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Key figures
-23.2 %
change in per cent Operating profit 2018-2019
2019 | 2018 - 2019 | |
---|---|---|
NOK million | Per cent change | |
Operating income | ||
Operating income | 1 200 670 | -9.5 |
Operating expenses | 935 592 | -4.7 |
Operating profit | 265 078 | -23.2 |
Net profit for the year | 258 829 | -29.8 |
Balance | ||
Fixed Assets | 3 164 664 | 10.5 |
Current Assets | 611 381 | -7.0 |
Assets | 3 776 046 | 7.2 |
Equity and liabilities | 3 774 919 | 7.2 |
See selected tables from this statistics
Table 1
Public non-financial corporations. Income statement. Selected accounting figures. NOK million and share.
2017 | 2018 | 2019 | ||||
---|---|---|---|---|---|---|
NOK million | Share | NOK million | Share | NOK million | Share | |
Income Statement | ||||||
Operating income | 1 146 547 | 100.0 | 1 326 611 | 100.0 | 1 200 670 | 100.0 |
Revenue | 1 062 857 | 92.7 | 1 228 951 | 92.6 | 1 104 838 | 92.0 |
Special public taxes | 1 | 0.0 | 9 | 0.0 | -117 | 0.0 |
Public subsidies | 8 442 | 0.7 | 6 403 | 0.5 | 6 836 | 0.6 |
Income from rent, real property and other income from rent | 15 808 | 1.4 | 16 755 | 1.3 | 17 722 | 1.5 |
Profit on disposals (sale etc.) of fixed assets | 1 874 | 0.2 | 1 141 | 0.1 | 2 647 | 0.2 |
Other operating income | 57 568 | 5.0 | 73 370 | 5.5 | 68 544 | 5.7 |
Operating expenses | 866 317 | 75.6 | 981 454 | 74.0 | 935 592 | 77.9 |
Raw materials and consumables used | 460 466 | 40.2 | 588 951 | 44.4 | 499 716 | 41.6 |
Payroll expense | 90 375 | 7.9 | 88 335 | 6.7 | 91 333 | 7.6 |
Depreciation and amortisation expense | 101 842 | 8.9 | 104 113 | 7.8 | 126 344 | 10.5 |
Other operating expenses | 213 635 | 18.6 | 200 055 | 15.1 | 218 203 | 18.2 |
Operating profit | 280 229 | 24.4 | 345 157 | 26.0 | 265 078 | 22.1 |
Financial income | 286 165 | 25.0 | 231 919 | 17.5 | 186 542 | 15.5 |
Financial expense | 127 744 | 11.1 | 64 255 | 4.8 | 62 341 | 5.2 |
Operating result before tax | 438 841 | 38.3 | 512 821 | 38.7 | 363 369 | 30.3 |
Tax | 105 976 | 9.2 | 140 122 | 10.6 | 106 458 | 8.9 |
Operating result | 332 680 | 29.0 | 372 699 | 28.1 | 256 930 | 21.4 |
Net extraordinary income | -746 | -0.1 | 8 | 0.0 | 58 | 0.0 |
Net profit for the year | 329 980 | 28.8 | 368 794 | 27.8 | 258 829 | 21.6 |
Table 2
Public non-financial corporations. Balance sheet. Selected accounting figures. NOK million and share.
2017 | 2018 | 2019 | ||||
---|---|---|---|---|---|---|
NOK million | Share | NOK million | Share | NOK million | Share | |
Balance Sheet | ||||||
Fixed Assets | 2 774 336 | 81.5 | 2 863 330 | 81.3 | 3 164 664 | 83.8 |
Intangible fixed assets | 113 159 | 3.3 | 67 027 | 1.9 | 76 696 | 2.0 |
Tangible fixed assets | 1 012 350 | 29.7 | 1 014 339 | 28.8 | 1 120 368 | 29.7 |
Building and plants | 565 537 | 16.6 | 577 815 | 16.4 | 607 159 | 16.1 |
Plant under construction | 42 007 | 1.2 | 45 492 | 1.3 | 45 121 | 1.2 |
Houses, land and other real property | 30 955 | 0.9 | 20 933 | 0.6 | 22 130 | 0.6 |
Veicles, machinery and equipment etc | 66 902 | 2.0 | 76 926 | 2.2 | 87 124 | 2.3 |
Other fixed assets | 306 949 | 9.0 | 293 173 | 8.3 | 358 834 | 9.5 |
Financial fixed assets | 1 639 560 | 48.2 | 1 781 961 | 50.6 | 1 967 589 | 52.1 |
Investments in group companies/subsidiaries | 1 173 203 | 34.5 | 1 329 483 | 37.8 | 1 406 836 | 37.3 |
Investments in associated companies | 52 907 | 1.6 | 53 334 | 1.5 | 72 712 | 1.9 |
Loans to group companies, associated companies and joint ventures | 338 121 | 9.9 | 318 339 | 9.0 | 363 649 | 9.6 |
Investments in shares and bonds | 32 154 | 0.9 | 22 748 | 0.6 | 58 445 | 1.5 |
Other receivables | 43 175 | 1.3 | 58 057 | 1.6 | 65 947 | 1.7 |
Current Assets | 629 065 | 18.5 | 657 465 | 18.7 | 611 381 | 16.2 |
Inventories | 35 095 | 1.0 | 28 953 | 0.8 | 38 021 | 1.0 |
Debtors | 400 864 | 11.8 | 389 887 | 11.1 | 392 678 | 10.4 |
Account receivable from customers and earned , not invoiced operating income | 120 798 | 3.5 | 118 781 | 3.4 | 114 501 | 3.0 |
Receivables from group companies | 227 878 | 6.7 | 226 226 | 6.4 | 234 789 | 6.2 |
Other receivables | 52 188 | 1.5 | 44 880 | 1.3 | 43 388 | 1.1 |
Investments | 73 431 | 2.2 | 77 907 | 2.2 | 80 217 | 2.1 |
Cash and bank deposits | 119 531 | 3.5 | 160 683 | 4.6 | 100 292 | 2.7 |
Assets | 3 403 402 | 100.0 | 3 520 794 | 100.0 | 3 776 046 | 100.0 |
