371142
/en/virksomheter-foretak-og-regnskap/statistikker/regnut/kvartal
371142
statistikk
2019-12-05T08:00:00.000Z
Establishments, enterprises and accounts;External economy
en
regnut, Accounting statistics, non-financial enterprises foreign financing, foreign debt, assets abroad, assets, foreign debt, foreign investments, bank deposits, country breakdownAccounts , Foreign assets and liabilities , Establishments, enterprises and accounts, External economy
true

Accounting statistics, non-financial enterprises foreign financing

Updated

Next update

Key figures

1 173

NOK billion in total liabilities abroad

Assets and liabilities in foreign countries. NOK million. Preliminary figures
3rd quarter 2019Change in per cent
2nd quarter 2019 - 3rd quarter 20193rd quarter 2018 - 3rd quarter 2019
Total assets1 551 255-1.52.3
Fixed assets1 209 4462.58.1
Current assets341 809-13.7-14.1
Total liabilities1 172 9233.96.0
Long-term liabilities856 4555.25.9
Short-term liabilities316 4690.46.2

See selected tables from this statistics

Table 1 
Assets and liabilities in foreign countries, by category. NOK million

Assets and liabilities in foreign countries, by category. NOK million
Total assetsFixed assetsCurrent assetsTotal liabilitiesLong-term liabilitiesShort-term liabilities
1The figures are preliminary.
4th quarter 20151 573 6551 144 401429 2541 487 6411 077 572410 069
1st quarter 20161 623 5061 219 149404 3571 513 6991 054 184459 514
2nd quarter 20161 675 6531 219 278456 3741 532 8441 054 040478 804
3rd quarter 20161 611 5041 196 836414 6681 475 2151 025 437449 778
4th quarter 20161 539 1511 154 414384 7371 365 5621 002 439363 123
1st quarter 20171 506 1601 147 778358 3821 346 446972 508373 937
2nd quarter 201711 532 8811 170 390362 4911 347 7741 016 054331 720
3rd quarter 201711 491 4911 134 010357 4811 279 112959 045320 066
4th quarter 201711 562 8581 176 718386 1401 252 098919 081333 017
1st quarter 201811 472 6241 112 837359 7871 184 636852 566332 071
2nd quarter 201811 512 3731 143 946368 4271 146 529838 802307 728
3rd quarter 201811 517 1181 119 094398 0241 106 850808 874297 975
4th quarter 201811 578 3921 172 063406 3291 145 854799 298346 556
1st quarter 201911 570 8811 181 640389 2401 141 242793 097348 145
2nd quarter 201911 575 5331 179 540395 9921 129 396814 302315 095
3rd quarter 201911 551 2551 209 446341 8091 172 923856 455316 469

About the statistics

The statistics gives an overview over Norwegian non-financial enterprises’ assets, liabilities, ownership, financial income and financial expenses abroad.

Definitions

Definitions of the main concepts and variables

The units below are regarded as Norwegian in the statistics:

Legal persons registered as Norwegian, excluding their affiliates abroad. The definition is valid regardless of the owner’s nationality. Hence, foreign-owned companies registered as Norwegian are regarded as Norwegian units.

Affiliates in Norway of foreign registered legal persons. Physical persons permanently residing in Norway, regardless of citizenship. The following units are regarded as foreign in the statistics:

Legal persons registered abroad, including Norwegian-owned companies that are registered abroad.

Norwegian companies’ affiliates abroad.

Physical persons permanently residing abroad, regardless of citizenship.

Fixed assets in foreign countries cover assets that are mainly included in the company’s long-term creation of value and are intended for permanent ownership or use. They also include receivables and securities scheduled for repayment later than one year after the time of the settlement. They include tangible fixed assets, long-term receivables and investments. Investments include securities, shares and loans to other companies within the same group.

Current assets are assets relating to the company’s sales of goods and services (stocks of goods are not included, but assets and liabilities concerning sales of goods are), and assets which are expected to have a functional period of less than one year in production. This includes cash and short-term capital in foreign countries, foreign receivables and inventories.

The data are based on accounting legislation, and the values do not necessarily give a good picture of the real or the market value of the assets.

Liabilities cover all obligations that may limit the company’s future use of its resources. They are divided into short-term and long-term liabilities to foreign countries. Long-term liabilities are legal or financial obligations not meant to be redeemed during the coming accounting period. They are not related to the company’s short-term sales of goods and services. Short-term liabilities are liabilities that fall due for payment within one year from the time of settlement. Liabilities which are directly related to the company’s short-term sales of goods and services also fall in this category.

