This is an archived release.
Diminished operating income
Operating income for non-financial companies decreased by about 10 per cent from 2008 to 2009. In spite of that, the companies’ net income increased almost twofold, from NOK 195 billion to NOK 358 billion.
Oil companies accounted for over half of the total decrease in operating income. In mining and quarrying, operating income went down by over 20 per cent from 2008 to 2009.
Operating profit decreased
Operating expenses for companies went down slightly from 2008 to 2009. Raw materials and consumables were reduced by about 10 per cent, while there was a slight increase in payroll expenses. Despite the reduction in operating expenses, operating profit went down by about 30 per cent.
Net profit improved
The decline in the companies’ ordinary activities notwithstanding, net profit increased from NOK 195 billion in 2008 to NOK 358 billion in 2009. The increase resulted from an improvement in financial items. In the fiscal year 2008, the sum of net financial items was negative, while in 2009 it was positive. The improvement in net financial items resulted from, among other things, reduced write-downs and a positive change of the value of short-term investments.
While oil companies accounted for most of the decrease in operating income, net income for companies on Mainland Norway increased from NOK 71 billion to NOK 246 billion in the period. On the other hand, net profit for companies in mining and quarrying went down from 2008 to 2009 by about 8 per cent.
About the statistical basis
The statistics for 2009 are a total census based on tax questionnaires on accounting from a total of 199 665 limited and limited public companies. Annual reports are used in cases where tax questionnaires on accounting are missing. They are the source of data for almost 4 per cent of the companies in the statistics, but they account for less than 0.5 per cent of total operating income and total assets.
Find detailed figures from Accounting statistics for non-financial limited companies