391268
/en/offentlig-sektor/statistikker/offregn/aar
391268
statistikk
2019-12-12T08:00:00.000Z
Public sector;Public sector
en
offregn, Public corporations, accounts, central government corporations, local government corporations, central government quasi-corporations, profit and loss account, balance sheet, accounts by industryLocal government finances , Central government finances , Public sector
true

Public corporations, accounts

Updated

Next update

Not yet determined

Key figures

15.7 %

operating income in per cent of operating income

Public corporations, accounts
20182017 - 2018
NOK millionPer cent change
Operating income
Operating income1 326 61115.7
Operating expenses981 45413.3
Operating profit345 15723.2
Net profit for the year368 79411.8
Balance
Fixed Assets2 863 3303.2
Current Assets657 4654.5
Assets3 520 7943.4
Equity and liabilities3 520 7933.5

See selected tables from this statistics

Table 1 
Public non-financial corporations. Income statement. Selected accounting figures. NOK million and share.

Public non-financial corporations. Income statement. Selected accounting figures. NOK million and share.
201620172018
NOK millionShareNOK millionShareNOK millionShare
Income Statement
Operating income900 809100.01 146 547100.01 326 611100.0
Revenue813 15790.31 062 85792.71 228 95192.6
Special public taxes-580.010.090.0
Public subsidies8 3370.98 4420.76 4030.5
Income from rent, real property and other income from rent14 0041.615 8081.416 7551.3
Profit on disposals (sale etc.) of fixed assets1 8930.21 8740.21 1410.1
Other operating income63 3617.057 5685.073 3705.5
 
Operating expenses771 78285.7866 31775.6981 45474.0
Raw materials and consumables used342 55238.0460 46640.2588 95144.4
Payroll expense94 46810.590 3757.988 3356.7
Depreciation and amortisation expense126 54414.0101 8428.9104 1137.8
Other operating expenses208 21523.1213 63518.6200 05515.1
 
Operating profit129 02714.3280 22924.4345 15726.0
Financial income143 97316.0286 16525.0231 91917.5
Financial expense93 21910.3127 74411.164 2554.8
Operating result before tax179 78020.0438 84138.3512 82138.7
Tax55 9226.2105 9769.2140 12210.6
Operating result123 85913.7332 68029.0372 69928.1
Net extraordinary income-3 092-0.3-746-0.180.0
Net profit for the year119 99313.3329 98028.8368 79427.8

Table 2 
Public non-financial corporations. Balance sheet. Selected accounting figures. NOK million and share.

Public non-financial corporations. Balance sheet. Selected accounting figures. NOK million and share.
201620172018
NOK millionShareNOK millionShareNOK millionShare
Balance Sheet
Fixed Assets2 583 29082.12 774 33681.52 863 33081.3
Intangible fixed assets108 3873.4113 1593.367 0271.9
Tangible fixed assets963 20230.61 012 35029.71 014 33928.8
Building and plants554 19317.6565 53716.6577 81516.4
Plant under construction41 5461.342 0071.245 4921.3
Houses, land and other real property19 6080.630 9550.920 9330.6
Veicles, machinery and equipment etc62 8172.066 9022.076 9262.2
Other fixed assets285 0389.1306 9499.0293 1738.3
Financial fixed assets1 505 87647.91 639 56048.21 781 96150.6
Investments in group companies/subsidiaries1 073 10934.11 173 20334.51 329 48337.8
Investments in associated companies70 0092.252 9071.653 3341.5
Loans to group companies, associated companies and joint ventures296 2449.4338 1219.9318 3399.0
Investments in shares and bonds18 2100.632 1540.922 7480.6
Other receivables48 3041.543 1751.358 0571.6
 
Current Assets563 72417.9629 06518.5657 46518.7
Inventories35 0311.135 0951.028 9530.8
Debtors335 69510.7400 86411.8389 88711.1
Account receivable from customers and earned , not invoiced operating income102 1393.2120 7983.5118 7813.4
Receivables from group companies185 4005.9227 8786.7226 2266.4
Other receivables48 1561.552 1881.544 8801.3
Investments78 2732.573 4312.277 9072.2
Cash and bank deposits114 7183.6119 5313.5160 6834.6
 
