Information on investments abroad for the financial year 2017
Did you receive an administrative decision from Statistics Norway regarding your duty to provide information for the official survey entitled Information on investment abroad (RA-0638)? This web page provides you with information on how to answer the survey.
What information must be reported?
Statistics Norway collects information on Norwegian enterprises’ activity outside of Norway through subsidiary companies. We need information on accounting numbers, turnover, and employment for each underlying Company.
The information is to be reported electronically in an Excel form which consists of several sheets:
- In the first sheet (Info) is information about the report
- In the second sheet (Help) is a figure that shows which enterprises who shall report
- In the third sheet (Country) a country code list is enclosed
- In the fourth sheet (Industry) an industry code list is enclosed
- In the fifth sheet the report sheet is enclosed; Company 1and so on.
It is possible to report for several Norwegian investors in a single Excel form. In that case, the report must be done in separate sheets for each investor (Company 1, Company 2 etc.). The foreign enterprise that has a Norwegian investor is filled in line by line downwards in the sheet.
Some of the information shall only be given on subsidiaries (see guidance).
For more information, see the attached documents in the column at the right.
Your answers are valuable
The survey aims to obtain information on “Norwegian companies’ foreign direct investment abroad” and on “Norwegian controlled companies’ activity abroad” (Foreign Affiliates Statistics). Collected data are used for the compilation of statistics reported to international organization’s including Eurostat, OECD and the IMF.
Who needs to complete the survey?
Norwegian enterprises (Norwegian investors) with a direct investment from 20 per cent and above in a foreign enterprise, shall report. It shall be given information on each single foreign enterprise with such investments and for all underlying foreign enterprises in the same company group (see example figure). The questionnaire applies to the financial year 2017. In cases where the enterprise uses divergent accounting principles, use the last available annual account statement from 2017.
If the enterprise has changed name, type of activity, or address, this must be reported using the Coordinated register notification. More information on this is available at www.brreg.no/home. The survey must still be answered if there has been no activity in the enterprise during the period to be reported.
How to submit the survey
The information is to be reported electronically via Altinn. For more information, see ‘How to answer surveys in Altinn on behalf of an enterprise’, located under DOCUMENTS in the column at the right.
Only those who have been assigned the relevant role can answer surveys on behalf of the enterprise in Altinn. To fill out this form, you need to have one of the following roles:
- responsible auditor
- accountant without signing rights
If you do not have one of the roles above, senior management can delegate this role on behalf of the enterprise.
If you have problems with login or roles, contact Altinn on +47 75 00 60 00, or find more information at www.altinn.no/en
The duty to report
The Statistics Act gives Statistics Norway the authority to collect the information, and to impose a compulsory fine to any party failing to report within the deadline. For more information, see:
- The duty to provide information, and the right to collect information: Statistics Act, Section 2-2
- The right to impose a compulsory fine: Statistics Act, Section 2-3
- The right to enforce the collection of a fine and demand payment for costs: Tax Administration Act
- The right to appeal an administrative decision: Public Administration Act, Chapter VI
The submission deadline is specified in the Altinn inbox.