Equity | 1 551 211 | 45.6 | 1 758 979 | 50.0 | 1 900 208 | 50.3 |
Invested equity | 920 629 | 27.1 | 1 053 924 | 29.9 | 1 128 107 | 29.9 |
Share capital | 427 030 | 12.5 | 419 987 | 11.9 | 413 893 | 11.0 |
Share premium reserve | 319 780 | 9.4 | 464 151 | 13.2 | 549 584 | 14.6 |
Invested other equity | 173 819 | 5.1 | 169 786 | 4.8 | 164 630 | 4.4 |
Retained earnings | 630 805 | 18.5 | 705 062 | 20.0 | 772 262 | 20.5 |
Reserve for valuation variances | 54 139 | 1.6 | 82 948 | 2.4 | 87 107 | 2.3 |
Other equity | 618 752 | 18.2 | 663 643 | 18.8 | 728 902 | 19.3 |
Uncovered losses | -42 086 | -1.2 | -41 529 | -1.2 | -43 747 | -1.2 |
Long term liabilities | 1 161 185 | 34.1 | 1 073 311 | 30.5 | 1 206 676 | 32.0 |
Provisions | 222 121 | 6.5 | 324 189 | 9.2 | 362 132 | 9.6 |
Bonds | 303 195 | 8.9 | 283 098 | 8.0 | 277 903 | 7.4 |
Financial institutions | 153 667 | 4.5 | 97 408 | 2.8 | 107 420 | 2.8 |
Liabilities to group companies | 351 690 | 10.3 | 236 444 | 6.7 | 282 665 | 7.5 |
Financial liabilities | 7 181 | 0.2 | 5 076 | 0.1 | 6 712 | 0.2 |
Other long term liabilities | 123 292 | 3.6 | 127 096 | 3.6 | 169 807 | 4.5 |
Current liabilities | 690 940 | 20.3 | 688 503 | 19.6 | 668 182 | 17.7 |
Financial institutions | 64 486 | 1.9 | 75 348 | 2.1 | 62 805 | 1.7 |
Trade creditors | 52 831 | 1.6 | 59 595 | 1.7 | 54 505 | 1.4 |
Public duties and tax payable | 58 686 | 1.7 | 70 100 | 2.0 | 60 555 | 1.6 |
Dividends payable | 132 647 | 3.9 | 80 035 | 2.3 | 69 554 | 1.8 |
Liabilities to group companies | 263 375 | 7.7 | 256 891 | 7.3 | 278 180 | 7.4 |
Other short term liabilities | 112 912 | 3.3 | 146 533 | 4.2 | 142 584 | 3.8 |
Equity and liabilities | 3 403 335 | 100.0 | 3 520 793 | 100.0 | 3 774 919 | 100.0 |
Table 3
Public non-financial corporations. Income statement and balance sheet by section. Selected accounting figures. NOK million.
2019 | Agriculture, forestry and fishing | Mining and quarrying | Manufacturing | Electricity, gas, steam and air conditioning supply | Water supply, sewerage, waste | Construction | Wholesale and retail trade: repair of motor vehicles and motorcycles | Transportation and storage | Accommodation and food service activities | Information and communication | Real estate activities | Professional, scientific and technical activities | Administrative and support service activities | Public administration and defence | Education | Human health and social work activities | Arts, entertainment and recreation | Other sections | In total |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Income Statement | |||||||||||||||||||
Operating income | 444 | 830 718 | 25 962 | 122 639 | 7 283 | 13 661 | 22 486 | 61 599 | 432 | 49 676 | 7 542 | 5 916 | 4 648 | 0 | 257 | 6 258 | 41 041 | 108.0 | 1 200 670 |
Revenue | 314 | 778 706 | 26 074 | 115 384 | 6 983 | 10 688 | 22 112 | 47 629 | 352 | 46 088 | 1 253 | 3 574 | 1 319 | 0 | 116 | 3 518 | 40 674 | 52.0 | 1 104 836 |
Other operating income | 101 | 50 669 | -136 | 5 940 | 87 | 1 205 | 366 | 2 807 | 31 | 2 633 | 776 | 1 273 | 343 | 0 | 32 | 2 185 | 188 | 44.0 | 68 544 |
Operating expenses | 369 | 615 361 | 32 316 | 86 042 | 6 855 | 12 957 | 21 840 | 58 419 | 449 | 44 409 | 4 503 | 6 119 | 4 056 | 0 | 264 | 6 068 | 35 412 | 152.0 | 935 591 |
Raw materials and consumables used | 10 | 400 563 | 8 661 | 42 570 | 1 980 | 3 276 | 18 757 | 7 101 | 64 | 14 440 | 233 | 760 | 411 | 0 | 16 | 780 | 91 | 1 | 499 714 |
Payroll expense | 128 | 28 953 | 7 374 | 10 708 | 1 569 | 3 476 | 2 271 | 20 627 | 190 | 7 812 | 462 | 2 638 | 548 | 0 | 140 | 3 677 | 715 | 44 | 91 332 |
Depreciation and amortisation expense | 9 | 88 758 | 7 275 | 10 654 | 624 | 602 | 186 | 6 650 | 13 | 8 005 | 1 685 | 183 | 1 184 | 0 | 5 | 238 | 270 | 1 | 126 342 |
Other operating expenses | 222 | 97 086 | 9 007 | 22 114 | 2 682 | 5 603 | 623 | 24 040 | 183 | 14 152 | 2 123 | 2 539 | 1 912 | 0 | 102 | 1 372 | 34 336 | 106 | 218 202 |
Operating profit | 75 | 215 357 | -6 353 | 36 596 | 429 | 704 | 646 | 3 179 | -17 | 5 267 | 3 040 | -204 | 592 | 0 | -8 | 189 | 5 630 | -45 | 265 077 |
Operating result before tax | 121 | 221 884 | -5 818 | 93 862 | 541 | 2 196 | 659 | 2 502 | 40 | 31 455 | 5 278 | 602 | 549 | 0 | -7 | 164 | 9 303 | 40 | 363 371 |
Net profit for the year | 117 | 138 948 | -4 507 | 77 626 | 481 | 2 068 | 519 | 2 352 | 38 | 26 576 | 4 020 | 586 | 518 | 0 | -7 | 153 | 9 301 | 43 | 258 832 |