Assets3 147 014100.03 403 402100.03 520 794100.0
 
Equity1 403 83644.61 551 21145.61 758 97950.0
Invested equity805 48825.6920 62927.11 053 92429.9
Share capital424 50613.5427 03012.5419 98711.9
Share premium reserve302 4319.6319 7809.4464 15113.2
Invested other equity78 5512.5173 8195.1169 7864.8
Retained earnings598 34619.0630 80518.5705 06220.0
Reserve for valuation variances20 2020.654 1391.682 9482.4
Other equity617 06019.6618 75218.2663 64318.8
Uncovered losses-38 916-1.2-42 086-1.2-41 529-1.2
 
Long term liabilities1 104 24235.11 161 18534.11 073 31130.5
Provisions212 1056.7222 1216.5324 1899.2
Bonds312 3949.9303 1958.9283 0988.0
Financial institutions139 1814.4153 6674.597 4082.8
Liabilities to group companies284 1339.0351 69010.3236 4446.7
Financial liabilities7 4170.27 1810.25 0760.1
Other long term liabilities149 0134.7123 2923.6127 0963.6
 
Current liabilities638 93720.3690 94020.3688 50319.6
Financial institutions76 7672.464 4861.975 3482.1
Trade creditors53 4671.752 8311.659 5951.7
Public duties and tax payable40 7621.358 6861.770 1002.0
Dividends payable72 9252.3132 6473.980 0352.3
Liabilities to group companies241 8487.7263 3757.7256 8917.3
Other short term liabilities146 8174.7112 9123.3146 5334.2
 
Equity and liabilities3 147 014100.03 403 335100.03 520 793100.0

Table 3 
Public non-financial corporations. Income statement and balance sheet by section. Selected accounting figures. NOK million.

Public non-financial corporations. Income statement and balance sheet by section. Selected accounting figures. NOK million.
2018Agriculture, forestry and fishingMining and quarryingManufacturingElectricity, gas, steam and air conditioning supplyWater supply, sewerage, wasteConstructionWholesale and retail trade: repair of motor vehicles and motorcyclesTransportation and storageAccommodation and food service activitiesInformation and communicationReal estate activitiesProfessional, scientific and technical activitiesAdministrative and support service activitiesPublic administration and defenceEducationHuman health and social work activitiesArts, entertainment and recreationOther sectionsIn total
Income Statement
Operating income557947 10823 422135 1426 63510 94122 77759 54940656 7577 3095 7464 69102156 33738 856160.01 326 608
Revenue319892 49521 680127 6866 3249 05322 41147 11733252 9201 2183 7211 22701143 76338 51757.01 228 954
Other operating income17454 1361 7296 254985643542 236262 7566461 4015340222 21416364.073 371
 
Operating expenses418666 84721 54294 0826 13710 26122 51955 96742648 6374 7815 7984 16702126 13833 363163.0981 458
Raw materials and consumables used20486 0005 14648 9231 7082 47619 0617 5316115 490221947423012859704588 952
Payroll expense12725 2255 66611 5111 4322 6552 31920 30617210 7425002 60052601153 6966667488 332
Depreciation and amortisation expense1074 2161 64310 7765976001805 680116 9171 7011601 115052402573104 111
Other operating expenses26081 4059 08822 8722 3994 52895922 45018015 4892 3582 0902 1040791 34132 36981200 052
 
Operating profit139280 2611 88041 0594996812583 582-208 1202 530-52523051985 495-2345 156
 
Operating result before tax154296 5683 60783 3954571 0292613 01245112 6795 364123410051835 530-1512 821
 
Net profit for the year145183 6722 72562 4273688712111 74747106 3384 091102346041785 526-5368 793
 
Balance Sheet
Assets2 7621 758 62063 728903 60811 20529 5727 921125 097427390 111146 26935 09229 11691396 8579 2819833 520 797
Fixed Assets2 2181 428 25733 037761 4268 35819 3902 33393 572290317 997135 83628 17324 1552414 0583 4817062 863 330
Current Assets544330 36330 691142 1822 84810 1825 58831 52513872 11410 4326 9184 9617972 7995 799276657 464
 
