Public corporations, accounts

Updated: 20 January 2021

Next update: 16 December 2021

Endring i driftsresultat fra året før
Endring i driftsresultat fra året før
2019
-23.2
%

Selected tables and figures from this statistics

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.
201720182019
NOK millionShareNOK millionShareNOK millionShare
Income Statement
Operating income1 146 5471001 326 6111001 200 670100
Revenue1 062 85792.71 228 95192.61 104 83892
Special public taxes1090-1170
Public subsidies8 4420.76 4030.56 8360.6
Income from rent, real property and other income from rent15 8081.416 7551.317 7221.5
Profit on disposals (sale etc.) of fixed assets1 8740.21 1410.12 6470.2
Other operating income57 568573 3705.568 5445.7
Operating expenses866 31775.6981 45474935 59277.9
Raw materials and consumables used460 46640.2588 95144.4499 71641.6
Payroll expense90 3757.988 3356.791 3337.6
Depreciation and amortisation expense101 8428.9104 1137.8126 34410.5
Other operating expenses213 63518.6200 05515.1218 20318.2
Operating profit280 22924.4345 15726265 07822.1
Financial income286 16525231 91917.5186 54215.5
Financial expense127 74411.164 2554.862 3415.2
Operating result before tax438 84138.3512 82138.7363 36930.3
Tax105 9769.2140 12210.6106 4588.9
Operating result332 68029372 69928.1256 93021.4
Net extraordinary income-746-0.180580
Net profit for the year329 98028.8368 79427.8258 82921.6
Explanation of symbols
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.
201720182019
NOK millionShareNOK millionShareNOK millionShare
Balance Sheet
Fixed Assets2 774 33681.52 863 33081.33 164 66483.8
Intangible fixed assets113 1593.367 0271.976 6962
Tangible fixed assets1 012 35029.71 014 33928.81 120 36829.7
Building and plants565 53716.6577 81516.4607 15916.1
Plant under construction42 0071.245 4921.345 1211.2
Houses, land and other real property30 9550.920 9330.622 1300.6
Veicles, machinery and equipment etc66 902276 9262.287 1242.3
Other fixed assets306 9499293 1738.3358 8349.5
Financial fixed assets1 639 56048.21 781 96150.61 967 58952.1
Investments in group companies/subsidiaries1 173 20334.51 329 48337.81 406 83637.3
Investments in associated companies52 9071.653 3341.572 7121.9
Loans to group companies, associated companies and joint ventures338 1219.9318 3399363 6499.6
Investments in shares and bonds32 1540.922 7480.658 4451.5
Other receivables43 1751.358 0571.665 9471.7
Current Assets629 06518.5657 46518.7611 38116.2
Inventories35 095128 9530.838 0211
Debtors400 86411.8389 88711.1392 67810.4
Account receivable from customers and earned , not invoiced operating income120 7983.5118 7813.4114 5013
Receivables from group companies227 8786.7226 2266.4234 7896.2
Other receivables52 1881.544 8801.343 3881.1
Investments73 4312.277 9072.280 2172.1
Cash and bank deposits119 5313.5160 6834.6100 2922.7
Assets3 403 4021003 520 7941003 776 046100
Equity1 551 21145.61 758 979501 900 20850.3
Invested equity920 62927.11 053 92429.91 128 10729.9
Share capital427 03012.5419 98711.9413 89311
Share premium reserve319 7809.4464 15113.2549 58414.6
Invested other equity173 8195.1169 7864.8164 6304.4
Retained earnings630 80518.5705 06220772 26220.5
Reserve for valuation variances54 1391.682 9482.487 1072.3
Other equity618 75218.2663 64318.8728 90219.3
Uncovered losses-42 086-1.2-41 529-1.2-43 747-1.2
Long term liabilities1 161 18534.11 073 31130.51 206 67632
Provisions222 1216.5324 1899.2362 1329.6
Bonds303 1958.9283 0988277 9037.4
Financial institutions153 6674.597 4082.8107 4202.8
Liabilities to group companies351 69010.3236 4446.7282 6657.5
Financial liabilities7 1810.25 0760.16 7120.2
Other long term liabilities123 2923.6127 0963.6169 8074.5
Current liabilities690 94020.3688 50319.6668 18217.7
Financial institutions64 4861.975 3482.162 8051.7
Trade creditors52 8311.659 5951.754 5051.4
Public duties and tax payable58 6861.770 100260 5551.6
Dividends payable132 6473.980 0352.369 5541.8
Liabilities to group companies263 3757.7256 8917.3278 1807.4
Other short term liabilities112 9123.3146 5334.2142 5843.8
Equity and liabilities3 403 3351003 520 7931003 774 919100
Explanation of symbols
