This is an archived release.
Increased operating income
Operating income for non-financial limited companies rose by almost 13 per cent from 2005 to 2006. Operating profit increased by over 17 per cent and net profit by 30 per cent.
Operating income for non-financial limited companies increased from NOK 3 134 billion in 2005 to almost NOK 3 539 billion in 2006, an increase of almost 13 per cent. Because operating income increased more than operating expenses, operating profit rose by 17 per cent. Operating profit for limited companies totalled close to NOK 532 billion in 2006.
Growth in net profit
Net financial items went up from NOK 185 billion in 2005 to almost NOK 287 billion in 2006. The increase in net financial items, coupled with the growth in operating profit, caused an increase of almost 30 per cent in net profit, which rose from NOK 405 billion in 2005 to NOK 525 billion in 2006.
Extended statistical basis
Companies engaged in portfolio investment (nace 65.238) are included in financial activities, but not in the financial sector. These companies were previously not covered by the statistics. As of 2006, the non-financial limited companies engaged in portfolio investment are covered by the statistics. Portfolio investment companies have significantly increased in number from 2005 to 2006. The increase is most likely due to transition rule E in the tax legislation, according to which privately owned shares could be transferred tax free to a holding company by 31 December 2005.
About the statistical basis
The statistics for 2006 are total census and are based on tax questionnaires on accounting from a total of 182 984 non-financial limited and public limited companies. The data source is the tax questionnaire on accounting, used for tax assessment purposes. In cases when the tax questionnaires on accounting are missing, annual reports are used. Annul reports are the sources of almost 7 per cent of the companies in the statistics, but they account for only 1 per cent of total operating income and equity.
The statistics cover not consolidated accounts, but company accounts. The statistics show the accounting and aggregate values based on accounting and tax legislation. The values do not necessarily give a good picture of the real value or market value of the assets in every case.
As from the 2005 financial year, Norwegian companies have had the possibility to use international accounting standards (IFRS). In the 2006 financial year barely 300 companies used international accounting standards. The transition to international accounting standards affects the comparability of the accounting figures, for example the way assets are valued.
Find detailed figures from Accounting statistics for non-financial limited companies