This is an archived release.
Highest profit in 10 years
Total net profit for non-financial limited companies amounted to NOK 386 billion in 2005. This was an increase of 50 per cent compared to the previous year and was the highest recorded profit in the last 10 years.
Profit for non-financial limited companies has been improving over several years. It was NOK 88 billion for the 1996 fiscal year, while for the 2000 fiscal year it amounted to NOK 122 billion.
Despite the increase in net profit, proposed dividends decreased. Proposed dividends were NOK 200 billion in 2004, while in 2005 they amounted to NOK 135 billion. Half of the proposed dividends in 2005 came from oil and gas extraction.
The average return on invested equity for non-financial limited companies was about 20 per cent in 2005. Compared with 2004, return on invested equity was 15.5 per cent on average. Oil and gas extraction, with a return on equity of 35.5 per cent, contributed most to the development in return on invested equity.
The statistics for 2005 cover a total of 147 343 non-financial limited companies. The information on the companies is obtained from the Register of Company Accounts in Brønnøysund. There were 159 153 non-financial limited companies in 2005, according to Statistics Norway’s Central Register of Establishments and Enterprises.
The statistics is published with Accounting statistics for non-financial limited companies.
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