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.
2019Agriculture, 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 income444830 71825 962122 6397 28313 66122 48661 59943249 6767 5425 9164 64802576 25841 0411081 200 670
Revenue314778 70626 074115 3846 98310 68822 11247 62935246 0881 2533 5741 31901163 51840 674521 104 836
Other operating income10150 669-1365 940871 2053662 807312 6337761 2733430322 1851884468 544
Operating expenses369615 36132 31686 0426 85512 95721 84058 41944944 4094 5036 1194 05602646 06835 412152935 591
Raw materials and consumables used10400 5638 66142 5701 9803 27618 7577 1016414 440233760411016780911499 714
Payroll expense12828 9537 37410 7081 5693 4762 27120 6271907 8124622 63854801403 6777154491 332
Depreciation and amortisation expense988 7587 27510 6546246021866 650138 0051 6851831 184052382701126 342
Other operating expenses22297 0869 00722 1142 6825 60362324 04018314 1522 1232 5391 91201021 37234 336106218 202
Operating profit75215 357-6 35336 5964297046463 179-175 2673 040-2045920-81895 630-45265 077
Operating result before tax121221 884-5 81893 8625412 1966592 5024031 4555 2786025490-71649 30340363 371
Net profit for the year117138 948-4 50777 6264812 0685192 3523826 5764 0205865180-71539 30143258 832
Balance Sheet
Assets2 7801 863 43569 504978 08711 90433 7917 084137 712527413 165174 03629 84529 42261677 82512 6054 1513 776 046
Fixed Assets2 3061 524 36344 110859 0028 70622 7472 017105 943364369 250162 93423 63624 8732444 3826 5653 4213 164 665
Current Assets474339 07325 395119 0853 19811 0445 06731 76916443 91511 1026 2084 54941233 4436 040730611 383
Equity and liabilities2 7731 863 43569 500977 70211 90433 7907 084137 000527413 148174 03529 84529 42261677 82512 6054 1513 774 919
Equity2 516864 72132 512534 6262 54415 3552 44153 547364231 291113 44524 3249 3606844 0965 4413 5351 900 208
Long term liabilities68629 38212 542302 3047 10211 6771 25457 73719113 80047 3972 01516 6440152 5691 7214301 206 676
Current liabilities188369 33324 446140 9192 2586 7583 38725 71714468 05713 1943 5043 4190691 1605 442185668 180
Explanation of symbols
Public non-financial corporations, with out central government enterprises. Selected key figures.
Public non-financial corporations, with out central government enterprises. Selected key figures.
201720182019
Key figures
Operating profit margin. Per cent1 18.3420.1816.23
Operating margin. Per cent2 34.9235.3126.11
Return on total assets. Per cent3 14.7414.059.28
Return on equity. Per cent4 17.1716.399.44
Equity ratio. Per cent5 43.8348.7749.34
Current ratio6 0.890.930.89
Ratio of fixed assets to long term capital7 1.031.021.02
Debt-to-equity ratio8 1.281.051.03
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.
Explanation of symbols
Central government corporations. Income statement. Selected accounting figures. NOK million and share.
Central government corporations. Income statement. Selected accounting figures. NOK million and share.
201720182019
NOK millionShareNOK millionShareNOK millionShare
Income Statement
Operating income839 104100991 082100898 616100
Revenue777 44792.7918 18392.6827 42692.1
Special public taxes-170-200-250
Public subsidies4 5850.54 9380.55 1720.6
Income from rent, real property and other income from rent10 8961.39 724110 2291.1
Profit on disposals (sale etc.) of fixed assets1 0000.15140.11 8960.2
Other operating income45 1595.457 7035.853 8686
Operating expenses685 36181.7790 05279.7755 29684.1
Raw materials and consumables used410 46948.9512 89851.8449 81950.1
Payroll expense65 4947.865 9156.769 4667.7
Depreciation and amortisation expense65 5877.864 7186.587 9259.8
Other operating expenses143 81117.1146 52114.8148 08616.5
Operating profit153 74218.3201 03020.3143 32015.9
Financial income256 38630.6205 01520.7131 44914.6
Financial expense110 66513.248 3624.945 7305.1
Operating result before tax299 65435.7357 68336.1203 13022.6
Tax97 61111.6126 17012.795 85010.7
Operating result201 85824.1231 51323.4107 28011.9
Net extraordinary income-16500000
Net profit for the year199 64223.8228 14023108 51312.1
Explanation of symbols