Companies applying the International Financial Reporting Standards (IFRS) classify proposed dividends as a part of the equity, and not as a short-term liability.

In the statistics, assets and liabilities are grouped into assets and liabilities in companies within own group and assets and liabilities in companies that are not in own group.

Standard classifications

The annual statistics are broken-down by groups of countries.

Groups of countries are based on the ISO standard 3166.

Administrative information

Name and topic

Name: Accounting statistics, non-financial enterprises foreign financing
Topic: Establishments, enterprises and accounts

Next release

Responsible division

Division for Business Dynamics Statistics

Regional level

The annual statistics are divided into countries or groups of countries.

Frequency and timeliness

Annually and quarterly statistics on non-financial companies’ foreign financial income, foreign financial expenses and foreign balance sheet items. The quarterly statistics are published 10 weeks after the quarter’s end, while the annual statistics are published within one year after the fiscal year.

International reporting

The statistics are part of the basis for the Balance of Payment of non-financial companies, and partly the basis for reporting of Foreign Direct Investment to international organizations as IMF, OECD and Eurostat.

Microdata

Statistical files are stored.

Background

Background and purpose

The purpose of the statistics is to give an overview over Norwegian non-financial companies’ foreign economy (assets, liabilities, ownership, financial income and financial expenses).

Parts of the earlier basis for the Balance of Payments statistics were closed, and this statistics was established to replace parts of the basis. The statistics also gives information on non-financial companies’ foreign assets and liabilities was previously collected as a part of the Financial Census.

Users and applications

The Accounting Statistics, non-financial companies foreign financing, are a part of the Balance of Payment.

Equal treatment of users

No external users have access to the statistics and analyses before they are published and accessible simultaneously for all users on ssb.no/ at 8 am. Prior to this, a minimum of three months' advance notice is given inthe Statistics Release Calendar.

For more information about the principles for equal treatment of users in releasing statistics and analyses, click here

Coherence with other statistics

Accounting statistics, non-financial companies’ foreign financing, is part of the basis of the Balance of Payment. The statistics is also part of the international reporting of assets and liabilities to foreign countries. The data collection is partly joint with the statistics on import and export of services.

The quarterly statistics cover the sample, and do not give figures for the entire population. The statistics is not directly comparable with the Balance of Payment.

Legal authority

Statistics Act Sections 2-1, 2-2 and 2-3.

EEA reference

Council Regulation (EF) 184/2005.

Production

Population

The statistics are based on a survey of the 600 largest non-financial companies. The size of the company is measured by assets and liabilities in foreign countries, foreign shares and foreign ownership.

The population is based on the Financial Census of 2003 and taxation data.

Data sources and sampling

Data are collected from non-financial companies, and are matched with information from the accounting statistics, stock statistics and the Central Register of Establishments and Enterprises.

The data are collected quarterly from the about 600 largest companies quarterly. The annual statistics cover approximately 3000 companies, where the 600 largest are included.

Collection of data, editing and estimations

The data are collected by electronic questionnaires. The respondents must report within 30 days after the quarter, but have longer time to report the annual data.

The data are checked when reported to Statistics Norway, and for some types of errors, the respondent is contacted to get the errors corrected. The data are also verified by comparing them with data from other sources, like previous reports and accounting data.

Seasonal adjustment

Not relevant

Confidentiality

Figures are not published in a way which makes it possible to identify particular units in the statistics.

Comparability over time and space

Revisions in the accounting legislation may cause less comparability over time.

Accuracy and reliability

Sources of error and uncertainty

The reported data are based on the tax questionnaire on accounting. The interpretation of figures concerning Norwegian amounts and amounts toward foreign countries may vary from company to company, and cause missing values. There may also be errors in reporting. One of the most common errors stem from differences between variables as defined by Statistics Norway and as they are in the company’s accounting system or general ledger. The separation of the figures into Norwegian and foreign may also cause errors.

Non-response weakens the quality of the statistics. To minimize non-response, missing data are imputed electronically.

To secure high relevance at low cost, ensuring that the largest companies are in the sample is emphasised. There is no complete register covering all units in the population. Due to this, it might be units in the population not covered by the sample.

Revision

Not relevant