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5771
Increased profitability
statistikk
2004-08-20T10:00:00.000Z
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 statistics2003

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Increased profitability

Preliminary figures for the fiscal year 2003 show increased profitability and strength of capital for non-financial joint-stock companies compared with 2002.

Return on total assets, which measures the yield on invested total capital, increased from 6.7 per cent in 2002 to 8.3 per cent in 2003. This is mainly due to an increase in the companies' results. The preliminary figures show a 26 per cent increase in operating profit, while the net profit is more than twice the size in 2003.

In 2003 the operating profit in per cent of operating income was 10.7 per cent. This is 2.9 percentage points better than the same figure in 2002.

The equity ratio expresses the capital strength of the enterprise, i.e. the ability to withstand setbacks and losses. From the fiscal year 1999 to the fiscal year 2002, there has been an increase in capital strength for the non- financial joint-stock companies. The equity ratio for 2002 was 35.2 per cent, but went up to 37.0 per cent at the end of 2003.

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