Establishments, enterprises and accounts;External economy
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Accounting statistics, non-financial enterprises foreign financing


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Key figures

1 463

billion NOK in total liabilities abroad

Assets and liabilities in foreign countries. NOK million. Preliminary figures1
NOK millionPer cent
20162015 - 20162013 - 2016
1Figures from last year are preliminary
Total assets1 701 707-1.44.6
Fixed assets1 240 1471.25.4
Current assets461 560-7.82.6
Total liabilities1 463 025-8.110.7
Long term liabilities1 059 090-6.215.6
Short-term liabilities403 935-12.9-0.6

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

Assets and liabilities in foreign countries, by category. NOK million1
1Figures from last year are preliminary.
Total assets1 626 1221 699 4341 726 6801 701 707
Fixed assets1 176 4661 133 8511 225 9381 240 147
Intangible fixed assets abroad6 5592 705865268
Tangible fixed assets abroad73 11377 51467 83157 629
Financial fixed assets abroad1 096 7941 053 6321 157 2431 182 250
Investment in subsidiaries, other group companies or associated companies abroad893 664841 297937 149870 462
Loans to group companies183 342194 835209 132298 479
Current assets449 656565 583500 742461 560
Debitors abroad318 685400 503327 437307 333
Investments abroad90 072119 442148 248126 464
Bank deposits abroad40 89945 63725 05727 763
Total liabilities1 322 0161 506 1801 592 5791 463 025
Long term liabilities915 843990 2991 128 7331 059 090
Bond loans abroad253 123315 363416 199411 862
Liabilities to foreign financial institutions87 951114 869131 305134 856
Long-term liabilities to group companies abroad545 664524 304546 742476 527
Short-term liabilities406 174515 881463 846403 935
Short-term liabilities to group companies abroad284 250375 911333 855276 398

Table 2 
Assets and liabilities in foreign countries, by continent. NOK million. Preliminary figures

Assets and liabilities in foreign countries, by continent. NOK million. Preliminary figures
Total assetsFixed assetsCurrent assetsTotal liabilitiesLong-term liabilitiesShort-term liabilities
Total1 701 7071 240 147461 5601 463 0251 059 090403 935
Europe1 094 417754 543339 874942 733687 086255 647
Of which
Belgium52 94740 86512 082175 684146 65829 027
Sweden193 300151 31641 98496 18950 96445 225
United Kingdom180 26381 89398 370156 751112 42044 331
Germany50 12134 52415 59874 83748 88625 951
Netherlands254 726236 88217 84598 32373 98324 340
Denmark117 17785 69331 48452 23637 07615 160
Russia3 8713 0098623 686....
France40 08011 49528 58565 40249 62815 774
Switzerland20 3972 42017 97733 33623 6749 662
Finland33 05412 73320 32241 35430 44110 914
Ireland30 23819 62910 61019 85216 6943 159
Cyprus10 7818 3432 4382 8421 4241 418
Luxembourg24 8235 24319 58074 11962 85611 263
Iceland2 4352 145290917512405
North and Central America312 146254 34857 798396 863324 79572 068
Of which
United States252 098212 45339 645317 073258 14258 931
Bermuda37 27028 6378 63238 20532 6725 533
Canada10 9838 8052 17910 7207 1653 555
Asia124 40591 89732 50879 64237 66341 979
Of which
Singapore59 06652 4096 65714 1474 7379 410
South Korea12 0447 8264 21811 76382010 943
China5 8712 4403 43114 978....
Africa68 08753 13714 95024 20632723 879
Of which
Angola33 93527 8416 09412 170012 170
Algeria10 215....1 069....
South America84 20378 1176 0861 3751001 276
Of which
Brazil64 13561 8922 2431 077....
Oceania11 2567 0404 2165 1011 7473 353
Of which
Australia9 8806 7393 1413 645....
Unknown7 1931 0656 12713 1067 3725 734

About the statistics

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


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

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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.


Statistical files are stored.


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.



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


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.


Not relevant