This is an archived release.
Decrease in profitability
Operating profit margin for non-financial limited companies fell from 15.3 per cent in 2006 to 14.3 per cent in 2007. The profit on equity decreased from 20.7 per cent to 18.7 per cent. The last years rise in profit was thereby turned to a fall in 2007.
Preliminary figures show that the non-financial limited companies operating profits totalled NOK 517 billion in 2007. The oil and gas sector accounted for more than half of it, with operating profits of NOK 273 billion. Operating profit margin in the oil and gas activity was nevertheless reduced from 41.5 per cent in 2006 to 35.2 per cent in 2007. Mainland Norway increased the operating profit margin slightly in 2007 - from 8.1 to 8.7 per cent.
Total equity continued to rise in 2007 and reached NOK 2 849 billion by the end of the year, resulting in an equity ratio of 41.1 per cent - approximately the same as in 2006.
More proposed dividends
The net profits totalled NOK 536 billion in 2007. While 32 per cent of the net profits were proposed as dividends in 2006, 39 per cent were proposed in 2007
About the statistical basis
The statistics for 2007 are based on information from 172 619 financial limited companies obtained from the Register of Company Accounts in Brønnøysund.
Only non-financial companies that have sent their accounts to the Register of Company Accounts are included in the statistics. The statistics do not cover financial sector companies engaged in financial activities and other financial services (commercial banks, savings banks, finance companies and other financial enterprises). Accounts containing serious errors or shortcomings in the income statement or balance sheet are excluded. Accounts for companies which are in the process of closing down are excluded, since these accounts have not been prepared using the going concern assumption.
These companies were previously not covered by the statistics. As of 2006, the coverage has been increased so that non-financial limited companies engaged in portfolio investments are covered by the statistics (nace 65.238).
Some adjustments have been done to the figures for 2006 compared to last publication.
- Table 1 Selected accounting figures for limited companies. Income statement. NOK million (Corrected 14 October 2008 at 1100)
- Table 2 Selected accounting figures for limited companies. Balance sheet at 31 December. NOK million (Corrected 14 October 2008 at 1100)
- Table 3 Key figures for limited companies
The statistics is published with Accounting statistics for non-financial limited companies.
Find detailed tables with time series, and more detailed data in StatBank