Balance Sheet | |||||||||||||||||||
Assets | 2 780 | 1 863 435 | 69 504 | 978 087 | 11 904 | 33 791 | 7 084 | 137 712 | 527 | 413 165 | 174 036 | 29 845 | 29 422 | 6 | 167 | 7 825 | 12 605 | 4 151 | 3 776 046 |
Fixed Assets | 2 306 | 1 524 363 | 44 110 | 859 002 | 8 706 | 22 747 | 2 017 | 105 943 | 364 | 369 250 | 162 934 | 23 636 | 24 873 | 2 | 44 | 4 382 | 6 565 | 3 421 | 3 164 665 |
Current Assets | 474 | 339 073 | 25 395 | 119 085 | 3 198 | 11 044 | 5 067 | 31 769 | 164 | 43 915 | 11 102 | 6 208 | 4 549 | 4 | 123 | 3 443 | 6 040 | 730 | 611 383 |
Equity and liabilities | 2 773 | 1 863 435 | 69 500 | 977 702 | 11 904 | 33 790 | 7 084 | 137 000 | 527 | 413 148 | 174 035 | 29 845 | 29 422 | 6 | 167 | 7 825 | 12 605 | 4 151 | 3 774 919 |
Equity | 2 516 | 864 721 | 32 512 | 534 626 | 2 544 | 15 355 | 2 441 | 53 547 | 364 | 231 291 | 113 445 | 24 324 | 9 360 | 6 | 84 | 4 096 | 5 441 | 3 535 | 1 900 208 |
Long term liabilities | 68 | 629 382 | 12 542 | 302 304 | 7 102 | 11 677 | 1 254 | 57 737 | 19 | 113 800 | 47 397 | 2 015 | 16 644 | 0 | 15 | 2 569 | 1 721 | 430 | 1 206 676 |
Current liabilities | 188 | 369 333 | 24 446 | 140 919 | 2 258 | 6 758 | 3 387 | 25 717 | 144 | 68 057 | 13 194 | 3 504 | 3 419 | 0 | 69 | 1 160 | 5 442 | 185 | 668 180 |
Table 4
Public non-financial corporations, with out central government enterprises. Selected key figures.
2017 | 2018 | 2019 | |
---|---|---|---|
1Operating profit in per cent of operating income at 31. December. | |||
2Operating result before tax in per cent of operating income at 31. December. | |||
3Operating result before tax + interest expense in per cent of total equity and liabilities at 31 December. | |||
4Operating result in per cent of total equity at 31 December. | |||
5Equity in per cent of total equity and liabilities at 31 December. | |||
6Current assets at 31 December in proportion to current liabilities at 31 Decenber. | |||
7Fixed assets in proportion to long- term capital at 31 December. | |||
8Total liabilities in proportion to total equity at 31 December. | |||
Key figures | |||
Operating profit margin. Per cent1 | 18.34 | 20.18 | 16.23 |
Operating margin. Per cent2 | 34.92 | 35.31 | 26.11 |
Return on total assets. Per cent3 | 14.74 | 14.05 | 9.28 |
Return on equity. Per cent4 | 17.17 | 16.39 | 9.44 |
Equity ratio. Per cent5 | 43.83 | 48.77 | 49.34 |
Current ratio6 | 0.89 | 0.93 | 0.89 |
Ratio of fixed assets to long term capital7 | 1.03 | 1.02 | 1.02 |
Debt-to-equity ratio8 | 1.28 | 1.05 | 1.03 |
Table 5
Central government corporations. Income statement. Selected accounting figures. NOK million and share.
2017 | 2018 | 2019 | ||||
---|---|---|---|---|---|---|
NOK million | Share | NOK million | Share | NOK million | Share | |
Income Statement | ||||||
Operating income | 839 104 | 100.0 | 991 082 | 100.0 | 898 616 | 100.0 |
Revenue | 777 447 | 92.7 | 918 183 | 92.6 | 827 426 | 92.1 |
Special public taxes | -17 | 0.0 | -20 | 0.0 | -25 | 0.0 |
Public subsidies | 4 585 | 0.5 | 4 938 | 0.5 | 5 172 | 0.6 |
Income from rent, real property and other income from rent | 10 896 | 1.3 | 9 724 | 1.0 | 10 229 | 1.1 |
Profit on disposals (sale etc.) of fixed assets | 1 000 | 0.1 | 514 | 0.1 | 1 896 | 0.2 |
Other operating income | 45 159 | 5.4 | 57 703 | 5.8 | 53 868 | 6.0 |
Operating expenses | 685 361 | 81.7 | 790 052 | 79.7 | 755 296 | 84.1 |
Raw materials and consumables used | 410 469 | 48.9 | 512 898 | 51.8 | 449 819 | 50.1 |
Payroll expense | 65 494 | 7.8 | 65 915 | 6.7 | 69 466 | 7.7 |
Depreciation and amortisation expense | 65 587 | 7.8 | 64 718 | 6.5 | 87 925 | 9.8 |
Other operating expenses | 143 811 | 17.1 | 146 521 | 14.8 | 148 086 | 16.5 |
Operating profit | 153 742 | 18.3 | 201 030 | 20.3 | 143 320 | 15.9 |
Financial income | 256 386 | 30.6 | 205 015 | 20.7 | 131 449 | 14.6 |
Financial expense | 110 665 | 13.2 | 48 362 | 4.9 | 45 730 | 5.1 |
Operating result before tax | 299 654 | 35.7 | 357 683 | 36.1 | 203 130 | 22.6 |
Tax | 97 611 | 11.6 | 126 170 | 12.7 | 95 850 | 10.7 |
Operating result | 201 858 | 24.1 | 231 513 | 23.4 | 107 280 | 11.9 |
Net extraordinary income | -165 | 0.0 | 0 | 0.0 | 0 | 0.0 |
Net profit for the year | 199 642 | 23.8 | 228 140 | 23.0 | 108 513 | 12.1 |
Table 6
Central government corporations. Balance sheet. Selected accounting figures.
