This is an archived release.
Net profit falls over 65 per cent
Net profit for non-financial limited companies fell from NOK 559 billion in 2007 to NOK 195 billion in 2008. The decrease of over 65 per cent was mainly due to rising financial expenses.
Financial expenses were higher than financial incomes in 2008, leading to negative net financial items of NOK 65 billion. In 2007, financial incomes were higher than financial expenses, resulting in a profit of about NOK 333 billion. Compared to 2007, write-down of financial assets went up by over NOK 100 billion. Other financial expenses, of which foreign exchange losses and write-downs constitute a large share, rose from NOK 80 billion to NOK 300 billion in the period.
Operating profit increased
Operating profit for limited companies improved, going up from NOK 518 billion in 2007 to NOK 594 billion in 2008. Operating income rose 13 per cent in the period, while operating expenses went up 12 per cent.
Changes in the statistics
The publication of the annual accounting statistics has been changed as from the year 2008. Two final statistics, one based on the companies’ annual reports, and the other on the companies’ tax questionnaire on accounting, were previously published. Only one final statistics are published as from 2008, and they are mainly based on the tax questionnaire on accounting supplemented with the companies’ annual reports, see About the statistics. The statistics are published in spring year t+2. In addition, preliminary accounting statistics primarily based on the companies’ annual reports are published in autumn year t+1. Previously published articles and tables for the statistics based on the tax questionnaire on accounting and annual reports can be found under the link “Previously published” and in StatBank.
About the statistical basis
The statistics for 2008 are a total census based on tax questionnaires on accounting from a total of 200 006 limited and public limited companies. Annual reports are used in cases where the tax questionnaires on accounting are missing. They are the source of almost 5 per cent of all the companies in the statistics, but account for only 1 per cent of total operating income and total assets.
There are some conceptual differences between accounting information in the tax questionnaire on accounting and accounting information in the annual reports. The differences should be taken into account when the statistics based on the tax questionnaires on accounting are compared with the statistics based on annual reports, with regard to both the accounting values and the key figures.
Find detailed figures from Accounting statistics for non-financial limited companies