389065
/en/virksomheter-foretak-og-regnskap/statistikker/regnifs/aar
389065
statistikk
2019-11-01T08:00:00.000Z
Establishments, enterprises and accounts
en
regnifs, Accounting statistics for non-financial foundationsAccounts , Establishments, enterprises and accounts
true

Accounting statistics for non-financial foundations

Updated

Next update

Not yet determined

Key figures

78.6 %

equity ratio - Equity as a percentage of total equity and liabilities at 31 December

Accounting figures for non-financial foundations1
All foundationsNon-profit foundations
NOK millionPer centNOK millionPer cent
201720182017 - 2018201720182017 - 2018
1Figures for 2017 are revised. Updated figures can be found in the StatBank source table.
Income statement
Operating income (NOK million)47 86347 8470.030 62130 6240.0
Operating profit (NOK million)1 6041 109-30.972391526.6
Net profit (NOK million)5 9432 401-59.6799728-8.9
Balance sheet
Fixed assets (NOK million)104 534108 7234.020 37920 9522.8
Current assets66 11667 8392.617 64017 427-1.2
Equity133 736138 8613.821 51722 2293.3
Liabilities (NOK million)36 91337 7012.116 50216 150-2.1
Per centPercentage pointsPer centPercentage points
Key figures
Equity ratio (per cent)78.478.60.256.657.91.3
Current ratio (per cent)5.125.11-0.012.442.35-0.09
 
Number of enterprises6 3526 448962 1102 1166

See selected tables from this statistics

Table 1 
Accounting figures for non-financial foundations. NOK million

Accounting figures for non-financial foundations. NOK million1
201620172018
1Figures for 2012 and 2013 are revised. Updated figures can be found in the StatBank source table.
Income statement
Operating income (NOK million)44 87347 86347 847
Operating expences (NOK million)43 41346 25946 738
Payroll expences (NOK million)17 93018 25219 029
Operating profit (NOK million)1 4601 6041 109
Financial items, net (NOK million)3 1184 7281 459
Operating profit before tax (NOK million)4 5786 3332 568
Net profit (NOK million)4 4925 9432 401
Balance sheet
Fixed assets (NOK million)102 079104 534108 723
Intangible fixed assets (NOK million)588529280
Tangible fixed assets34 61135 64336 729
Financial fixed assets66 87968 36171 713
Current assets60 22966 11667 839
Inventories (NOK million)642604285
Debts (NOK million)4 8415 4354 977
Securities and other financial current assets (NOK million)32 30537 54839 033
Cash and bank deposits (NOK million)22 44222 52923 545
Total assets (NOK million)162 308170 650176 562
Equity127 305133 736138 861
Liabilities (NOK million)35 00336 91337 701
Provisions (NOK million)2 6112 6922 604
Long-term liabilities (NOK million)20 36620 93121 825
Short-term liabilities (NOK million)12 02613 29113 271
Equities and liabilities (NOK million)162 308170 650176 562
Key figures
Equity ratio (per cent)78.478.478.6
Current ratio (per cent)5.015.125.11
Number of enterprises6 5626 3526 448

Table 2 
Accounting figures for non-financial foundations. Non-profit foundations. NOK million

Accounting figures for non-financial foundations. Non-profit foundations. NOK million1
201620172018
1Figures for 2012 and 2013 are revised. Updated figures can be found in the StatBank source table.
Income statement
Operating income (NOK million)28 97530 62130 624
Operating expences (NOK million)28 19929 89829 709
Payroll expences (NOK million)13 80414 24314 726
Operating profit (NOK million)776723915
Financial items, net (NOK million)286156-141
Operating profit before tax (NOK million)1 062879774
Net profit (NOK million)1 030799728
Balance sheet
Fixed assets (NOK million)19 87120 37920 952
Intangible fixed assets (NOK million)537485246
Tangible fixed assets14 62715 19115 838
Financial fixed assets4 7084 7034 868
Current assets17 39517 64017 427
Inventories (NOK million)506500149
Debts (NOK million)2 8062 9653 103
Securities and other financial current assets (NOK million)4 9865 1204 975
Cash and bank deposits (NOK million)9 0989 0569 200
Total assets (NOK million)37 26638 01938 379
Equity21 14621 51722 229
Liabilities (NOK million)16 12016 50216 150
Provisions (NOK million)1 5281 5131 536
Long-term liabilities (NOK million)7 3716 9987 208
Short-term liabilities (NOK million)7 2227 9907 406
Equities and liabilities (NOK million)37 26638 01938 379
Key figures
Equity ratio (per cent)56.756.657.9
Current ratio (per cent)2.412.442.35
Number of enterprises2 2022 1102 116

About the statistics

Accounting statistics for non-financial foundations provide us with an overview of enterprise-economic magnitudes, capital strength and liquidity for all foundations combined, and for non-profit foundations.

