14075_om_not-searchable
/en/transport-og-reiseliv/statistikker/gvregnaksje/aar
14075_om
statistikk
2007-03-13T10:00:00.000Z
Transport and tourism
en
false

Road goods transport, accounting figures for joint-stock companies2005

Content

About the statistics

Definitions

Name and topic

Name: Road goods transport, accounting figures for joint-stock companies
Topic: Transport and tourism

Responsible division

Transport, Tourism and ICT Statistics

Definitions of the main concepts and variables

Operating income and operating expenditure are ordinary non-financial revenues and expenses. Operating income is broken down into sales revenues and other operating revenues. Operating expenditures cover costs of goods, changes in stocks, compensation of employees, depreciation of fixed tangible assets and intangible assets, write-down of fixed tangible assets and intangible assets and other operating expenditures. Operating profit/loss emerges as the difference between operating income and operating expenditure.

Fixed assets comprise assets mainly included in the enterprise’s long-term value-creation process and are specifically for permanent ownership or use, and claims and securities whose redemption is presupposed later than one year after the time of settlement. Fixed assets include tangible assets (machinery and furniture and fixtures, real property), intangible assets (patents, goodwill, etc.) and long-term capital investments (shares, units, etc.)

Current assets are assets tied to the enterprise’s sale of goods and services, or are expected to have a term of service of less than one year in the establishment. This includes means of payment and short-term capital investments (cash, bank deposits, shares, bonds, etc.), accounts receivable and stock of goods. Accounts receivables are current assets if it is agreed or presumed that they are paid within one year after the expiration of the fiscal year.

Equity is the part of the total capital that belongs to the owners, and it is shown as the value of the assets less debt. There are two main classifications of equity: invested equity and earned equity. Invested equity consists of the enterprise’s capital (share capital) and share premium account. Earned equity consists of funds for valuation differences and other equity.

Liabilities include all obligations that can place restrictions on the future use of the enterprise’s resources, and are divided into provisions for obligations, other long-term liabilities and short-term liabilities. Long-term liabilities are legal or financial obligations that cannot be redeemed in the coming accounting period, and cannot be connected to the enterprise’s short-term sale of goods and services. Short-term liabilities are debit items falling due for payment within one year from the time of settlement, or debt directly connected to the enterprise’s short-term sales of goods and services.

The key figures provide summarized information about a company’s profitability, capital strength and liquidity:

  • The operating profit margin shows the ratio between operating profit and operating income.
  • The operating margin shows the ratio between result before taxes and operating income.
  • Return on total assets measures the yield on invested total capital.
  • Return on equity shows the yield on equity.
  • Circulation rate on total asset expresses the annual ratio of turnover to total assets. This can measure how well the capital tied up in an enterprise is utilized or how capital intensive the business.
  • The equity ratio expresses the capital strength of the enterprise, i.e. the ability to withstand setbacks and losses.
  • The current ratio is the proportion of current assets to short-term liabilities. This figure expresses a company’s ability to meet its financial obligations.

Standard classifications

Industrial classification is in accordance with the revised Norwegian Standard Industrial Classification (SN2002) based on the EU industrial classification NACE Rev. 1 and the UN industrial classification ISIC Rev. 3.

Administrative information

Regional level

County level.

Frequency and timeliness

Annual.

The statistics will be published 11-12 months after the last reference year.

International reporting

Not relevant

Microdata

Final statistical files are stored.

Background

Background and purpose

The purpose of these statistics is to present selected accounting figures and computed key figures for the businesses in road goods transport. Corresponding figures are presented for all non-financial joint-stock companies in the aggregate. The figures can provide a basis for assessing profitability, financing and liquidity of the joint-stock companies belonging to road goods transport.

Users and applications

Public authorities, the business sector, industry organizations and the media.

Coherence with other statistics

Structural statistics for the road goods transport are published annually. Structural statistics are based on the trading statements collected by Statistics Norway and use the enterprise and establishment as statistical units. Accounts statistics are based on the annual accounts submitted to the Register of Company Accounts in Brønnøysund and use enterprises organized as joint-stock companies as the statistical units. There are different statistical bases for the accounts statistics and structural statistics. At the same time, only enterprises organized as joint-stock companies are covered by the accounts statistics. The performance of the road goods transport will be described differently in these statistics.

Legal authority

Statistics Act Section 2-1, 3-2.

EEA reference

Not relevant

Production

Population

Accounts statistics for road goods transport cover all filing-subject enterprises that have submitted annual accounts at the time Statistics Norway collects the data. The accounts statistics are compiled for non-financial joint-stock companies. Accounts in which serious errors or shortcomings have been discovered in either the profit and loss or balance sheet items are not included in the statistics. Accounts for companies in the process of closing are excluded because these are accounts that have not been prepared under the going concern assumption and are thus not comparable. In this statistics figures from 2004 are used.

Data sources and sampling

Accounts statistics are based on the enterprises' official annual accounts submitted to the Register of Company Accounts in Brønnøysund. The individual annual accounts include information from the Central Coordinating Register for Legal Entities in Brønnøysund and from Statistics Norway's Central Register of Establishments and Enterprises.

Total census.

Collection of data, editing and estimations

The Register of Company Accounts in Brønnøysund records the annual accounts electronically and delivers them to Statistics Norway. Statistics Norway annually receives three deliveries of annual accounts in electronic form from the Register of Company Accounts in Brønnøysund.

The Register of Company Accounts in Brønnøysund and Statistics Norway carry out mechanical and manual controls to ensure that the accounting information is correctly recorded. Further checks are done to determine whether the individual items in the profit and loss account and balance sheet correspond and whether they correspond to other available statistics. http://www.ssb.no/regnaksje_en/

All level number is calculated by aggregation. Key figures are calculated as a ratio between the respectively aggregated figures.

Confidentiality

According to Statistics Act Section 2-6, figures shall not be published in such a way that they may be traced to a particular respondent. There are no such problems connected to the figures in this statistics.

Comparability over time and space

From 1993 to 2003, the Register of Company Accounts in Bønnøysund printed the annual accounts for Creditform, which registered them electronically. Statistics Norway then bought the accounts from Creditform. As from 2004, Statistics Norway gets the annual accounts in electronic form directly from the Register of Company Accounts in Brønnøysund. Changing the deliverers of the accounting data may cause differences in the statistics. For example, if different classification schemes for the same items were used when the data were registered.

Accuracy and reliability

Sources of error and uncertainty

See &“About the statistics´´ for &“Accounts statistics´´.

http://www.ssb.no/regnaksje_en/

Accounts in which serious errors or shortcomings have been discovered in either the profit and loss or balance sheet items are not included in the statistics. The last volume published is preliminary, since not all obliged enterprises have reported their annual report of accounts when Statistics Norway collects the data.

The statistics are based on a total census and thus avoid the uncertainty associated with sample variance and non-response associated with sample surveys.

See &“About the statistics´´ for &“Accounts statistics´´.

http://www.ssb.no/regnaksje_en/