Equity and liabilities2 7621 758 62063 728903 60711 20529 5727 921125 096427390 111146 26935 09229 11691396 8579 2819833 520 795
Equity2 419826 97831 174461 5162 35812 3782 21748 735277242 75987 09225 9458 8056703 9601 6985901 758 977
Long term liabilities88585 45411 594286 6166 9148 2932 05352 5163047 58645 5024 69117 9043101 7612 0822121 073 309
Current liabilities254346 18920 960155 4741 9348 9003 65023 84412099 76713 6744 4542 4060571 1365 500181688 500

Table 4 
Public non-financial corporations, with out central government enterprises. Selected key figures.

Public non-financial corporations, with out central government enterprises. Selected key figures.
201620172018
1Operating profit in per cent of operating income at 31. December.
2Operating result before tax in per cent of operating income at 31. December.
3Operating result before tax + interest expense in per cent of total equity and liabilities at 31 December.
4Operating result in per cent of total equity at 31 December.
5Equity in per cent of total equity and liabilities at 31 December.
6Current assets at 31 December in proportion to current liabilities at 31 Decenber.
7Fixed assets in proportion to long- term capital at 31 December.
8Total liabilities in proportion to total equity at 31 December.
Key figures
Operating profit margin. Per cent19.0118.3420.18
Operating margin. Per cent216.4334.9235.31
Return on total assets. Per cent37.1714.7414.05
Return on equity. Per cent45.6117.1716.39
Equity ratio. Per cent543.0543.8348.77
Current ratio60.870.890.93
Ratio of fixed assets to long term capital71.041.031.02
Debt-to-equity ratio81.321.281.05

Table 5 
Central government corporations. Income statement. Selected accounting figures. NOK million and share.

Central government corporations. Income statement. Selected accounting figures. NOK million and share.
201620172018
NOK millionShareNOK millionShareNOK millionShare
Income Statement
Operating income627 620100.0839 104100.0991 082100.0
Revenue564 25589.9777 44792.7918 18392.6
Special public taxes-180.0-170.0-200.0
Public subsidies4 4960.74 5850.54 9380.5
Income from rent, real property and other income from rent9 4471.510 8961.39 7241.0
Profit on disposals (sale etc.) of fixed assets7420.11 0000.15140.1
Other operating income48 6627.845 1595.457 7035.8
 
Operating expenses584 32393.1685 36181.7790 05279.7
Raw materials and consumables used293 75346.8410 46948.9512 89851.8
Payroll expense70 37711.265 4947.865 9156.7
Depreciation and amortisation expense81 78713.065 5877.864 7186.5
Other operating expenses138 40522.1143 81117.1146 52114.8
 
Operating profit43 2976.9153 74218.3201 03020.3
Financial income122 20719.5256 38630.6205 01520.7
Financial expense71 89611.5110 66513.248 3624.9
Operating result before tax93 60714.9299 65435.7357 68336.1
Tax48 0777.797 61111.6126 17012.7
Operating result45 5317.3201 85824.1231 51323.4
Net extraordinary income-1260.0-1650.000.0
Net profit for the year44 8647.1199 64223.8228 14023.0

Table 6 
Central government corporations. Balance sheet. Selected accounting figures.

Central government corporations. Balance sheet. Selected accounting figures.
201620172018
NOK millionShareNOK millionShareNOK millionShare
Balance Sheet
Fixed Assets1 854 84480.52 000 66180.02 049 64579.9
Intangible fixed assets43 0201.943 3961.749 7371.9
Tangible fixed assets502 09821.8532 98921.3528 95320.6
Buildings and plants171 9347.5184 3427.4173 6786.8
Plant under construction25 8691.124 5931.029 3681.1
Houses, land and other real property6 4940.35 9070.24 8890.2
Veicles, machinery and equipment etc.36 6591.637 9381.544 2961.7
Other fixed assets.261 14211.3280 20911.2276 72210.8
Financial fixed assets1 308 22256.81 419 51456.71 470 95657.4
Investments in group companies/subsidiaries969 11242.11 055 19542.21 144 59444.6
Investments in associated companies48 1872.130 0501.228 7391.1
Loans to group companies, associated companies and joint ventures241 05310.5285 50011.4243 8259.5
Loans to group cInvestments in shares and bonds10 2820.423 6740.914 2690.6
LoanOther receivables39 5881.725 0951.039 5291.5
 
