Accounting statistics, non-financial enterprises foreign financing

Updated: 3 December 2021

Next update: 4 March 2022

Year-to-year change in total liabilities abroad
Year-to-year change in total liabilities abroad
3rd quarter 2020 - 3rd quarter 2021
-3.4
%

Selected tables and figures from this statistics

Assets and liabilities in foreign countries, yearly figures by category. NOK million
Assets and liabilities in foreign countries, yearly figures by category. NOK million1
2017201820192020
Total assets1 737 6731 773 2561 955 7941 827 084
Fixed assets1 268 8991 273 6461 421 8761 314 182
Intangible fixed assets abroad282348336328
Tangible fixed assets abroad56 58948 85557 13734 805
Financial fixed assets abroad1 212 0291 224 4431 364 4021 279 048
Investment in subsidiaries, other group companies or associated companies abroad886 763915 872985 797933 783
Loans to group companies296 405282 482322 456317 523
Current assets468 774499 610533 918512 902
Debitors abroad335 654363 722381 930341 096
Investments abroad104 572103 323121 438151 028
Bank deposits abroad28 54832 56630 55020 778
Total liabilities1 354 3591 292 6621 444 5251 532 003
Long term liabilities971 142875 285999 2651 088 004
Bond loans abroad333 513334 927369 840468 564
Liabilities to foreign financial institutions130 337129 226192 834200 134
Long-term liabilities to group companies abroad464 236376 138389 806366 744
Short-term liabilities383 216417 377445 259443 998
Short-term liabilities to group companies abroad270 402284 316299 875302 170
1Figures from last year are preliminary.
Explanation of symbols
Assets and liabilities in foreign countries, by continent. NOK million. Preliminary figures
Assets and liabilities in foreign countries, by continent. NOK million. Preliminary figures
2020
Total assetsFixed assetsCurrent assetsTotal liabilitiesLong-term liabilitiesShort-term liabilities
Total1 827 0841 314 182512 9021 532 0031 088 004443 998
Europe1 289 236883 336405 9011 028 134711 104317 030
Of which
Belgium12 8544 1238 731120 590....
Sweden242 899167 97474 925125 25874 91850 339
United Kingdom167 77897 45570 323228 474182 57945 895
Germany67 62050 32317 29771 23642 37928 857
Netherlands252 937226 14626 791132 41956 85675 563
Denmark172 250116 74855 50241 16725 88215 285
Russia5 9785 0549251 400....
France47 53217 53130 00282 19171 15311 038
Switzerland25 2028 32816 87426 96512 73214 233
Finland85 07956 17128 90847 93532 29515 640
Ireland67 33932 58434 75425 4878 16217 325
Cyprus6 9825 4031 57918 44117 523919
Luxembourg18 0116 82911 18261 68757 0084 678
Iceland6 5724 9551 6171 060....
North and Central America234 032177 97356 059380 597329 74950 848
Of which
United States191 571153 25838 313336 582299 73236 850
Bermuda10 8717 6253 24519 28015 7573 523
Canada16 69611 0655 6315 3152 2663 050
Asia133 551100 00133 55070 89436 66034 234
Of which
Singapore60 75851 8618 89630 73912 25918 480
South Korea10 4147 9752 439968....
China13 9619 9673 99310 843....
Africa23 53317 9455 58814 6661 40213 265
Of which
Angola2 2766681 6086 189....
Algeria6 149..........
South America132 986127 6995 2881 2231101 113
Of which
Brazil112 254108 6123 641726110616
Oceania9 2375 8723 3653 9891 0762 913
Of which
Australia4 7463 0031 7432 711....
Unknown4 5081 3563 15232 4997 90324 596
Explanation of symbols
Assets and liabilities in foreign countries, quarterly figures by category. NOK million
Assets and liabilities in foreign countries, quarterly figures by category. NOK million
Total assetsFixed assetsCurrent assetsTotal liabilitiesLong-term liabilitiesShort-term liabilities
3rd quarter 20201 1 660 9121 237 627423 2851 454 4991 077 915376 584
4th quarter 20201 1 592 9951 194 511398 4841 392 4101 012 233380 177
1st quarter 20211 1 669 1741 245 038424 1361 334 538967 460367 079
2nd quarter 20211 1 720 6511 268 763451 8891 351 852959 428392 424
3rd quarter 20211 1 794 4821 241 067553 4151 405 480956 709448 771
1The figures are preliminary.
Explanation of symbols

About the statistics

The statistics gives an overview over Norwegian non-financial enterprises’ assets, liabilities, ownership, financial income and financial expenses abroad.

The units below are regarded as Norwegian in the statistics:

Legal persons registered as Norwegian, excluding their affiliates abroad. The definition is valid regardless of the owner’s nationality. Hence, foreign-owned companies registered as Norwegian are regarded as Norwegian units.