Central government corporations. Balance sheet. Selected accounting figures.
Central government corporations. Balance sheet. Selected accounting figures.
201720182019
NOK millionShareNOK millionShareNOK millionShare
Balance Sheet
Fixed Assets2 000 661802 049 64579.92 222 16682.4
Intangible fixed assets43 3961.749 7371.957 2792.1
Tangible fixed assets532 98921.3528 95320.6610 76922.6
Buildings and plants184 3427.4173 6786.8190 9187.1
Plant under construction24 593129 3681.125 4750.9
Houses, land and other real property5 9070.24 8890.24 5610.2
Veicles, machinery and equipment etc.37 9381.544 2961.753 0612
Other fixed assets.280 20911.2276 72210.8336 75412.5
Financial fixed assets1 419 51456.71 470 95657.41 554 11757.6
Investments in group companies/subsidiaries1 055 19542.21 144 59444.61 205 12044.7
Investments in associated companies30 0501.228 7391.125 1650.9
Loans to group companies, associated companies and joint ventures285 50011.4243 8259.5264 2469.8
Loans to group cInvestments in shares and bonds23 6740.914 2690.69 8730.4
LoanOther receivables25 095139 5291.549 7131.8
Current Assets501 09820514 26520.1475 48717.6
Inventories29 5471.221 6090.830 7781.1
Debtors318 86112.7295 93911.5305 38011.3
Account receivable from customers and earned , not invoiced operating income78 1663.171 1862.869 9682.6
Account receivable Receivables from group companies197 3777.9191 2277.5202 4987.5
Other receivables43 3181.733 5261.332 9141.2
Investments69 0442.872 7422.876 3172.8
Cash and bank deposits83 6073.3123 9754.862 9572.3
Assets2 501 7601002 563 9101002 697 653100
Equity1 125 068451 266 33549.41 311 50148.6
Invested equity601 00224674 92026.3691 73725.6
Share capital208 3768.3201 3577.9198 3897.4
Share premium reserve232 1549.3321 13612.5347 16712.9
Invested other equity160 4726.4152 4275.9146 1815.4
Retained earnings524 08720.9591 41623.1619 77223
Reserve for valuation variances47 9001.976 057380 6683
Other equity514 42520.6553 37421.6578 04421.4
Uncovered losses-38 238-1.5-38 015-1.5-38 940-1.4
Long term liabilities792 83131.7733 84928.6838 39931.1
Provisions133 0845.3237 9119.3268 80710
Bonds232 2229.3222 1428.7220 5978.2
Financial institutions55 7722.241 1551.649 4831.8
Liabilities to group companies285 10411.4138 2445.4159 9625.9
Financial liabilities2703050
Other long term liabilities86 6223.594 3943.7139 5465.2
Current liabilities583 82123.3563 72522547 53720.3
Financial institutions52 6022.164 4222.547 1631.7
Trade creditors37 8661.543 1201.740 2301.5
Public duties and tax payable46 1381.853 1752.146 1411.7
Dividends payable122 2034.969 3802.761 3132.3
Liabilities to group companies235 0409.4222 2688.7243 8839
Other short term liabilities84 3803.4111 3594.3108 8074
Equity and liabilities2 501 7201002 563 9091002 697 437100
Explanation of symbols
Central government corporations. Selected key figures
Central government corporations. Selected key figures
201720182019
Operating profit margin. Per cent1 18.3220.2815.95
Operating margin. Per cent2 35.7136.0922.6
Return on total assets. Per cent3 16.415.849.23
Return on equity. Per cent4 17.9418.288.18
Equity ratio. Per cent5 44.9749.3948.62
Current ratio6 0.860.910.87
Ratio of fixed assets to long term capital7 1.041.021.03
Debt-to-equity ratio8 1.221.021.06
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.
Explanation of symbols
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.
201720182019
NOK millionShareNOK millionShareNOK millionShare
Income Statement
Operating income163 090100189 201100164 866100
Revenue157 66196.7183 77397.1159 81596.9
Special public taxes000000
Public subsidies3750.20000
Income from rent, real property and other income from rent000000
Profit on disposals (sale etc.) of fixed assets001000
Other operating income5 0543.15 4272.95 0513.1
Operating expenses63 19438.773 61538.967 87241.2
Raw materials and consumables used5 4743.426 25613.95 4463.3
Payroll expense1 4130.98690.59410.6
Depreciation and amortisation expense21 28713.127 17014.426 08515.8
Other operating expenses35 02021.519 31910.235 39821.5
Operating profit99 89661.3115 58661.196 99458.8
Financial income1 9971.21 7130.91 9611.2
