Improved profitability
Establishments, enterprises and accounts
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Accounting statistics for non-financial limited companies2010



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Improved profitability

Profitability for non-financial limited companies improved in 2010 compared with the previous year, with a rise in the operating profit margin from 10.7 per cent to 12.1 per cent. Despite the increase, the operating profit margin was lower than in 2008, when it was 13.7 per cent.

Operating income rose by about 8 per cent to NOK 4 231 billion in 2010. Operating expenses increased less than operating income, resulting in a rise in operating profit by approximately 23 per cent. Consequently, the operating profit margin, which is the ratio of operating profit to operating income, went up from 10.7 per cent to 12.1 per cent in the period.

Other key figures that measure profitability also increased from 2009. Return on equity, which shows returns on invested equity, rose from 10.6 per cent to 12.2 per cent. In 2008, return on equity was 6.3 per cent.

Net profit for limited companies totalled NOK 457 billion in 2010, going up by 28 per cent from the year before. Net profit more than doubled from 2008, when it stood at NOK 195 billion.

About the statistical basis

The statistics for 2010 are a total census based on tax questionnaires on accounting from a total of 203 509 limited and public limited companies. Annual reports are used where tax questionnaires on accounting are not available. These are the source of data for 3 per cent of the companies in the statistics, but account for less then 0.6 per cent of operating income and total assets.


There were some changes in industrial classification of companies from the financial year 2009 to the financial year 2010. The changes may affect comparison across industries, with regard to the two years. The changes have mainly affected portfolio investments.