This is an archived release.
Operating margin up – equity return down
The operating margin for non-financial limited companies rose in 2011. However, net profit fell because of losses from financial items.
|NOK million||Per cent|
|2011||2010||2010 - 2011|
|Operating income||4 662 503||4 230 889||10.2|
|Operating profit||619 628||514 018||20.5|
|Operating profit before tax||714 462||741 861||-3.7|
|Net profit||358 325||456 728||-21.5|
|Fixed assets||6 604 059||6 328 660||4.4|
|Current assets||2 772 700||2 649 944||4.6|
|Equity||3 883 398||3 752 300||3.5|
|Liabilities||5 493 361||5 226 305||5.1|
|Per cent||Percentage points|
|Operating profit margin||13.3||12.1||1.2|
|Return on total assets||9.2||9.7||-0.5|
|Return on equity||9.3||12.2||-2.9|
Return on equity for limited companies went down from 12.2 per cent in 2010 to 9.3 per cent in 2011. In other words, the companies achieved a profit of around NOK 12 per invested NOK 100 in equity in 2010, compared to NOK 9 in 2011.
Companies on mainland Norway had even lower profits from invested equity, dropping from 11.7 per cent in 2010 to 7.0 per cent in 2011.
Operating profit rose - net financial items fell
Operating profit rose from NOK 514 billion in 2010 to NOK 620 billion in 2011. The operating margin consequently rose from 12.1 to 13.3 per cent in the same period. Net financial items decreased in the same period from NOK 228 billion to NOK 95 billion.
With NOK 112 billion or 39.9 per cent of the increase, oil and gas was the largest contributor to the rise in operating profit.
About the statistical basis
Some changes were made to the industrial classification of companies from financial year 2010 to financial year 2011. The changes may affect comparisons across industries in these two years, and have mainly affected portfolio investments and business activities.
Find detailed figures from Accounting statistics for non-financial limited companies