Joint parish councils, accounts, 2007

The gross operating profit before depreciation was NOK 133 million, representing 4.6 per cent of the operating revenues. The operating revenues increased by NOK 203 million from 2006 to 2007. Grants by municipalities and county municipalities accounted for 64 per cent of the operating revenues. Revenues from transfers and reimbursements accounted for 16 per cent of the operating revenues, an increase of NOK 50 million from 2006. Revenue from sales, fees, rent and other operating revenues accounted for 7 per cent. The distribution of income has not changed significantly since 2004.

The operating expenses increased by NOK 133 million, and amounted to NOK 2794 million in 2007. Payroll expenses is the single most important expenditure item, accounting for 62 per cent of the operating expenses in 2007. Payroll expenses and expenses for goods and services accounted for 88 per cent of the operating expenses.

In the period 2004 to 2007, the operating revenue has increased by 5.8 per cent on an annual basis, whereas the operating expenses have risen by 5.7 per cent.

Net financial revenues amounted to NOK 7 million in 2007, an increase of 17 million from 2006, mainly due to an increase in net interest of NOK 12 mill from 2006.

The net result of financial expenses and income increased by NOK 70 million to NOK 140 million from 2006 to 2007, and accounted for 4.8 per cent of the operating revenue.

Calculated depreciation made by the joint parish councils amounted to NOK 116 million. However, depreciation is not accounted for in the governmental income statements for these councils with respect to the result.

The distribution of the total operating expenditure by function shows that 40 per cent was allocated to the operation of churches. Furthermore, administration accounted for 29 per cent while the operation of cemeteries and other activities represented 17 and 14 per cent respectively.

Investments

Investments in tangible fixed assets amounted to NOK 404 million in 2007, an increase of NOK 24 million from the previous year. In addition to own funds, grants, financial contributions and transfers accounted for NOK 370 million while new loans amounted to NOK 44 million.

In total, 56 per cent of the investments were related to churches and 30 per cent to cemeteries.

Balance sheet

Total assets administered by the joint parish councils in 2007 amounted to NOK 5619 million, an increase of 10.8 per cent compared to 2006. The increase in total assets has been 5 per cent on a yearly basis since 2004.

Long term liabilities were reduced from 5.7 per cent of total assets in 2006 to 4.6 per cent in 2007.

Tables:

• Table 1 Financial statement (Corrected 9 July 2008)
• Table 2 Balance Sheet
• Table 3 Total operating expenses, by purpose
• Table 4 Total investment, by purpose