2017 | 2018 | 2019 | ||||
---|---|---|---|---|---|---|
NOK million | Share | NOK million | Share | NOK million | Share | |
Balance Sheet | ||||||
Fixed Assets | 2 000 661 | 80.0 | 2 049 645 | 79.9 | 2 222 166 | 82.4 |
Intangible fixed assets | 43 396 | 1.7 | 49 737 | 1.9 | 57 279 | 2.1 |
Tangible fixed assets | 532 989 | 21.3 | 528 953 | 20.6 | 610 769 | 22.6 |
Buildings and plants | 184 342 | 7.4 | 173 678 | 6.8 | 190 918 | 7.1 |
Plant under construction | 24 593 | 1.0 | 29 368 | 1.1 | 25 475 | 0.9 |
Houses, land and other real property | 5 907 | 0.2 | 4 889 | 0.2 | 4 561 | 0.2 |
Veicles, machinery and equipment etc. | 37 938 | 1.5 | 44 296 | 1.7 | 53 061 | 2.0 |
Other fixed assets. | 280 209 | 11.2 | 276 722 | 10.8 | 336 754 | 12.5 |
Financial fixed assets | 1 419 514 | 56.7 | 1 470 956 | 57.4 | 1 554 117 | 57.6 |
Investments in group companies/subsidiaries | 1 055 195 | 42.2 | 1 144 594 | 44.6 | 1 205 120 | 44.7 |
Investments in associated companies | 30 050 | 1.2 | 28 739 | 1.1 | 25 165 | 0.9 |
Loans to group companies, associated companies and joint ventures | 285 500 | 11.4 | 243 825 | 9.5 | 264 246 | 9.8 |
Loans to group cInvestments in shares and bonds | 23 674 | 0.9 | 14 269 | 0.6 | 9 873 | 0.4 |
LoanOther receivables | 25 095 | 1.0 | 39 529 | 1.5 | 49 713 | 1.8 |
Current Assets | 501 098 | 20.0 | 514 265 | 20.1 | 475 487 | 17.6 |
Inventories | 29 547 | 1.2 | 21 609 | 0.8 | 30 778 | 1.1 |
Debtors | 318 861 | 12.7 | 295 939 | 11.5 | 305 380 | 11.3 |
Account receivable from customers and earned , not invoiced operating income | 78 166 | 3.1 | 71 186 | 2.8 | 69 968 | 2.6 |
Account receivable Receivables from group companies | 197 377 | 7.9 | 191 227 | 7.5 | 202 498 | 7.5 |
Other receivables | 43 318 | 1.7 | 33 526 | 1.3 | 32 914 | 1.2 |
Investments | 69 044 | 2.8 | 72 742 | 2.8 | 76 317 | 2.8 |
Cash and bank deposits | 83 607 | 3.3 | 123 975 | 4.8 | 62 957 | 2.3 |
Assets | 2 501 760 | 100.0 | 2 563 910 | 100.0 | 2 697 653 | 100.0 |
Equity | 1 125 068 | 45.0 | 1 266 335 | 49.4 | 1 311 501 | 48.6 |
Invested equity | 601 002 | 24.0 | 674 920 | 26.3 | 691 737 | 25.6 |
Share capital | 208 376 | 8.3 | 201 357 | 7.9 | 198 389 | 7.4 |
Share premium reserve | 232 154 | 9.3 | 321 136 | 12.5 | 347 167 | 12.9 |
Invested other equity | 160 472 | 6.4 | 152 427 | 5.9 | 146 181 | 5.4 |
Retained earnings | 524 087 | 20.9 | 591 416 | 23.1 | 619 772 | 23.0 |
Reserve for valuation variances | 47 900 | 1.9 | 76 057 | 3.0 | 80 668 | 3.0 |
Other equity | 514 425 | 20.6 | 553 374 | 21.6 | 578 044 | 21.4 |
Uncovered losses | -38 238 | -1.5 | -38 015 | -1.5 | -38 940 | -1.4 |
Long term liabilities | 792 831 | 31.7 | 733 849 | 28.6 | 838 399 | 31.1 |
Provisions | 133 084 | 5.3 | 237 911 | 9.3 | 268 807 | 10.0 |
Bonds | 232 222 | 9.3 | 222 142 | 8.7 | 220 597 | 8.2 |
Financial institutions | 55 772 | 2.2 | 41 155 | 1.6 | 49 483 | 1.8 |
Liabilities to group companies | 285 104 | 11.4 | 138 244 | 5.4 | 159 962 | 5.9 |
Financial liabilities | 27 | 0.0 | 3 | 0.0 | 5 | 0.0 |
Other long term liabilities | 86 622 | 3.5 | 94 394 | 3.7 | 139 546 | 5.2 |
Current liabilities | 583 821 | 23.3 | 563 725 | 22.0 | 547 537 | 20.3 |
Financial institutions | 52 602 | 2.1 | 64 422 | 2.5 | 47 163 | 1.7 |
Trade creditors | 37 866 | 1.5 | 43 120 | 1.7 | 40 230 | 1.5 |
Public duties and tax payable | 46 138 | 1.8 | 53 175 | 2.1 | 46 141 | 1.7 |
Dividends payable | 122 203 | 4.9 | 69 380 | 2.7 | 61 313 | 2.3 |
Liabilities to group companies | 235 040 | 9.4 | 222 268 | 8.7 | 243 883 | 9.0 |
Other short term liabilities | 84 380 | 3.4 | 111 359 | 4.3 | 108 807 | 4.0 |
Equity and liabilities | 2 501 720 | 100.0 | 2 563 909 | 100.0 | 2 697 437 | 100.0 |
Table 7
Central government corporations. Selected key figures
2017 | 2018 | 2019 | |
---|---|---|---|
1Operating profit in per cent of operating income at 31. December. | |||
2Operating result before tax in per cent of operating income at 31. December. | |||
3Operating result before tax + interest expense in per cent of total equity and liabilities at 31 December. | |||
4Operating result in per cent of total equity at 31 December. | |||
5Equity in per cent of total equity and liabilities at 31 December. | |||
6Current assets at 31 December in proportion to current liabilities at 31 Decenber. | |||
7Fixed assets in proportion to long- term capital at 31 December. | |||
8Total liabilities in proportion to total equity at 31 December. | |||
Operating profit margin. Per cent1 | 18.32 | 20.28 | 15.95 |
Operating margin. Per cent2 | 35.71 | 36.09 | 22.60 |
Return on total assets. Per cent3 | 16.40 | 15.84 | 9.23 |
Return on equity. Per cent4 | 17.94 | 18.28 | 8.18 |
Equity ratio. Per cent5 | 44.97 | 49.39 | 48.62 |
Current ratio6 | 0.86 | 0.91 | 0.87 |
Ratio of fixed assets to long term capital7 | 1.04 | 1.02 | 1.03 |
Debt-to-equity ratio8 | 1.22 | 1.02 | 1.06 |
Table 8
Central government quasi- corporations. Income statement. Selected accounting figures. NOK million and share.
