revenue 2 661 60.7 2 605 58.8 2 706 58.6 2 823 57.1 2 954 56.2
Public subsidy 1 619 36.9 1 712 38.7 1 839 39.8 2 051 41.5 2 184 41.6
Other operating income  101 2.3  110 2.5 73 1.6 72 1.5  115 2.2
                     
Operating expenses 4 302 98.2 4 314 97.4 4 460 96.6 4 823 97.5 5 040 95.9
Raw materials and consumables 1 247 28.5 1 158 26.2 1 179 25.5 1 258 25.4 1 302 24.8
Payroll expenses 2 164 49.4 2 235 50.5 2 354 51.0 2 517 50.9 2 666 50.7
Depreciation and amortisation expenses  177 4.0  176 4.0  179 3.9  190 3.8  190 3.6
Other expenses  714 16.3  745 16.8  748 16.2  859 17.4  883 16.8
                     
Operating profit 78 1.8  113 2.6  158 3.4  123 2.5  214 4.1
                     
Financial income 50 1.1 56 1.3 44 0.9 26 0.5 26 0.5
Financial expenses 80 1.8 82 1.8 71 1.5 53 1.1 47 0.9
                     
Operating profit or loss before tax 48 1.1 88 2.0  131 2.8 96 1.9  193 3.7
                     
Tax payable 0 0.0 0 0.0 0 0.0 0 0.0 0 0.0
Changes in postpone tax 0 0.0 0 0.0 0 0.0 0 0.0 0 0.0
                     
Operating profit or loss 49 1.1 89 2.0  130 2.8 96 1.9  193 3.7
                     
Extraordinary income 7 0.2 49 1.1 4 0.1 9 0.2 18 0.3
Extraordinary expenses 6 0.1 7 0.2 1 0.0 1 0.0 2 0.0
                     
Net profit or loss for the year 50 1.1  130 2.9  134 2.9  105 2.1  208 4.0
                     
Balance sheet                    
Fixed assets 1 909 54.9 1 942 54.8 2 064 55.6 2 274 56.6 2 328 54.8
Tangible fixed assets, intantngible fixed assets 1 808 52.0 1 856 52.4 1 981 53.4 2 188 54.5 2 229 52.4
Long-term receivables 42 1.2 35 1.0 26 0.7 32 0.8 37 0.9
Shares and bonds 59 1.7 51 1.4 58 1.6 54 1.3 62 1.5
                     
Current assets 1 569 45.1 1 603 45.2 1 649 44.4 1 742 43.4 1 922 45.2
Inventories  439 12.6  425 12.0  416 11.2  438 10.9  437 10.3
Accounts receivables  360 10.4  341 9.6  333 9.0  388 9.7  416 9.8
Other receivables  137 3.9  111 3.1  133 3.6  150 3.7  177 4.2
Shares and bonds 12 0.4 14 0.4 16 0.4 9 0.2 18 0.4
Cash and bankdeposits  620 17.8  711 20.1  752 20.2  758 18.9  875 20.6
                     
Assets 3 478  100.0 3 544  100.0 3 713  100.0 4 016  100.0 4 250  100.0
                     
Equity 1 596 45.9 1 802 50.8 1 887 50.8 2 026 50.4 2 231 52.5
Share equity  202 5.8  207 5.8  205 5.5  212 5.3  211 5.0
Other invested equity 20 0.6 79 2.2 43 1.2 50 1.3 64 1.5
Other retained earnings 1 374 39.5 1 516 42.8 1 639 44.2 1 763 43.9 1 956 46.0
                     
Long-term liabilities 1 067 30.7  924 26.1 1 009 27.2 1 082 27.0 1 100 25.9
                     
Short-term liabilities  815 23.4  819 23.1  817 22.0  908 22.6  919 21.6
Convertible loans 67 1.9 33 0.9 25 0.7 30 0.7 32 0.8
Trade creditors  226 6.5  216 6.1  244 6.6  287 7.1  290 6.8
Other short-term liabilities  523 15.0  570 16.1  548 14.7  591 14.7  597 14.0
                     
Equity and liabilities 3 478  100.0 3 544  100.0 3 713  100.0 4 016  100.0 4 250  100.0
                     
Key figures                    
Number of enterprises    316    315    311    313    309.0
Number of employees   15 070   14 974   16 416   17 631   18 152.0
Return on total assets1 in per cent   3.7   4.8   5.4   3.7   5.6
Return on equity2 in per cent   3.1   4.9   6.9   4.8   8.6
Financing ratio3   0.7   0.7   0.7   0.7   0.7
Current ratio4   1.9   2.0   2.0   1.9   2.1
Working capital.5 NOK million    754.1    783.7    831.6    833.7   1 003.3
Equity ratio6 per cent   45.9   50.8   50.8   50.4   52.5
Debt-equity ratio7   1.2   1.0   1.0   1.0   0.9
1  Operating result before tax + interest expense in per cent of total equity and liabilities at 31 December.
2  Operating result after tax in per cent of total equity at 31 December.
3  Fixed assets in proportion to long-term capital at 31 December.
4  Current assets at 31 December in proportion to current liabilities at 31 Decenber.
5  Current assets at 31 December - current liabilities at 31 Decenber.
6  Equity in per cent of total equity and liabilities at 31 December.
7  Total liabilities in proportion to total equity at 31 December.

Explanation of symbols