Statistics Norway

State enterprises, accounting figures

1 Statistics of accounts-local government-owned rehabilitation enterprises. 2003-2007. NOK million and per cent
  2003 2004 2005 2006 2007
  NOK million Per cent NOK million Per cent NOK million Per cent NOK million Per cent NOK million Per cent
Income statement                    
Operating income 4 621  100.0 4 957  100.0 5 288  100.0 5 834  100.0 6 408  100.0
Sales revenue 2 706 58.6 2 833 57.2 2 965 56.1 3 403 58.3 3 770 58.8
Public subsidy 1 825 39.5 2 051 41.4 2 203 41.7 2 363 40.5 2 490 38.9
Other operating income 89 1.9 72 1.4  121 2.3 67 1.2  148 2.3
                     
Operating expenses 4 463 96.6 4 832 97.5 5 074 96.0 5 612 96.2 6 110 95.3
Raw materials and consumables 1 179 25.5 1 258 25.4 1 306 24.7 1 488 25.5 1 629 25.4
Payroll expenses 2 355 51.0 2 523 50.9 2 686 50.8 2 972 51.0 3 200 49.9
Depreciation and amortisation expenses  179 3.9  191 3.8  191 3.6  207 3.5  232 3.6
Other expenses  749 16.2  861 17.4  892 16.9  945 16.2 1 048 16.4
                     
Operating profit  158 3.4  124 2.5  214 4.0  221 3.8  299 4.7
                     
Financial income 44 0.9 26 0.5 26 0.5 39 0.7 63 1.0
Financial expenses 71 1.5 53 1.1 47 0.9 57 1.0 87 1.4
                     
Operating profit or loss before tax  131 2.8 97 2.0  193 3.6  204 3.5  275 4.3
                     
Tax payable 0 0.0 -1 0.0 0 0.0 0 0.0 1 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  131 2.8 98 2.0  193 3.6  203 3.5  275 4.3
                     
Extraordinary income 4 0.1 9 0.2 18 0.3 0 0.0 16 0.3
Extraordinary expenses 1 0.0 1 0.0 2 0.0 1 0.0 2 0.0
                     
Net profit or loss for the year  134 2.9  106 2.1  208 3.9  203 3.5  288 4.5
                     
Balance sheet                    
Fixed assets 2 067 55.6 2 279 56.6 2 340 54.7 2 621 55.0 2 832 54.7
Tangible fixed assets, intantngible fixed assets 1 984 53.4 2 193 54.5 2 240 52.4 2 522 52.9 2 686 51.9
Long-term receivables 26 0.7 32 0.8 45 1.0 29 0.6 83 1.6
Shares and bonds 58 1.5 54 1.3 55 1.3 70 1.5 63 1.2
                     
Current assets 1 649 44.4 1 746 43.4 1 936 45.3 2 148 45.0 2 342 45.3
Inventories  416 11.2  439 10.9  437 10.2  513 10.8  551 10.7
Accounts receivables  333 9.0  388 9.6  418 9.8  497 10.4  532 10.3
Other receivables  133 3.6  150 3.7  181 4.2  166 3.5  203 3.9
Shares and bonds 16 0.4 9 0.2 18 0.4 55 1.1 42 0.8
Cash and bankdeposits  752 20.2  761 18.9  882 20.6  918 19.2 1 013 19.6
                     
Assets 3 716  100.0 4 025  100.0 4 276  100.0 4 769  100.0 5 174  100.0
                     
Equity 1 890 50.9 2 031 50.5 2 241 52.4 2 474 51.9 2 733 52.8
Share equity  207 5.6  215 5.3  215 5.0  226 4.7  225 4.4
Other invested equity 43 1.2 51 1.3 65 1.5 71 1.5  115 2.2
Other retained earnings 1 640 44.1 1 765 43.9 1 960 45.8 2 178 45.7 2 393 46.2
                     
Long-term liabilities 1 009 27.1 1 084 26.9 1 109 25.9 1 232 25.8 1 367 26.4
                     
Short-term liabilities  817 22.0  910 22.6  927 21.7 1 062 22.3 1 074 20.8
Convertible loans 33 0.9 30 0.7 35 0.8 65 1.4 61 1.2
Trade creditors  244 6.6  287 7.1  292 6.8  352 7.4  340 6.6
Other short-term liabilities  540 14.5  593 14.7  600 14.0  646 13.5  673 13.0
                     
Equity and liabilities 3 716  100.0 4 025  100.0 4 276  100.0 4 769  100.0 5 174  100.0
                     
Key figures                    
Number of enterprises    312    317    320    327    319
Number of employees   17 026   17 990   19 089   20 407   20 738
Return on total assets in per cent1   5.4   3.7   5.6   5.5   7.0
Return on equity in per cent2   6.9   4.8   8.6   8.2   10.0
Current ratio3   2.0   1.9   2.1   2.0   2.2
Working capital. NOK million4    832    836   1 010   1 086   1 268
Financing ratio5   0.7   0.7   0.7   0.7   0.7
Equity ratio per cent6   50.9   50.5   52.4   51.9   52.8
Debt-equity ratio7   1.0   1.0   0.9   0.9   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  Current assets at 31 December in proportion to current liabilities at 31 Decenber.
4  Current assets at 31 December - current liabilities at 31 Decenber.
5  Fixed assets in proportion to long-term capital at 31 December.
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