Current Assets449 52219.5501 09820.0514 26520.1
Inventories28 5191.229 5471.221 6090.8
Debtors262 89111.4318 86112.7295 93911.5
Account receivable from customers and earned , not invoiced operating income62 9942.778 1663.171 1862.8
Account receivable Receivables from group companies160 0376.9197 3777.9191 2277.5
Other receivables39 8601.743 3181.733 5261.3
Investments74 6873.269 0442.872 7422.8
Cash and bank deposits83 4253.683 6073.3123 9754.8
 
Assets2 304 366100.02 501 760100.02 563 910100.0
 
Equity1 015 16544.11 125 06845.01 266 33549.4
Invested equity516 40222.4601 00224.0674 92026.3
Share capital222 2879.6208 3768.3201 3577.9
Share premium reserve228 1589.9232 1549.3321 13612.5
Invested other equity65 9572.9160 4726.4152 4275.9
Retained earnings498 76221.6524 08720.9591 41623.1
Reserve for valuation variances12 7280.647 9001.976 0573.0
Other equity521 79922.6514 42520.6553 37421.6
Uncovered losses-35 765-1.6-38 238-1.5-38 015-1.5
 
Long term liabilities760 06033.0792 83131.7733 84928.6
Provisions124 9755.4133 0845.3237 9119.3
Bonds252 47911.0232 2229.3222 1428.7
Financial institutions43 0801.955 7722.241 1551.6
Liabilities to group companies228 5739.9285 10411.4138 2445.4
Financial liabilities1700.0270.030.0
Other long term liabilities110 7844.886 6223.594 3943.7
 
Current liabilities529 14223.0583 82123.3563 72522.0
Financial institutions64 6752.852 6022.164 4222.5
Trade creditors33 3781.437 8661.543 1201.7
Public duties and tax payable29 3371.346 1381.853 1752.1
Dividends payable64 2092.8122 2034.969 3802.7
Liabilities to group companies218 1099.5235 0409.4222 2688.7
Other short term liabilities113 3714.984 3803.4111 3594.3
 
Equity and liabilities2 304 366100.02 501 720100.02 563 909100.0

Table 7 
Central government corporations. Selected key figures

Central government corporations. Selected key figures
201620172018
1Operating profit in per cent of operating income at 31. December.
2Operating result before tax in per cent of operating income at 31. December.
3Operating result before tax + interest expense in per cent of total equity and liabilities at 31 December.
4Operating result in per cent of total equity at 31 December.
5Equity in per cent of total equity and liabilities at 31 December.
6Current assets at 31 December in proportion to current liabilities at 31 Decenber.
7Fixed assets in proportion to long- term capital at 31 December.
8Total liabilities in proportion to total equity at 31 December.
Operating profit margin. Per cent16.9018.3220.28
Operating margin. Per cent214.9135.7136.09
Return on total assets. Per cent37.1816.4015.84
Return on equity. Per cent44.4917.9418.28
Equity ratio. Per cent544.0544.9749.39
Current ratio60.850.860.91
Ratio of fixed assets to long term capital71.041.041.02
Debt-to-equity ratio81.271.221.02

Table 8 
Central government quasi- corporations. Income statement. Selected accounting figures. NOK million and share.

