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statistikk
2018-12-05T08:00:00.000Z
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
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Accounting statistics, non-financial enterprises foreign financing

Updated

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Key figures

1 105

NOK billion in total liabilities abroad

Assets and liabilities in foreign countries. NOK million. Preliminary figures
3rd quarter 2018Change in per cent
2nd quarter 2018 - 3rd quarter 20183rd quarter 2017 - 3rd quarter 2018
Total assets1 506 4090.81.3
Fixed assets1 125 377-1.6-0.5
Current assets381 0318.57.0
Total liabilities1 104 664-4.1-13.1
Long-term liabilities798 610-3.4-15.8
Short-term liabilities306 054-5.8-5.1

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 20141 530 1021 044 360485 7421 376 375960 037416 338
1st quarter 20151 581 3421 068 278513 0641 449 145992 889456 256
2nd quarter 20151 612 6161 039 256573 3601 467 291990 665476 626
3rd quarter 20151 630 7771 097 798532 9801 507 7601 036 063471 696
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 201711 502 8711 144 012358 8591 340 397963 513376 884
2nd quarter 201711 528 5541 167 340361 2131 338 7991 004 456334 342
3rd quarter 201711 487 4411 131 476355 9651 271 215948 586322 628
4th quarter 201711 555 7801 174 946380 8341 256 240911 701344 539
1st quarter 201811 459 7981 103 122356 6761 171 871839 582332 289
2nd quarter 201811 494 7321 143 584351 1481 151 363826 604324 759
3rd quarter 201811 506 4091 125 377381 0311 104 664798 610306 054

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

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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.

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