2017 | 2018 | 2019 | ||||
---|---|---|---|---|---|---|
NOK million | Share | NOK million | Share | NOK million | Share | |
Income Statement | ||||||
Operating income | 163 090 | 100.0 | 189 201 | 100.0 | 164 866 | 100.0 |
Revenue | 157 661 | 96.7 | 183 773 | 97.1 | 159 815 | 96.9 |
Special public taxes | 0 | 0.0 | 0 | 0.0 | 0 | 0.0 |
Public subsidies | 375 | 0.2 | 0 | 0.0 | 0 | 0.0 |
Income from rent, real property and other income from rent | 0 | 0.0 | 0 | 0.0 | 0 | 0.0 |
Profit on disposals (sale etc.) of fixed assets | 0 | 0.0 | 1 | 0.0 | 0 | 0.0 |
Other operating income | 5 054 | 3.1 | 5 427 | 2.9 | 5 051 | 3.1 |
Operating expenses | 63 194 | 38.7 | 73 615 | 38.9 | 67 872 | 41.2 |
Raw materials and consumables used | 5 474 | 3.4 | 26 256 | 13.9 | 5 446 | 3.3 |
Payroll expense | 1 413 | 0.9 | 869 | 0.5 | 941 | 0.6 |
Depreciation and amortisation expense | 21 287 | 13.1 | 27 170 | 14.4 | 26 085 | 15.8 |
Other operating expenses | 35 020 | 21.5 | 19 319 | 10.2 | 35 398 | 21.5 |
Operating profit | 99 896 | 61.3 | 115 586 | 61.1 | 96 994 | 58.8 |
Financial income | 1 997 | 1.2 | 1 713 | 0.9 | 1 961 | 1.2 |
Financial expense | 6 486 | 4.0 | 6 150 | 3.3 | 6 046 | 3.7 |
Operating result before tax | 95 407 | 58.5 | 111 149 | 58.7 | 92 909 | 56.4 |
Tax | 5 | 0.0 | 2 | 0.0 | 2 | 0.0 |
Operating result | 95 402 | 58.5 | 111 147 | 58.7 | 92 907 | 56.4 |
Net extraordinary income | 0 | 0.0 | 0 | 0.0 | 0 | 0.0 |
Net profit for the year | 95 402 | 58.5 | 111 147 | 58.7 | 92 908 | 56.4 |
Table 9
Central government quasi- corporations. Income statement. Selected accounting figures. NOK million and share.
2017 | 2018 | 2019 | ||||
---|---|---|---|---|---|---|
NOK million | Share | NOK million | Share | NOK million | Share | |
Balance Sheet | ||||||
Fixed Assets | 225 358 | 90.1 | 217 262 | 87.2 | 223 012 | 88.3 |
Intangible fixed assets | 494 | 0.2 | 280 | 0.1 | 1 535 | 0.6 |
Tangible fixed assets | 224 691 | 89.8 | 216 705 | 87.0 | 221 139 | 87.6 |
Buildings and plants | 224 200 | 89.6 | 216 535 | 86.9 | 220 991 | 87.5 |
Plant under construction | 177 | 0.1 | 27 | 0.0 | 9 | 0.0 |
Houses, land and other real property | 0 | 0.0 | 0 | 0.0 | 1 | 0.0 |
Veicles, machinery and equipment etc. | 242 | 0.1 | 138 | 0.1 | 133 | 0.1 |
Other fixed assets. | 72 | 0.0 | 5 | 0.0 | 5 | 0.0 |
Financial fixed assets | 9 | 0.0 | 276 | 0.1 | 338 | 0.1 |
Investments in group companies/subsidiaries | 0 | 0.0 | 0 | 0.0 | 0 | 0.0 |
Investments in associated companies | 7 | 0.0 | 3 | 0.0 | 3 | 0.0 |
Loans to group companies, associated companies and joint ventures | 0 | 0.0 | 0 | 0.0 | 0 | 0.0 |
Loans to group cInvestments in shares and bonds | 2 | 0.0 | 2 | 0.0 | 2 | 0.0 |
LoanOther receivables | 0 | 0.0 | 271 | 0.1 | 333 | 0.1 |
Current Assets | 24 809 | 9.9 | 31 873 | 12.8 | 29 495 | 11.7 |
Inventories | 2 824 | 1.1 | 3 912 | 1.6 | 2 662 | 1.1 |
Debtors | 21 780 | 8.7 | 27 869 | 11.2 | 26 799 | 10.6 |
Account receivable from customers and earned , not invoiced operating income | 21 256 | 8.5 | 27 372 | 11.0 | 26 587 | 10.5 |
Account receivable Receivables from group companies | 494 | 0.2 | 495 | 0.2 | 210 | 0.1 |
Other receivables | 30 | 0.0 | 2 | 0.0 | 2 | 0.0 |
Investments | 0 | 0.0 | 0 | 0.0 | 0 | 0.0 |
Cash and bank deposits | 205 | 0.1 | 93 | 0.0 | 34 | 0.0 |