Central government quasi- corporations. Income statement. Selected accounting figures. NOK million and share.
201620172018
NOK millionShareNOK millionShareNOK millionShare
Income Statement
Operating income133 120100.0163 090100.0189 201100.0
Revenue127 21895.6157 66196.7183 77397.1
Special public taxes00.000.000.0
Public subsidies9070.73750.200.0
Income from rent, real property and other income from rent00.000.000.0
Profit on disposals (sale etc.) of fixed assets00.000.010.0
Other operating income4 9953.85 0543.15 4272.9
 
Operating expenses73 28255.063 19438.773 61538.9
Raw materials and consumables used4 7003.55 4743.426 25613.9
Payroll expense1 3991.11 4130.98690.5
Depreciation and amortisation expense30 70723.121 28713.127 17014.4
Other operating expenses36 47527.435 02021.519 31910.2
 
Operating profit59 83845.099 89661.3115 58661.1
Financial income5 0703.81 9971.21 7130.9
Financial expense11 2218.46 4864.06 1503.3
Operating result before tax53 68740.395 40758.5111 14958.7
Tax60.050.020.0
Operating result53 68140.395 40258.5111 14758.7
Net extraordinary income00.000.000.0
Net profit for the year53 68140.395 40258.5111 14758.7

Table 9 
Central government quasi- corporations. Income statement. Selected accounting figures. NOK million and share.

Central government quasi- corporations. Income statement. Selected accounting figures. NOK million and share.
201620172018
NOK millionShareNOK millionShareNOK millionShare
Balance Sheet
Fixed Assets221 92591.2225 35890.1217 26287.2
Intangible fixed assets4550.24940.22800.1
Tangible fixed assets221 32390.9224 69189.8216 70587.0
Buildings and plants221 01090.8224 20089.6216 53586.9
Plant under construction390.01770.1270.0
Houses, land and other real property00.000.000.0
Veicles, machinery and equipment etc.1980.12420.11380.1
Other fixed assets.760.0720.050.0
Financial fixed assets90.090.02760.1
Investments in group companies/subsidiaries00.000.000.0
Investments in associated companies70.070.030.0
Loans to group companies, associated companies and joint ventures00.000.000.0
Loans to group cInvestments in shares and bonds20.020.020.0
LoanOther receivables00.000.02710.1
 
Current Assets21 4448.824 8099.931 87312.8
Inventories3 0151.22 8241.13 9121.6
Debtors18 2497.521 7808.727 86911.2
Account receivable from customers and earned , not invoiced operating income17 7847.321 2568.527 37211.0
Account receivable Receivables from group companies4530.24940.24950.2
Other receivables120.0300.020.0
Investments00.000.000.0
Cash and bank deposits1800.12050.1930.0
 
Assets243 369100.0250 167100.0249 134100.0
 
Equity153 94563.3169 14167.6163 45965.6
Invested equity153 07562.9168 15467.2162 69865.3
Share capital153 10662.9168 11667.2162 66065.3
Share premium reserve00.000.000.0
Invested other equity-310.0380.0380.0
Retained earnings8700.49870.47610.3
Reserve for valuation variances2280.100.000.0
Other equity6420.39870.47610.3
Uncovered losses00.000.000.0
 
Long term liabilities74 98230.871 31728.568 57327.5
Provisions67 56627.867 67327.165 21626.2
Bonds00.000.000.0
Financial institutions00.000.000.0
Liabilities to group companies240.0150.090.0
Financial liabilities00.000.000.0
Other long term liabilities7 3923.03 6291.53 3481.3
 
Current liabilities14 4425.99 7103.917 1026.9
Financial institutions00.000.000.0
Trade creditors2 8371.23 0511.23 1691.3
Public duties and tax payable1220.1950.0790.0
Dividends payable00.000.000.0
Liabilities to group companies20.010.060.0
Other short term liabilities11 4814.76 5632.613 8485.6
 
Equity and liabilities243 369100.0250 167100.0249 134100.0

Table 10 
Local government owned enterprises. Income statement. Selected accounting figures. NOK million and share.

