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131064
Increase in foundations’ assets
statistikk
2013-11-21T10:00:00.000Z
Establishments, enterprises and accounts
en
regnifs, Accounting statistics for non-financial foundationsAccounts , Establishments, enterprises and accounts
false

Accounting statistics for non-financial foundations, 2012

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Increase in foundations’ assets

Norwegian foundations had NOK 106 billion in assets in 2012, which was an increase of 10 per cent from 2011.

Accounting figures for non-financial foundationsPublished 21 November 2013
All foundationsNon-profit foundations
NOK millionPer centNOK millionPer cent
201120122011 - 2012201120122011 - 2012
Figures for 2012 are revised. Updated figures can be found in the StatBank source table
Income statement
Operating income36 17935 885-0.826 75228 1885.4
Operating profit1 4432 75891.19381 07514.6
Net profit2954 4651 413.67441 19961.2
Balance sheet
Fixed assets50 54258 45415.718 16019 6027.9
Current assets45 72847 3593.615 56016 0092.9
Equity66 71574 98412.418 20019 2275.6
Liabilities29 55830 3392.615 52116 0593.5
Per centPercentage pointsPer centPercentage points
Key figures
Equity ratio69.370.91.654.054.00.0
Current ratio5.045.060.022.352.420.07
 
Number of enterprises7 7737 505-2682 9442 880-64

Source: Statistics Norway

Operating expenses for the foundations totalled NOK 33 billion in 2012. Net profit amounted to NOK 4.5 billion in the same year. Operating expenses fell by 4.6 per cent from 2011, while operating profit saw a major increase from NOK 295 million.

The foundations financed 71 per cent of their assets by equity and 29 per cent by debt. Equity ratio has been rising since 2010.

Non-profit foundations

There were about 7 500 registered foundations in 2012, almost 2 900 of which were non-profit and were worth NOK 35.6 billion, which was 5.6 per cent more than the NOK 33.7 billion in 2011. Operating expenses for non-profit foundations stood at NOK 27.1 billion in 2012, up 5.0 per cent from 2011. Net profit increased from NOK 744 million in 2011 to NOK 1.2 billion in 2012.

The non-profit foundations acquired 54 per cent of their assets by equity finance and 46 per cent by debt finance. Equity ratio remained the same as in 2011.