Assets | 250 167 | 100.0 | 249 134 | 100.0 | 252 507 | 100.0 |
Equity | 169 141 | 67.6 | 163 459 | 65.6 | 162 109 | 64.2 |
Invested equity | 168 154 | 67.2 | 162 698 | 65.3 | 161 296 | 63.9 |
Share capital | 168 116 | 67.2 | 162 660 | 65.3 | 161 258 | 63.9 |
Share premium reserve | 0 | 0.0 | 0 | 0.0 | 0 | 0.0 |
Invested other equity | 38 | 0.0 | 38 | 0.0 | 38 | 0.0 |
Retained earnings | 987 | 0.4 | 761 | 0.3 | 813 | 0.3 |
Reserve for valuation variances | 0 | 0.0 | 0 | 0.0 | 0 | 0.0 |
Other equity | 987 | 0.4 | 761 | 0.3 | 813 | 0.3 |
Uncovered losses | 0 | 0.0 | 0 | 0.0 | 0 | 0.0 |
Long term liabilities | 71 317 | 28.5 | 68 573 | 27.5 | 74 181 | 29.4 |
Provisions | 67 673 | 27.1 | 65 216 | 26.2 | 69 910 | 27.7 |
Bonds | 0 | 0.0 | 0 | 0.0 | 0 | 0.0 |
Financial institutions | 0 | 0.0 | 0 | 0.0 | 0 | 0.0 |
Liabilities to group companies | 15 | 0.0 | 9 | 0.0 | 1 | 0.0 |
Financial liabilities | 0 | 0.0 | 0 | 0.0 | 0 | 0.0 |
Other long term liabilities | 3 629 | 1.5 | 3 348 | 1.3 | 4 270 | 1.7 |
Current liabilities | 9 710 | 3.9 | 17 102 | 6.9 | 16 217 | 6.4 |
Financial institutions | 0 | 0.0 | 0 | 0.0 | 0 | 0.0 |
Trade creditors | 3 051 | 1.2 | 3 169 | 1.3 | 3 084 | 1.2 |
Public duties and tax payable | 95 | 0.0 | 79 | 0.0 | 89 | 0.0 |
Dividends payable | 0 | 0.0 | 0 | 0.0 | 0 | 0.0 |
Liabilities to group companies | 1 | 0.0 | 6 | 0.0 | 10 | 0.0 |
Other short term liabilities | 6 563 | 2.6 | 13 848 | 5.6 | 13 035 | 5.2 |
Equity and liabilities | 250 167 | 100.0 | 249 134 | 100.0 | 252 507 | 100.0 |
Table 10
Local government owned enterprises. Income statement. Selected accounting figures. NOK million and share.
2017 | 2018 | 2019 | ||||
---|---|---|---|---|---|---|
NOK million | Share | NOK million | Share | NOK million | Share | |
Income Statement | ||||||
Operating income | 144 353 | 100.0 | 146 328 | 100.0 | 137 188 | 100.0 |
Revenue | 127 749 | 88.5 | 126 995 | 86.8 | 117 597 | 85.7 |
Special public taxes | 18 | 0.0 | 29 | 0.0 | -92 | -0.1 |
Public subsidies | 3 482 | 2.4 | 1 465 | 1.0 | 1 664 | 1.2 |
Income from rent, real property and other income from rent | 4 912 | 3.4 | 7 031 | 4.8 | 7 493 | 5.5 |
Profit on disposals (sale etc.) of fixed assets | 874 | 0.6 | 626 | 0.4 | 751 | 0.5 |
Other operating income | 7 355 | 5.1 | 10 240 | 7.0 | 9 625 | 7.0 |
Operating expenses | 117 762 | 81.6 | 117 787 | 80.5 | 112 424 | 81.9 |
Raw materials and consumables used | 44 523 | 30.8 | 49 797 | 34.0 | 44 451 | 32.4 |
Payroll expense | 23 468 | 16.3 | 21 551 | 14.7 | 20 926 | 15.3 |
Depreciation and amortisation expense | 14 968 | 10.4 | 12 225 | 8.4 | 12 334 | 9.0 |
Other operating expenses | 34 804 | 24.1 | 34 215 | 23.4 | 34 719 | 25.3 |
Operating profit | 26 591 | 18.4 | 28 541 | 19.5 | 24 764 | 18.1 |
Financial income | 27 782 | 19.2 | 25 191 | 17.2 | 53 132 | 38.7 |
Financial expense | 10 593 | 7.3 | 9 743 | 6.7 | 10 565 | 7.7 |
Operating result before tax | 43 780 | 30.3 | 43 989 | 30.1 | 67 330 | 49.1 |
Tax | 8 360 | 5.8 | 13 950 | 9.5 | 10 606 | 7.7 |
Operating result | 35 420 | 24.5 | 30 039 | 20.5 | 56 743 | 41.4 |
Net extraordinary income | -581 | -0.4 | 8 | 0.0 | 58 | 0.0 |
Net profit for the year | 34 936 | 24.2 | 29 507 | 20.2 | 57 408 | 41.8 |
Table 11
Local government owned enterprises. Balance sheet. Selected accounting figures. NOK million and andel.