Financial expense6 48646 1503.36 0463.7
Operating result before tax95 40758.5111 14958.792 90956.4
Tax502020
Operating result95 40258.5111 14758.792 90756.4
Net extraordinary income000000
Net profit for the year95 40258.5111 14758.792 90856.4
Explanation of symbols
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.
201720182019
NOK millionShareNOK millionShareNOK millionShare
Balance Sheet
Fixed Assets225 35890.1217 26287.2223 01288.3
Intangible fixed assets4940.22800.11 5350.6
Tangible fixed assets224 69189.8216 70587221 13987.6
Buildings and plants224 20089.6216 53586.9220 99187.5
Plant under construction1770.127090
Houses, land and other real property000010
Veicles, machinery and equipment etc.2420.11380.11330.1
Other fixed assets.7205050
Financial fixed assets902760.13380.1
Investments in group companies/subsidiaries000000
Investments in associated companies703030
Loans to group companies, associated companies and joint ventures000000
Loans to group cInvestments in shares and bonds202020
LoanOther receivables002710.13330.1
Current Assets24 8099.931 87312.829 49511.7
Inventories2 8241.13 9121.62 6621.1
Debtors21 7808.727 86911.226 79910.6
Account receivable from customers and earned , not invoiced operating income21 2568.527 3721126 58710.5
Account receivable Receivables from group companies4940.24950.22100.1
Other receivables3002020
Investments000000
Cash and bank deposits2050.1930340
Assets250 167100249 134100252 507100
Equity169 14167.6163 45965.6162 10964.2
Invested equity168 15467.2162 69865.3161 29663.9
Share capital168 11667.2162 66065.3161 25863.9
Share premium reserve000000
Invested other equity380380380
Retained earnings9870.47610.38130.3
Reserve for valuation variances000000
Other equity9870.47610.38130.3
Uncovered losses000000
Long term liabilities71 31728.568 57327.574 18129.4
Provisions67 67327.165 21626.269 91027.7
Bonds000000
Financial institutions000000
Liabilities to group companies1509010
Financial liabilities000000
Other long term liabilities3 6291.53 3481.34 2701.7
Current liabilities9 7103.917 1026.916 2176.4
Financial institutions000000
Trade creditors3 0511.23 1691.33 0841.2
Public duties and tax payable950790890
Dividends payable000000
Liabilities to group companies1060100
Other short term liabilities6 5632.613 8485.613 0355.2
Equity and liabilities250 167100249 134100252 507100
Explanation of symbols
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.
201720182019
NOK millionShareNOK millionShareNOK millionShare
Income Statement
Operating income144 353100146 328100137 188100
Revenue127 74988.5126 99586.8117 59785.7
Special public taxes180290-92-0.1
Public subsidies3 4822.41 46511 6641.2
Income from rent, real property and other income from rent4 9123.47 0314.87 4935.5
Profit on disposals (sale etc.) of fixed assets8740.66260.47510.5
Other operating income7 3555.110 24079 6257
Operating expenses117 76281.6117 78780.5112 42481.9
Raw materials and consumables used44 52330.849 7973444 45132.4
Payroll expense23 46816.321 55114.720 92615.3
Depreciation and amortisation expense14 96810.412 2258.412 3349
Other operating expenses34 80424.134 21523.434 71925.3
Operating profit26 59118.428 54119.524 76418.1
Financial income27 78219.225 19117.253 13238.7
Financial expense10 5937.39 7436.710 5657.7
Operating result before tax43 78030.343 98930.167 33049.1
Tax8 3605.813 9509.510 6067.7
Operating result35 42024.530 03920.556 74341.4
Net extraordinary income-581-0.480580
Net profit for the year34 93624.229 50720.257 40841.8
Explanation of symbols
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.
201720182019
NOK millionShareNOK millionShareNOK millionShare
Balance Sheet
Fixed Assets548 31784.2596 42384.3719 48687.1
Intangible fixed assets69 26910.617 0102.417 8822.2
Tangible fixed assets254 67039.1268 68138288 46034.9
Buildings and plants156 99524.1187 60226.5195 25023.6
Plant under construction17 2372.616 0972.319 6372.4
Houses, land and other real property25 0483.816 0442.317 5682.1
Veicles, machinery and equipment etc.28 7224.432 4924.633 9304.1
Other fixed assets.26 6684.116 4462.322 0752.7
Financial fixed assets220 03733.8310 72943.9413 13450