Affiliates in Norway of foreign registered legal persons. Physical persons permanently residing in Norway, regardless of citizenship. The following units are regarded as foreign in the statistics:

Legal persons registered abroad, including Norwegian-owned companies that are registered abroad.

Norwegian companies’ affiliates abroad.

Physical persons permanently residing abroad, regardless of citizenship.

Fixed assets in foreign countries cover assets that are mainly included in the company’s long-term creation of value and are intended for permanent ownership or use. They also include receivables and securities scheduled for repayment later than one year after the time of the settlement. They include tangible fixed assets, long-term receivables and investments. Investments include securities, shares and loans to other companies within the same group.

Current assets are assets relating to the company’s sales of goods and services (stocks of goods are not included, but assets and liabilities concerning sales of goods are), and assets which are expected to have a functional period of less than one year in production. This includes cash and short-term capital in foreign countries, foreign receivables and inventories.

The data are based on accounting legislation, and the values do not necessarily give a good picture of the real or the market value of the assets.

Liabilities cover all obligations that may limit the company’s future use of its resources. They are divided into short-term and long-term liabilities to foreign countries. Long-term liabilities are legal or financial obligations not meant to be redeemed during the coming accounting period. They are not related to the company’s short-term sales of goods and services. Short-term liabilities are liabilities that fall due for payment within one year from the time of settlement. Liabilities which are directly related to the company’s short-term sales of goods and services also fall in this category.

Companies applying the International Financial Reporting Standards (IFRS) classify proposed dividends as a part of the equity, and not as a short-term liability.

In the statistics, assets and liabilities are grouped into assets and liabilities in companies within own group and assets and liabilities in companies that are not in own group.

The annual statistics are broken-down by groups of countries.

Groups of countries are based on the ISO standard 3166.

Name: Accounting statistics, non-financial enterprises foreign financing

Topic: Establishments, enterprises and accounts

4 March 2022

Division for Business Dynamics Statistics

The annual statistics are divided into countries or groups of countries.

Annually and quarterly statistics on non-financial companies’ foreign financial income, foreign financial expenses and foreign balance sheet items. The quarterly statistics are published 10 weeks after the quarter’s end, while the annual statistics are published within one year after the fiscal year.

The statistics are part of the basis for the Balance of Payment of non-financial companies, and partly the basis for reporting of Foreign Direct Investment to international organizations as IMF, OECD and Eurostat.

Statistical files are stored.

The purpose of the statistics is to give an overview over Norwegian non-financial companies’ foreign economy (assets, liabilities, ownership, financial income and financial expenses).

Parts of the earlier basis for the Balance of Payments statistics were closed, and this statistics was established to replace parts of the basis. The statistics also gives information on non-financial companies’ foreign assets and liabilities was previously collected as a part of the Financial Census.

The Accounting Statistics, non-financial companies foreign financing, are a part of the Balance of Payment.

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 inthe Statistics Release Calendar.

For more information about the principles for equal treatment of users in releasing statistics and analyses, click here.

Accounting statistics, non-financial companies' foreign financing, is part of the basis of the Balance of Payment. The statistics is also part of the international reporting of assets and liabilities to foreign countries. The data collection is partly joint with the statistics on import and export of services.

The quarterly statistics cover the sample, and do not give figures for the entire population. The statistics is not directly comparable with the Balance of Payment.

Statistics Act Sections 10 and 20.

Council Regulation (EF) 184/2005.

The statistics are based on a survey of the 600 largest non-financial companies. The size of the company is measured by assets and liabilities in foreign countries, foreign shares and foreign ownership.

The population is based on the Financial Census of 2003 and taxation data.

Data are collected from non-financial companies, and are matched with information from the accounting statistics, stock statistics and the Central Register of Establishments and Enterprises.

The data are collected quarterly from the about 600 largest companies quarterly. The annual statistics cover approximately 3000 companies, where the 600 largest are included.

The data are collected by electronic questionnaires. The respondents must report within 30 days after the quarter, but have longer time to report the annual data.

The data are checked when reported to Statistics Norway, and for some types of errors, the respondent is contacted to get the errors corrected. The data are also verified by comparing them with data from other sources, like previous reports and accounting data.

Not relevant

Figures are not published in a way which makes it possible to identify particular units in the statistics.

Revisions in the accounting legislation may cause less comparability over time.

The reported data are based on the tax questionnaire on accounting. The interpretation of figures concerning Norwegian amounts and amounts toward foreign countries may vary from company to company, and cause missing values. There may also be errors in reporting. One of the most common errors stem from differences between variables as defined by Statistics Norway and as they are in the company’s accounting system or general ledger. The separation of the figures into Norwegian and foreign may also cause errors.

Non-response weakens the quality of the statistics. To minimize non-response, missing data are imputed electronically.

To secure high relevance at low cost, ensuring that the largest companies are in the sample is emphasised. There is no complete register covering all units in the population. Due to this, it might be units in the population not covered by the sample.

Not relevant




Contact