Definitions

Definitions of the main concepts and variables

Operating income and operating expenses are ordinary incomes and expenses except financial ones. Operating income is divided into sales revenues and other operating income. Regarding non-profit foundations, membership fees, contributions, donations and raised funds are also components of operating income. Operating expenses consist of used raw materials and consumables, changes in inventories, costs of asset acquisition, costs arising from the organisation’s objectives, wages and administrative expenses, depreciation and write-downs of fixed assets, and other operating expense. Ordinary depreciation concerns systematic depreciation of tangible fixed assets and intangible assets which deteriorate because of age and the like.

Financial income and financial expenses are ordinary revenues and expenses relating to investments, securities, debtors and debts.

Taxes represent taxes related to the accounting result, and consist of taxes payable, expected reimbursement claims from owners and changes in deferred taxes. Taxes are divided into taxes connected with ordinary result and tax expense connected with extraordinary items.

Fixed assets mainly cover assets which are included in the foundations’ long-term value creation and which are intended for permanent use or ownership, and debtors and securities which are scheduled for repayment later than one year after the time of settlement. They include tangible fixed assets such as property, intangible assets such as research and development, and long-term investments.

Current assets are assets which are connected with the foundations’ sale of goods and services, or which are expected to have a functional period of less than one year in operation. They are made up of cash and shot-term investments, debtors and inventories. Debtors are current assets if it has been agreed or scheduled that they will be repaid within one year after the end of the financial year.

Equity (net assets) is defined as the share of total assets belonging to the foundation, and is total assets minus liabilities.

Liabilities consist of all obligations which may restrict the foundation’s use of its resources in the future. Liabilities are composed of provisions for liabilities and charges, other long-term liabilities, and short-term liabilities. Long-term liabilities are legal or financial obligations not meant to be redeemed in the next accounting period, and are unrelated to the foundation’s short-term sales of goods and services. Short term liabilities are liabilities falling due for payment within one year from the time of settlement, or liabilities directly related to the foundation’s short-term sales of goods and services.

The key figures provide information about the foundations’ capital strength and liquidity. Equity ratio expresses the capital strength of the foundation, i.e. its ability to withstand setbacks and losses. Current ratio is an indicator of the foundation’s ability to pay debt. Since current ratio is only measured at balance-sheet date, it has limited information about the current ability to pay debt.

Standard classifications

Industrial classification is in accordance with the revised Norwegian Standard Industrial Classification (SN2007) based on the EU industrial classification NACE Rev. 2. Foundations operating in several fields are mainly grouped by the activity which contributes the most to the foundation’s overall added value.

Non-profit foundations may also be classified according to sphere of activity by the use of International Classification for Non-Profit Organizations (ICNPO codes.). The table below shows the ICNPO-categories:

ICNPO-activity classification

International standard

Norwegian version

ICNPO-nr.

 

ICNPO-nr.

 

1.

Culture and recreation

1.

Culture and recreation

1 100

Culture and arts

1 100

Culture and arts

1 200

Sports

1 200

Sports

1 300

Other recreation and social clubs

1 300

Other recreation and social clubs

2.

Education and research

2.

Education and research

2 100

Primary and secondary education

2 100

Primary and secondary education

2 200

Higher education

2 200

Higher education

2 300

Other education

2 300

Other education

2 400

Research

2 400

Research

3.

Health

3.

Health

3 100

Hospitals and rehabilitation

3 900

Hospitals, rehabilitation, mental health and crisis intervention and other health services

3 300

Mental health and crisis intervention

3 400

Other health services

3 200

Nursing homes

3 200

Nursing homes

4.

Social services

4.

Social services

4 100

Social services

4 000

Social services including emergency, relief, income support and maintenance

- of this kindergartens

- of this child welfare

- of this substance abuse related services

4 200

Emergency and relief

4 300

Income support and maintenance

5.

Environment

5.

Environment

5 100

Environment

5 000

Environment and animal protection

5 200

Animal protection

6.

Development and housing

6.

Development and housing

6 100

Economic, social and community development

6 100

Economic, social and community development

6 200

Housing

6 200

Housing

6 300

Employment and training

 

 

7.

Law, advocacy and politics

7.

Law, advocacy and politics

7 100

Civil and advocacy organisations

7 900

Civil and advocacy organisations and law and legal services

7 200

Law and legal services

7 300

Political organisations

7 300

Political organisations

8.

Philanthropic intermediaries and voluntarism promotion

8.