Local government owned enterprises. Income statement. Selected accounting figures. NOK million and share.
201620172018
NOK millionShareNOK millionShareNOK millionShare
Income Statement
Operating income140 069100.0144 353100.0146 328100.0
Revenue121 68486.9127 74988.5126 99586.8
Special public taxes-400.0180.0290.0
Public subsidies2 9342.13 4822.41 4651.0
Income from rent, real property and other income from rent4 5573.34 9123.47 0314.8
Profit on disposals (sale etc.) of fixed assets1 1510.88740.66260.4
Other operating income9 7046.97 3555.110 2407.0
 
Operating expenses114 17781.5117 76281.6117 78780.5
Raw materials and consumables used44 09931.544 52330.849 79734.0
Payroll expense22 69216.223 46816.321 55114.7
Depreciation and amortisation expense14 05010.014 96810.412 2258.4
Other operating expenses33 33523.834 80424.134 21523.4
 
Operating profit25 89218.526 59118.428 54119.5
Financial income16 69611.927 78219.225 19117.2
Financial expense10 1027.210 5937.39 7436.7
Operating result before tax32 48623.243 78030.343 98930.1
Tax7 8395.68 3605.813 9509.5
Operating result24 64717.635 42024.530 03920.5
Net extraordinary income-2 966-2.1-581-0.480.0
Net profit for the year21 44815.334 93624.229 50720.2

Table 11 
Local government owned enterprises. Balance sheet. Selected accounting figures. NOK million and andel.

Local government owned enterprises. Balance sheet. Selected accounting figures. NOK million and andel.
201620172018
NOK millionShareNOK millionShareNOK millionShare
Balance Sheet
Fixed Assets506 52184.5548 31784.2596 42384.3
Intangible fixed assets64 91210.869 26910.617 0102.4
Tangible fixed assets239 78140.0254 67039.1268 68138.0
Buildings and plants161 24926.9156 99524.1187 60226.5
Plant under construction15 6382.617 2372.616 0972.3
Houses, land and other real property13 1142.225 0483.816 0442.3
Veicles, machinery and equipment etc.25 9604.328 7224.432 4924.6
Other fixed assets.23 8204.026 6684.116 4462.3
Financial fixed assets197 64533.0220 03733.8310 72943.9
Investments in group companies/subsidiaries103 99717.4118 00818.1184 88926.1
Investments in associated companies21 8153.622 8503.524 5923.5
Loans to group companies, associated companies and joint ventures55 1919.252 6218.174 51410.5
Loans to group cInvestments in shares and bonds7 9261.38 4781.38 4771.2
LoanOther receivables8 7161.518 0802.818 2572.6
 
Current Assets92 75815.5103 15815.8111 32715.7
Inventories3 4970.62 7240.43 4320.5
Debtors54 5559.160 2239.266 0799.3
Account receivable from customers and earned , not invoiced operating income21 3613.621 3763.320 2232.9
Account receivable Receivables from group companies24 9104.230 0074.634 5044.9
Other receivables8 2841.48 8401.411 3521.6
Investments3 5860.64 3870.75 1650.7
Cash and bank deposits31 1135.235 7195.536 6155.2
 
Assets599 279100.0651 475100.0707 750100.0
 
Equity234 72639.2257 00239.5329 18546.5
Invested equity136 01122.7151 47323.3216 30630.6
Share capital49 1138.250 5387.855 9707.9
Share premium reserve74 27312.487 62613.5143 01520.2
Invested other equity12 6252.113 3092.017 3212.4
Retained earnings98 71416.5105 73116.2112 88515.9
Reserve for valuation variances7 2461.26 2391.06 8911.0
Other equity94 61915.8103 34015.9109 50815.5
Uncovered losses-3 151-0.5-3 848-0.6-3 514-0.5
 
Long term liabilities269 20044.9297 03745.6270 88938.3
Provisions19 5643.321 3643.321 0623.0
Bonds59 91510.070 97310.960 9568.6
Financial institutions96 10116.097 89515.056 2537.9
Liabilities to group companies55 5369.366 57110.298 19113.9
Financial liabilities7 2471.27 1541.15 0730.7
Other long term liabilities30 8375.133 0415.129 3544.1
 
Current liabilities95 35315.997 40915.0107 67615.2
Financial institutions12 0922.011 8841.810 9261.5
Trade creditors17 2522.911 9141.813 3061.9
Public duties and tax payable11 3031.912 4531.916 8462.4
Dividends payable8 7161.510 4441.610 6551.5
Liabilities to group companies23 7374.028 3344.334 6174.9
Other short term liabilities21 9653.721 9693.421 3263.0
 
Equity and liabilities599 279100.0651 448100.0707 750100.0

Table 12 
Local government owned enterprises. Selected key figures.