Investments in group companies/subsidiaries118 00818.1184 88926.1201 71624.4
Investments in associated companies22 8503.524 5923.547 5445.8
Loans to group companies, associated companies and joint ventures52 6218.174 51410.599 40312
Loans to group cInvestments in shares and bonds8 4781.38 4771.248 5705.9
LoanOther receivables18 0802.818 2572.615 9011.9
Current Assets103 15815.8111 32715.7106 39912.9
Inventories2 7240.43 4320.54 5810.6
Debtors60 2239.266 0799.360 4997.3
Account receivable from customers and earned , not invoiced operating income21 3763.320 2232.917 9462.2
Account receivable Receivables from group companies30 0074.634 5044.932 0813.9
Other receivables8 8401.411 3521.610 4721.3
Investments4 3870.75 1650.73 9000.5
Cash and bank deposits35 7195.536 6155.237 3014.5
Assets651 475100707 750100825 886100
Equity257 00239.5329 18546.5426 59851.7
Invested equity151 47323.3216 30630.6275 07433.3
Share capital50 5387.855 9707.954 2466.6
Share premium reserve87 62613.5143 01520.2202 41724.5
Invested other equity13 309217 3212.418 4112.2
Retained earnings105 73116.2112 88515.9151 67718.4
Reserve for valuation variances6 23916 89116 4390.8
Other equity103 34015.9109 50815.5150 04518.2
Uncovered losses-3 848-0.6-3 514-0.5-4 807-0.6
Long term liabilities297 03745.6270 88938.3294 09635.6
Provisions21 3643.321 062323 4152.8
Bonds70 97310.960 9568.657 3066.9
Financial institutions97 8951556 2537.957 9377
Liabilities to group companies66 57110.298 19113.9122 70214.9
Financial liabilities7 1541.15 0730.76 7070.8
Other long term liabilities33 0415.129 3544.125 9913.2
Current liabilities97 40915107 67615.2104 42812.7
Financial institutions11 8841.810 9261.515 6421.9
Trade creditors11 9141.813 3061.911 1911.4
Public duties and tax payable12 4531.916 8462.414 3251.7
Dividends payable10 4441.610 6551.58 2411
Liabilities to group companies28 3344.334 6174.934 2874.2
Other short term liabilities21 9693.421 326320 7422.5
Equity and liabilities651 448100707 750100824 975100
Explanation of symbols
Local government owned enterprises. Selected key figures.
Local government owned enterprises. Selected key figures.
201720182019
Operating profit margin. Per cent1 18.4219.518.05
Operating margin. Per cent2 30.3330.0649.08
Return on total assets. Per cent3 8.357.599.44
Return on equity. Per cent4 13.789.1313.3
Equity ratio. Per cent5 39.4546.5151.71
Current ratio6 1.061.031.02
Ratio of fixed assets to long term capital7 0.990.991
Debt-to-equity ratio8 1.531.150.93
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.
Explanation of symbols

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.

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.

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.

Name: Public corporations, accounts

Topic: Public sector

16 December 2021

Division for Public Finance

National level

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)

As an integral part of the national accounts.

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.

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).

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

No external users have access to the statistics and analyses before they are published and accessible simultaneously for all users on ssb.no at 8 am. Prior to this, a minimum of three months' advance notice is given in the Statistics Release Calendar. This is one of Statistics Norway’s key principles for ensuring that all users are treated equally.

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.

Statistics act Section 10

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

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.

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.

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 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.

Not relevant

This is in accordance by Statistic Act §7, 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.

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.

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.





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