Statistics Norway

State enterprises, accounting figures

1   Statistics of accounts-local government-owned rehabilitation enterprises. 1999-2003. NOK million and per cent
  1999 2000 2001 2002 2003
  NOK million Per cent NOK million Per cent NOK million Per cent NOK million Per cent NOK million Per cent
Income statement                    
Operating income 2 349  100.0 2 622  100.0 4 378  100.0 4 403  100.0 4 618  100.0
Sales revenue 1 312 55.9 1 597 60.9 2 661 60.8 2 644 60.1 2 764 59.9
Public subsidy  927 39.5  889 33.9 1 609 36.8 1 506 34.2 1 645 35.6
Other operating income  110 4.6  136 5.2  107 2.4  254 5.8  209 4.5
                     
Operating expenses 2 264 96.4 2 612 99.6 4 296 98.1 4 287 97.4 4 460 96.6
Raw materials and consumables  570 24.3  665 25.4 1 257 28.7 1 156 26.3 1 136 24.6
Payroll expenses 1 225 52.1 1 356 51.7 2 164 49.4 2 225 50.5 2 354 51.0
Depreciation and amortisation expenses 99 4.2  115 4.4  178 4.1  176 4.0  179 3.9
Other expenses  370 15.8  476 18.2  698 15.9  730 16.6  787 17.0
                     
Operating profit 44 1.9 10 0.4 82 1.9  116 2.6  158 3.4
                     
Financial income 27 1.1 28 1.1 50 1.1 57 1.3 44 1.0
Financial expenses 42 1.8 50 1.9 80 1.8 82 1.9 71 1.5
                     
Operating profit or loss before tax 30 1.3 -12 -0.5 52 1.2 91 2.1  131 2.8
                     
Tax payable 1 0.0 1 0.0 1 0.0 1 0.0 0 0.0
Changes in postpone tax 0 0.0 0 0.0 0 0.0 0 0.0 0 0.0
                     
Operating profit or loss 28 1.2 -12 -0.5 51 1.2 90 2.0  130 2.8
                     
Extraordinary income 9 0.4 19 0.7 7 0.2 49 1.1 4 0.1
Extraordinary expenses 1 0.0 2 0.1 6 0.1 7 0.2 1 0.0
                     
Net profit or loss for the year 36 1.5 5 0.2 52 1.2  132 3.0  134 2.9
                     
Balance sheet                    
Fixed assets 1 079 56.9 1 228 57.8 1 996 55.9 2 029 55.8 2 064 55.6
Tangible fixed assets, intantngible fixed assets 1 057 55.7 1 188 55.9 1 896 53.1 1 944 53.5 1 981 53.4
Long-term receivables 15 0.8 26 1.2 58 1.6 35 1.0 34 0.9
Shares and bonds 7 0.4 13 0.6 42 1.2 50 1.4 49 1.3
                     
Current assets  818 43.1  896 42.2 1 576 44.1 1 604 44.2 1 649 44.4
Inventories  221 11.6  238 11.2  439 12.3  425 11.7  416 11.2
Accounts receivables  188 9.9  213 10.0  361 10.1  341 9.4  330 8.9
Other receivables 66 3.5 65 3.1  138 3.9  108 3.0  136 3.7
Shares and bonds 5 0.3 6 0.3 13 0.4 12 0.3 16 0.4
Cash and bankdeposits  339 17.9  374 17.6  624 17.5  718 19.8  752 20.3
                     
Assets 1 897  100.0 2 124  100.0 3 572  100.0 3 633  100.0 3 713  100.0
                     
Equity  835 44.0  920 43.3 1 664 46.6 1 869 51.4 1 887 50.8
Share equity  120 6.3  135 6.4  203 5.7  206 5.7  205 5.5
Other invested equity 88 4.6 73 3.4 75 2.1  133 3.7 43 1.2
Other retained earnings  627 33.1  712 33.5 1 386 38.8 1 529 42.1 1 639 44.1
                     
Long-term liabilities  620 32.7  723 34.0 1 088 30.5  944 26.0 1 009 27.2
                     
Short-term liabilities  442 23.3  481 22.6  820 23.0  820 22.6  817 22.0
Convertible loans 38 2.0 28 1.3 67 1.9 57 1.6 33 0.9
Trade creditors  132 7.0  149 7.0  227 6.4  215 5.9  244 6.6
Other short-term liabilities  272 14.3  304 14.3  526 14.7  548 15.1  540 14.5
                     
Equity and liabilities 1 897  100.0 2 124  100.0 3 572  100.0 3 633  100.0 3 713  100.0
                     
Key figures                    
Number of enterprises    237    248    317    313    310
Number of employees   9 856   11 668   15 049   14 880   16 386
Return on total assets in per cent   3.8   1.9   4.6   4.8   5.4
Return on equity in per cent   3.4   -1.4   3.9   5.1   6.8
Financing ratio   0.74   0.75   0.73   0.72   0.71
Current ratio   1.85   1.86   1.92   1.96   2.02
Working capital (NOK)    376    415    756    784    832
Equity ratio per cent   44.0   43.3   46.6   51.4   50.8
Debt-equity ratio   1.27   1.31   1.15   0.94   0.97

Explanation of symbols