Local government owned enterprises. Selected key figures.
201620172018
1Operating profit in per cent of operating income at 31. December.
2Operating result before tax in per cent of operating income at 31. December.
3Operating result before tax + interest expense in per cent of total equity and liabilities at 31 December.
4Operating result in per cent of total equity at 31 December.
5Equity in per cent of total equity and liabilities at 31 December.
6Current assets at 31 December in proportion to current liabilities at 31 Decenber.
7Fixed assets in proportion to long- term capital at 31 December.
8Total liabilities in proportion to total equity at 31 December.
Operating profit margin. Per cent118.4918.4219.50
Operating margin. Per cent223.1930.3330.06
Return on total assets. Per cent37.118.357.59
Return on equity. Per cent410.5013.789.13
Equity ratio. Per cent539.1739.4546.51
Current ratio60.971.061.03
Ratio of fixed assets to long term capital71.010.990.99
Debt-to-equity ratio81.551.531.15

About the statistics

The statistics include all market non-financial corporations in which either the central government or municipalities/county municipalities directly or indirectly own more than 50 per cent of the shares. These include all companies incorporated by special legislation as well as central government market entities.

 

 

Definitions

Definitions of the main concepts and variables

The Accounting Act of 17th June 1998 and the Norwegian Accounting Standard, NS 4102 govern income statement and the balance sheet.

Operating income and operating expenses, financial income and financial expenses etc is per definition in accordance with the Accounting Act. The balance sheet consists of assets (fixed assets and current assets), equity and liabilities.

The questionnaire does not include consolidated accounts.

Standard classifications

The corporations are classified in accordance with the institutional sector and industrial classification (NACE). The balance sheet is classified in accordance with the national accountings financial object grouping and with the grouping of debtors and creditors.

The following sectors are included in the statistics:
1110 Public quasi-corporations
1120 Public limited companies owned by the state etc.
1510 Municipal quasi-corporations
1520 Public limited companies owned by the municipalities ect.

Business units or corporations that are basically operating general government activities are excluded in the statistics.

The industrial classification is from 2007and the is in line with the Norwegian Standard for Industrial Classification (SN2007) which is in conformity with the EC  industrial classification NACE Rev. 2.

Administrative information

Name and topic

Name: Public corporations, accounts
Topic: Public sector

Responsible division

Division for Public Finance

Regional level

Municipality

Frequency and timeliness

Annually
Accounting statistics for Public corporations 12 months
Accounting statistics for Local Government owned rehabilitation enterprises 12 months (No longer available with effect from 2012) 
Structural statistics for Public corporations 3 months (No longer available with effect from 2012)

International reporting

As an integral part of the national accounts.

Microdata

Micro data are stored in an Oracle database together with the accounts for the private owned non-financial corporations. Published tables are stored as flat files.

Background

Background and purpose

The purpose of the statistics is to collect and compile figures needed to present macroeconomic statistics and statistics about public corporations. This started in 1961 (NOS XII 185).

Users and applications

The major user of the statistics is the National Account Division at Statistics Norway, the public authorities and the general public.

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

Coherence with other statistics

The statistics is issued annually and the data produced for that year in question is provisional. Furthermore, the figures are included the national accounts and in the financial sector balance sheet.

Legal authority

Statistics act Sections 2-2 and 3-2.

EEA reference

Council Regulation (EC) No 2223/96 – on the European system of national and regional accounts in the Community amended by Articles of Regulation 448/98, 1500/2000, 2516/2000, 995/2001, 113/2002, 1267/2003, 1392/2007 and 715/2010.