2017 | 2018 | 2019 | ||||
---|---|---|---|---|---|---|
NOK million | Share | NOK million | Share | NOK million | Share | |
Balance Sheet | ||||||
Fixed Assets | 548 317 | 84.2 | 596 423 | 84.3 | 719 486 | 87.1 |
Intangible fixed assets | 69 269 | 10.6 | 17 010 | 2.4 | 17 882 | 2.2 |
Tangible fixed assets | 254 670 | 39.1 | 268 681 | 38.0 | 288 460 | 34.9 |
Buildings and plants | 156 995 | 24.1 | 187 602 | 26.5 | 195 250 | 23.6 |
Plant under construction | 17 237 | 2.6 | 16 097 | 2.3 | 19 637 | 2.4 |
Houses, land and other real property | 25 048 | 3.8 | 16 044 | 2.3 | 17 568 | 2.1 |
Veicles, machinery and equipment etc. | 28 722 | 4.4 | 32 492 | 4.6 | 33 930 | 4.1 |
Other fixed assets. | 26 668 | 4.1 | 16 446 | 2.3 | 22 075 | 2.7 |
Financial fixed assets | 220 037 | 33.8 | 310 729 | 43.9 | 413 134 | 50.0 |
Investments in group companies/subsidiaries | 118 008 | 18.1 | 184 889 | 26.1 | 201 716 | 24.4 |
Investments in associated companies | 22 850 | 3.5 | 24 592 | 3.5 | 47 544 | 5.8 |
Loans to group companies, associated companies and joint ventures | 52 621 | 8.1 | 74 514 | 10.5 | 99 403 | 12.0 |
Loans to group cInvestments in shares and bonds | 8 478 | 1.3 | 8 477 | 1.2 | 48 570 | 5.9 |
LoanOther receivables | 18 080 | 2.8 | 18 257 | 2.6 | 15 901 | 1.9 |
Current Assets | 103 158 | 15.8 | 111 327 | 15.7 | 106 399 | 12.9 |
Inventories | 2 724 | 0.4 | 3 432 | 0.5 | 4 581 | 0.6 |
Debtors | 60 223 | 9.2 | 66 079 | 9.3 | 60 499 | 7.3 |
Account receivable from customers and earned , not invoiced operating income | 21 376 | 3.3 | 20 223 | 2.9 | 17 946 | 2.2 |
Account receivable Receivables from group companies | 30 007 | 4.6 | 34 504 | 4.9 | 32 081 | 3.9 |
Other receivables | 8 840 | 1.4 | 11 352 | 1.6 | 10 472 | 1.3 |
Investments | 4 387 | 0.7 | 5 165 | 0.7 | 3 900 | 0.5 |
Cash and bank deposits | 35 719 | 5.5 | 36 615 | 5.2 | 37 301 | 4.5 |
Assets | 651 475 | 100.0 | 707 750 | 100.0 | 825 886 | 100.0 |
Equity | 257 002 | 39.5 | 329 185 | 46.5 | 426 598 | 51.7 |
Invested equity | 151 473 | 23.3 | 216 306 | 30.6 | 275 074 | 33.3 |
Share capital | 50 538 | 7.8 | 55 970 | 7.9 | 54 246 | 6.6 |
Share premium reserve | 87 626 | 13.5 | 143 015 | 20.2 | 202 417 | 24.5 |
Invested other equity | 13 309 | 2.0 | 17 321 | 2.4 | 18 411 | 2.2 |
Retained earnings | 105 731 | 16.2 | 112 885 | 15.9 | 151 677 | 18.4 |
Reserve for valuation variances | 6 239 | 1.0 | 6 891 | 1.0 | 6 439 | 0.8 |
Other equity | 103 340 | 15.9 | 109 508 | 15.5 | 150 045 | 18.2 |
Uncovered losses | -3 848 | -0.6 | -3 514 | -0.5 | -4 807 | -0.6 |
Long term liabilities | 297 037 | 45.6 | 270 889 | 38.3 | 294 096 | 35.6 |
Provisions | 21 364 | 3.3 | 21 062 | 3.0 | 23 415 | 2.8 |
Bonds | 70 973 | 10.9 | 60 956 | 8.6 | 57 306 | 6.9 |
Financial institutions | 97 895 | 15.0 | 56 253 | 7.9 | 57 937 | 7.0 |
Liabilities to group companies | 66 571 | 10.2 | 98 191 | 13.9 | 122 702 | 14.9 |
Financial liabilities | 7 154 | 1.1 | 5 073 | 0.7 | 6 707 | 0.8 |
Other long term liabilities | 33 041 | 5.1 | 29 354 | 4.1 | 25 991 | 3.2 |
Current liabilities | 97 409 | 15.0 | 107 676 | 15.2 | 104 428 | 12.7 |
Financial institutions | 11 884 | 1.8 | 10 926 | 1.5 | 15 642 | 1.9 |
Trade creditors | 11 914 | 1.8 | 13 306 | 1.9 | 11 191 | 1.4 |
Public duties and tax payable | 12 453 | 1.9 | 16 846 | 2.4 | 14 325 | 1.7 |
Dividends payable | 10 444 | 1.6 | 10 655 | 1.5 | 8 241 | 1.0 |
Liabilities to group companies | 28 334 | 4.3 | 34 617 | 4.9 | 34 287 | 4.2 |
Other short term liabilities | 21 969 | 3.4 | 21 326 | 3.0 | 20 742 | 2.5 |
Equity and liabilities | 651 448 | 100.0 | 707 750 | 100.0 | 824 975 | 100.0 |
Table 12
Local government owned enterprises. Selected key figures.
2017 | 2018 | 2019 | |
---|---|---|---|
1Operating profit in per cent of operating income at 31. December. | |||
2Operating result before tax in per cent of operating income at 31. December. | |||
3Operating result before tax + interest expense in per cent of total equity and liabilities at 31 December. | |||
4Operating result in per cent of total equity at 31 December. | |||
5Equity in per cent of total equity and liabilities at 31 December. | |||
6Current assets at 31 December in proportion to current liabilities at 31 Decenber. | |||
7Fixed assets in proportion to long- term capital at 31 December. | |||
8Total liabilities in proportion to total equity at 31 December. | |||
Operating profit margin. Per cent1 | 18.42 | 19.50 | 18.05 |
Operating margin. Per cent2 | 30.33 | 30.06 | 49.08 |
Return on total assets. Per cent3 | 8.35 | 7.59 | 9.44 |
Return on equity. Per cent4 | 13.78 | 9.13 | 13.30 |
Equity ratio. Per cent5 | 39.45 | 46.51 | 51.71 |
Current ratio6 | 1.06 | 1.03 | 1.02 |
Ratio of fixed assets to long term capital7 | 0.99 | 0.99 | 1.00 |
Debt-to-equity ratio8 | 1.53 | 1.15 | 0.93 |
About the statistics
The statistics include all market non-financial corporations in which either the central government or municipalities/county municipalities directly or indirectly own more than 50 per cent of the shares. These include all companies incorporated by special legislation as well as central government market entities.
Definitions
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The Accounting Act of 17th June 1998 and the Norwegian Accounting Standard, NS 4102 govern income statement and the balance sheet.
Operating income and operating expenses, financial income and financial expenses etc is per definition in accordance with the Accounting Act. The balance sheet consists of assets (fixed assets and current assets), equity and liabilities.
