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5777
Reduced solidity for non-financial joint-stock companies
statistikk
2003-08-20T10:00:00.000Z
Establishments, enterprises and accounts
en
regnaksje, Annual reports for non-financial limited companies, account statisticsAccounts , Establishments, enterprises and accounts
false

Annual reports for non-financial limited companies, account statistics, 2001

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Reduced solidity for non-financial joint-stock companies

The annual reports for the non-financial joint-stock companies show increased equity by less than 1 per cent from 2000 to 2001. Stronger growth in liabilities than equity caused a drop in equity ratio, from 36.7 per cent in 2000 to 35.3 per cent in 2001. In spite of a 26 per cent decrease in net profit, the non-financial joint-stock companies increased proposed dividends by 28 per cent compared to 2000.

The equity of the non-financial joint-stock companies rose from NOK 1 303 billion in 2000 to NOK 1 316 billion in 2001, or less than 1 per cent. During the same period, there where a 7 per cent growth in total liabilities. The growth in liabilities was mainly caused by an 11 per cent growth in short- term liabilities. Short-term liabilities are debit items falling due for payment within one year from the time of settlement, or which are directly connected to the enterprises short-term sales of goods and services.

Total equity and liabilities went up by 5 per cent compared with 2000. Larger growth in total equity and liabilities than equity caused the drop in equity ratio. This is the second year in a row with a drop in the equity ratio, and since 1999 the equity ratio has declined by 2.6 per cent.

Reduced profitability

The operating income for non-financial joint-stock companies went up from NOK 2 225 billion in 2000 to NOK 2 318 billion in 2001, a 4 per cent increase. The increase in operating income was greater then the increase in operating cost, which caused a 7 per cent drop in operating profit.

In spite of a 26 per cent drop in net profit, the non-financial joint-stock companies increased proposed dividends by 28 per cent compared to 2000. Proposed dividends show what the joint-stock companies have proposed as dividends for their shareholders.

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