Council Regulation (EC) No 3037/90 – on the statistical classification of economic activities in the European Community amended by Article of Regulation 761/93, 29/2002 and 1893/2006

Regulation (EC) No 177/2008 of The European Parliament and of the Council – on establishing a common framework for business registers for statistical purposes and repealing council Regulation No 2186/93

Council Regulation (EC) No 2223/96 – on the European system of national and regional accounts in the community amended by Articles of Regulation 448/98, 1500/2000, 2516/2000, 995/2001, 113/2002, 1267/2003, 1392/2007 and 715/2010

Commission Regulation (EC) No 264/2000 - on the implementation of Council Regulation No 2223/96 with respect to short-term public finance statistics

Production

Population

The population comprises all Norwegian companies defined as public non-financial corporations. Corporations which are General government are excluded since these are entered into the central government and/or the local government.

These are all market oriented non-financial corporations in which the central government or municipality/county municipality directly or indirectly owns more than 50 per cent of the shares.  These include all companies incorporated by special legislation market entities.

The statistic does not include the company consolidated account.

The accounting statistics comprises income statement, balance sheet and selected accounting key figures.

The accounting figures for State´s Direct Financial Interest (SDFI) are collected from Petoros AS Annual Accounting Report for 20XX.

Data sources and sampling

The basis of the statistics is by accounting reports are obtained by the Tax questionnaire on accounting reported to the Directorate of Taxes. The statistics does not include the consolidated financial account.

With the effect from 2005, the statisticsNorwayhas obtained direct accounting information from the Central Register of Establishment of Enterprises when necessary.

By electronic reporting, the companies send a copy of the Tax questionnaire directly to Statistics Norway via Altinn.

Specifications of some selected items in the balance sheet are reported on an additional questionnaire. Accounting information for the Municipality Energy Supply corporations are collected from the "Economics and Technical report to the Norwegian Water Resources and Energy Directorate and Statistics Norway". Accounting information for smaller corporations are obtained directly from the Central Register of Establishments and Enterprises. Accounting information obtained by this method is less detailed than the Tax questionnaires on accounting.

Collection of data, editing and estimations

The Statistics Norway collects the Tax questionnaires on accounting on the companies when these are not available. The Tax questionnaires are sent out and are sent back when completed by the companies. This must be return within a stipulated deadline to the Statistics Norway.

The questionnaire is issued in connection with the deadline of providing the Tax questionnaire to the Norwegian Tax authority. The deadline for sending in the questionnaires to Statistics Norway is usually the last week in June.

The data are registered in a common accounting database at Statistics Norway that comprises both public and private non-financial corporations.

Control and revision are automatically built-in the accounting database at Statistics Norway This constitutes a control and revision of the balance sheet in accordance with the annual accounts and a macro control.

Seasonal adjustment

Not applicable

Confidentiality

This is in accordance by Statistic Act § 2-6, information published may not be traced back or identified to any individual. This is to ensure that there is no direct disclosure about individual corporations to the general public.

Comparability over time and space

Changes in the accountancy and the company act, as well as the grouping of items in the Tax questionnaires causes deviation in time series.

Starting from 2005, Norwegian companies can opt for International Financial Report Standards (IFRS) in their annual accounting reports. This has affected the comparability of different companies applying different principles.

Accuracy and reliability

Sources of error and uncertainty

The major sources of error have usually been the inability of tracking the ongoing changes in the population. The population is established by an inspection of the share of public ownership in the various corporations as it is registered in the Central Register of Establishments and Enterprises. This register is updated continuously on the basis of newly established corporations or annual company accounts.

The degree of information provided in the annual accounts by various corporations differs. In addition the companies practices different accounting principles in the same questionnaires, and this inconsistency of practice generates problems for the statistics.

Changes in Statistics Norway's information about the ownership structure in the corporations have significantly affected the changes in the total number of public corporations. 

In some cases, whereby no accounting data are available, Tax questionnaires are re-constructed based upon data available from the previous years.

Variance: Not applicable
Bias: Not applicable
Non-response: The accounting statistics only include data for the enterprises that Statistics Norway could obtain data on. Non-response is not very high.

The population requires updating continuously. This is as the result of incorrect classification of sector or industrial classification which can affect the result statistics.

Revision

http://www.ssb.no/en/omssb/styringsdokumenter/formidlingspolitikk/prinsipper-for-revisjon

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