414505
/en/virksomheter-foretak-og-regnskap/statistikker/regnut/kvartal
414505
statistikk
2021-03-05T08:00:00.000Z
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
true

Accounting statistics, non-financial enterprises foreign financing

Updated

Next update

Key figures

5.0 %

year-to-year change total liabilities abroad

Assets and liabilities in foreign countries. NOK million. Preliminary figures
4th quarter 2020Change in per cent
3rd quarter 2020 - 4th quarter 20204th quarter 2019 - 4th quarter 2020
Total assets1 561 327-5.3-8.0
Fixed assets1 173 742-4.6-8.5
Current assets387 585-7.2-6.5
Total liabilities1 362 285-5.05.0
Long-term liabilities996 534-6.98.0
Short-term liabilities365 7510.4-2.4

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.
1st quarter 20171 506 1601 147 778358 3821 346 446972 508373 937
2nd quarter 20171 532 8811 170 390362 4911 347 7741 016 054331 720
3rd quarter 20171 491 4911 134 010357 4811 279 112959 045320 066
4th quarter 20171 562 8581 176 718386 1401 252 098919 081333 017
1st quarter 20181 481 3021 117 188364 1141 201 135860 611340 524
2nd quarter 20181 522 6131 148 511374 1021 154 241846 220308 021
3rd quarter 20181 530 0401 123 784406 2561 115 127816 294298 833
4th quarter 20181 587 1121 176 044411 0671 154 191806 161348 030
1st quarter 201911 613 1691 194 440418 7291 158 882767 844391 038
2nd quarter 201911 638 6721 212 952425 7201 192 576829 600362 976
3rd quarter 201911 682 4881 288 851393 6361 236 027885 705350 322
4th quarter 201911 696 9111 282 352414 5591 297 430922 726374 704
1st quarter 202011 701 8961 280 673421 2231 415 3391 052 036363 303
2nd quarter 202011 659 1621 247 718411 4431 442 8161 102 431340 385
3rd quarter 202011 648 7151 230 892417 8221 434 6341 070 203364 431
4th quarter 202011 561 3271 173 742387 5851 362 285996 534365 751

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

Next release

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 10 and 20.

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