Establishments, enterprises and accounts;External economy
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

Accounting statistics, non-financial enterprises foreign financing


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Key figures

1 382

NOK billion in total liabilities abroad

Assets and liabilities in foreign countries. NOK million. Preliminary figures1
NOK millionPer cent
20192018 - 20192016 - 2019
1Figures from last year are preliminary
Total assets1 851 1664.46.7
Fixed assets1 353 9956.36.6
Current assets497 171-0.57.1
Total liabilities1 382 4116.9-7.3
Long term liabilities953 2118.9-11.1
Short-term liabilities429 2002.82.3

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 million1
1Figures from last year are preliminary.
Total assets1 734 6601 737 6731 773 2561 851 166
Fixed assets1 270 4621 268 8991 273 6461 353 995
Intangible fixed assets abroad290282348339
Tangible fixed assets abroad60 63656 58948 85558 509
Financial fixed assets abroad1 209 5361 212 0291 224 4431 295 147
Investment in subsidiaries, other group companies or associated companies abroad894 958886 763915 872930 230
Loans to group companies300 438296 405282 482306 063
Current assets464 198468 774499 610497 171
Debitors abroad312 867335 654363 722351 217
Investments abroad126 128104 572103 323115 236
Bank deposits abroad25 20428 54832 56630 718
Total liabilities1 491 3421 354 3591 292 6621 382 411
Long term liabilities1 071 921971 142875 285953 211
Bond loans abroad408 037333 513334 927375 782
Liabilities to foreign financial institutions144 690130 337129 226158 900
Long-term liabilities to group companies abroad483 239464 236376 138363 640
Short-term liabilities419 420383 216417 377429 200
Short-term liabilities to group companies abroad283 725270 402284 316295 034

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 851 1661 353 995497 1711 382 411953 211429 200
Europe1 217 068843 852373 216981 713665 486316 227
Of which
Belgium5 6273 2312 396112 047....
Sweden230 049163 98766 062113 61061 58652 024
United Kingdom211 946119 90492 041233 184176 91956 266
Germany80 03756 07523 96267 63348 28819 345
Netherlands232 615215 53317 082129 53355 94873 585
Denmark140 27595 74044 53535 70521 12814 576
Russia5 7454 7241 0213 2377752 461
France45 63223 68021 95277 94164 23113 710
Switzerland24 8518 53516 31636 42521 80814 617
Finland62 13646 22115 91541 55627 72413 832
Ireland57 24922 39834 85120 24311 1869 057
Cyprus9 4697 3062 16319 26917 5781 691
Luxembourg16 1967 0439 15346 78436 8079 977
Iceland2 9062 3255811 311....
North and Central America292 066223 08268 985293 279242 97250 307
Of which
United States244 397195 14049 257234 839204 67130 169
Bermuda18 96411 8647 09928 33421 3356 999
Canada12 85710 8681 9895 7132 1053 607
Asia150 278113 79636 48275 86736 53839 329
Of which
Singapore77 35864 45512 90327 81910 47717 342
South Korea11 8106 7545 056619..619
China13 32810 0733 25514 007....
Africa53 87946 0817 79813 3741 05112 323
Of which
Angola16 01812 4673 5514 083....
Algeria7 134..........
South America126 336120 8595 4761 572111 561
Of which
Brazil111 555107 8483 70760211591
Oceania8 8805 7753 1064 7159903 725
Of which
Australia6 2954 1912 1043 587....
Unknown2 6585502 10811 8926 1635 728

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 10 and 20.

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