Volunteer centres

8   100

Grant making foundations

 

In progress

8 200

Other philanthropic intermediaries and voluntarism promotion

8 200

Volunteer centres

9.

International

9.

International organisations

9 100

International activities

9 100

International organisations

10.

Religion

10.

Religion

10 100

Religious congregations and associations

10 100

Religious congregations and associations

11.

Business and professional associations, unions

11.

Business and professional associations, unions

11 100

Business associations

11 100

Business associations

11 200

Professional associations

11 200

Professional associations

11 300

Labour unions

11 300

Labour unions

12.

Not elsewhere classified

12.

Not elsewhere classified

12 100

Not elsewhere classified

12 100

Not icluded

Administrative information

Name and topic

Name: Accounting statistics for non-financial foundations
Topic: Establishments, enterprises and accounts

Responsible division

Division for Accounting Statistics and Business Register

Regional level

National level.

Frequency and timeliness

Frequency: Annually. Timeliness: The statistics are published 10 months after the end of the fiscal year.

International reporting

Not relevant

Microdata

The statistics are documented and stored.

Background

Background and purpose

The purpose of accounting statistics for foundations is to obtain information for economic overviews and analyses to be used in research and national accounts. The statistics provide a basis for the comparison of foundations, including non-profit foundations, classified according to ICNPO codes, over time. For further information on ICNPO, see item 4.2.

Users and applications

The major users of the statistics are the Ministry of Culture, the National Account’s satellite accounts on non-financial foundations, voluntary organisations, and research foundations.

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 08 am. Prior to this, a minimum of three months' advance notice is given inthe Statistics Release Calendar. This is one of Statistics Norway’s key principles for ensuring that all users are treated equally.

Coherence with other statistics

Not relevant

Legal authority

Statistics Act Section 3-2. The data are collected from the Register of Company Accounts in Brønnøysund.

EEA reference

Not relevant

Production

Population

The statistics cover all foundations which are required to submit annual reports, and which have submitted annual reports when Statistics Norway collects the data. Only non-financial foundations are included in the statistics. Annual reports having serious flaws either in profit and loss account or the balance sheet are not included in the statistics. Annual reports for companies which are winding up are omitted, since the reports are not prepared under the going concern assumption and can consequently not be compared with other accounts.

Data sources and sampling

A foundation is created when, by a will, an endowment, or other legal disposition, an asset is made available for a certain social, charitable, economic, educational, humanitarian, or other purpose. Privately established autonomous funds, bodies and legacies are also classified as foundations. Most foundations are not tax liable and do not therefore submit tax questionnaires on accounting. They are however obliged to submit annual reports, and do submit them to Brønnøysund.

The foundations’ financial situation, found in profit and loss account and the balance sheet, will be presented, their solidity and liquidity elucidated.

Census.

Collection of data, editing and estimations

The Register of Companies in Brønnøysund prepares the annual reports before electronically submitting them to Statistics Norway. All the data being obtained from the Register of Companies in Brønnøysund, foundations have no response burden with regard to accounting statistics for foundations.

The Register of Companies in Brønnøysund and Statistics Norway check the annual reports manually and mechanically to ensure that the information is correctly recorded. More checks are carried out to make sure that there is consistency between some accounts in profit and loss account and the balance sheet.

The statistics are estimated by adding up a certain account, e.g. debtors, for all the units in the statistics.

Seasonal adjustment

Not relevant

Confidentiality

As a rule, a figure is not published if it is based on fewer than three units. Also, if one company has a share of 90 per cent or more of the value, or if two companies contribute 95 per cent or more to the value, the figure is not published.

Comparability over time and space

The total amounts in the statistics are comparable from 2008.

Accuracy and reliability

Sources of error and uncertainty

Errors can arise when the data are being registered or processed at Statistics Norway or at the Register of Accounts in Brønnøysund.

The degree of specification in the profit and loss accounts and the balance sheets varies from annual report to annual report. Although a standard chart of accounts specifying items is established by accounting legislation, different items may nevertheless be combined, if a more clearly set out annual report may result from that. In addition to that heterogeneity in the data, the contents of particular items may vary according to the activity to which the foundation belongs.

As regards the foundations which do not follow calendar year, it is the account closed in the calendar year which is covered by the statistics.

Not all annual reports are available when the statistics are produced. Therefore, the data are incomplete.

The statistics are based on census and do not therefore have uncertainties concerning sampling variance and non-response, with which sample surveys are encumbered.

The statistics are among other things based on information from registers at a given point in time, while both administrative and statistical registers are continually updated and are consequently changed when the statistics are being produced.

Revision

Not relevant