The questionnaire does not include consolidated accounts.
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The corporations are classified in accordance with the institutional sector and industrial classification (NACE). The balance sheet is classified in accordance with the national accountings financial object grouping and with the grouping of debtors and creditors.
The following sectors are included in the statistics:
1110 Public quasi-corporations
1120 Public limited companies owned by the state etc.
1510 Municipal quasi-corporations
1520 Public limited companies owned by the municipalities ect.Business units or corporations that are basically operating general government activities are excluded in the statistics.
The industrial classification is from 2007and the is in line with the Norwegian Standard for Industrial Classification (SN2007) which is in conformity with the EC industrial classification NACE Rev. 2.
Administrative information
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Name: Public corporations, accounts
Topic: Public sector
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Division for Public Finance
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Municipality
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Annually
Accounting statistics for Public corporations 12 months
Accounting statistics for Local Government owned rehabilitation enterprises 12 months (No longer available with effect from 2012)
Structural statistics for Public corporations 3 months (No longer available with effect from 2012)
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As an integral part of the national accounts.
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Micro data are stored in an Oracle database together with the accounts for the private owned non-financial corporations. Published tables are stored as flat files.
Background
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The purpose of the statistics is to collect and compile figures needed to present macroeconomic statistics and statistics about public corporations. This started in 1961 (NOS XII 185).
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The major user of the statistics is the National Account Division at Statistics Norway, the public authorities and the general public.
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No external users have access to the statistics and analyses before they are published and accessible simultaneously for all users on ssb.no at 08 am. Prior to this, a minimum of three months' advance notice is given inthe Statistics Release Calendar.
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The statistics is issued annually and the data produced for that year in question is provisional. Furthermore, the figures are included the national accounts and in the financial sector balance sheet.
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Statistics act Sections 2-2 and 3-2.
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Council Regulation (EC) No 2223/96 – on the European system of national and regional accounts in the Community amended by Articles of Regulation 448/98, 1500/2000, 2516/2000, 995/2001, 113/2002, 1267/2003, 1392/2007 and 715/2010.
Council Regulation (EC) No 3037/90 – on the statistical classification of economic activities in the European Community amended by Article of Regulation 761/93, 29/2002 and 1893/2006
Regulation (EC) No 177/2008 of The European Parliament and of the Council – on establishing a common framework for business registers for statistical purposes and repealing council Regulation No 2186/93
Council Regulation (EC) No 2223/96 – on the European system of national and regional accounts in the community amended by Articles of Regulation 448/98, 1500/2000, 2516/2000, 995/2001, 113/2002, 1267/2003, 1392/2007 and 715/2010
Commission Regulation (EC) No 264/2000 - on the implementation of Council Regulation No 2223/96 with respect to short-term public finance statistics
Production
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The population comprises all Norwegian companies defined as public non-financial corporations. Corporations which are General government are excluded since these are entered into the central government and/or the local government.
These are all market oriented non-financial corporations in which the central government or municipality/county municipality directly or indirectly owns more than 50 per cent of the shares. These include all companies incorporated by special legislation market entities.
The statistic does not include the company consolidated account.
The accounting statistics comprises income statement, balance sheet and selected accounting key figures.
The accounting figures for State´s Direct Financial Interest (SDFI) are collected from Petoros AS Annual Accounting Report for 20XX.
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The basis of the statistics is by accounting reports are obtained by the Tax questionnaire on accounting reported to the Directorate of Taxes. The statistics does not include the consolidated financial account.
With the effect from 2005, the statisticsNorwayhas obtained direct accounting information from the Central Register of Establishment of Enterprises when necessary.
By electronic reporting, the companies send a copy of the Tax questionnaire directly to Statistics Norway via Altinn.
Specifications of some selected items in the balance sheet are reported on an additional questionnaire. Accounting information for the Municipality Energy Supply corporations are collected from the "Economics and Technical report to the Norwegian Water Resources and Energy Directorate and Statistics Norway". Accounting information for smaller corporations are obtained directly from the Central Register of Establishments and Enterprises. Accounting information obtained by this method is less detailed than the Tax questionnaires on accounting.
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The Statistics Norway collects the Tax questionnaires on accounting on the companies when these are not available. The Tax questionnaires are sent out and are sent back when completed by the companies. This must be return within a stipulated deadline to the Statistics Norway.
The questionnaire is issued in connection with the deadline of providing the Tax questionnaire to the Norwegian Tax authority. The deadline for sending in the questionnaires to Statistics Norway is usually the last week in June.
The data are registered in a common accounting database at Statistics Norway that comprises both public and private non-financial corporations.
Control and revision are automatically built-in the accounting database at Statistics Norway This constitutes a control and revision of the balance sheet in accordance with the annual accounts and a macro control.
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Not applicable
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This is in accordance by Statistic Act § 2-6, information published may not be traced back or identified to any individual. This is to ensure that there is no direct disclosure about individual corporations to the general public.
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Changes in the accountancy and the company act, as well as the grouping of items in the Tax questionnaires causes deviation in time series.
Starting from 2005, Norwegian companies can opt for International Financial Report Standards (IFRS) in their annual accounting reports. This has affected the comparability of different companies applying different principles.
Accuracy and reliability
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The major sources of error have usually been the inability of tracking the ongoing changes in the population. The population is established by an inspection of the share of public ownership in the various corporations as it is registered in the Central Register of Establishments and Enterprises. This register is updated continuously on the basis of newly established corporations or annual company accounts.
The degree of information provided in the annual accounts by various corporations differs. In addition the companies practices different accounting principles in the same questionnaires, and this inconsistency of practice generates problems for the statistics.
Changes in Statistics Norway's information about the ownership structure in the corporations have significantly affected the changes in the total number of public corporations.
In some cases, whereby no accounting data are available, Tax questionnaires are re-constructed based upon data available from the previous years.
Variance: Not applicable
Bias: Not applicable
Non-response: The accounting statistics only include data for the enterprises that Statistics Norway could obtain data on. Non-response is not very high.The population requires updating continuously. This is as the result of incorrect classification of sector or industrial classification which can affect the result statistics.
Contact
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Francis Kwamena Acquah