Statistics Norway

State enterprises, accounting figures

1   Statistics of accounts for local government-owned rehabilitation enterprises. 2000-2004. NOK million and per cent
  2000 2001 2002 2003 2004
  NOK million Per cent NOK million Per cent NOK million Per cent NOK million Per cent NOK million Per cent
Income statement                    
Operating income 2 622  100.0 4 378  100.0 4 403  100.0 4 618  100.0 4 944  100.0
Sales revenue 1 597 60.9 2 661 60.8 2 605 59.2 2 712 58.7 2 865 57.9
Public subsidy  889 33.9 1 609 36.8 1 712 38.9 1 839 39.8 1 998 40.4
Other operating income  136 5.2  108 2.5 86 2.0 67 1.5 81 1.6
                     
Operating expenses 2 612 99.6 4 296 98.1 4 287 97.4 4 460 96.6 4 821 97.5
Raw materials and consumables  665 25.4 1 257 28.7 1 156 26.3 1 136 24.6 1 278 25.8
Payroll expenses 1 356 51.7 2 164 49.4 2 225 50.5 2 354 51.0 2 515 50.9
Depreciation and amortisation expenses  115 4.4  178 4.1  176 4.0  179 3.9  190 3.8
Other expenses  476 18.2  698 15.9  730 16.6  787 17.0  838 16.9
                     
Operating profit 10 0.4 82 1.9  116 2.6  158 3.4  123 2.5
                     
Financial income 28 1.1 50 1.1 57 1.3 44 1.0 26 0.5
Financial expenses 50 1.9 80 1.8 82 1.9 71 1.5 53 1.1
                     
Operating profit or loss before tax -12 -0.5 52 1.2 91 2.1  131 2.8 96 1.9
                     
Tax payable 1 0.0 1 0.0 1 0.0 0 0.0 -1 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 -12 -0.5 51 1.2 90 2.0  130 2.8 96 1.9
                     
Extraordinary income 19 0.7 7 0.2 49 1.1 4 0.1 9 0.2
Extraordinary expenses 2 0.1 6 0.1 7 0.2 1 0.0 1 0.0
                     
Net profit or loss for the year 5 0.2 52 1.2  132 3.0  134 2.9  105 2.1
                     
Balance sheet                    
Fixed assets 1 228 57.8 1 996 55.9 2 029 55.8 2 064 55.6 2 274 56.6
Tangible fixed assets, intangible fixed assets 1 188 55.9 1 896 53.1 1 944 53.5 1 981 53.4 2 188 54.5
Long-term receivables 26 1.2 58 1.6 35 1.0 34 0.9 39 1.0
Shares and bonds 13 0.6 42 1.2 50 1.4 49 1.3 47 1.2
                     
Current assets  896 42.2 1 576 44.1 1 604 44.2 1 649 44.4 1 741 43.4
Inventories  238 11.2  439 12.3  425 11.7  416 11.2  438 10.9
Accounts receivables  213 10.0  361 10.1  341 9.4  330 8.9  385 9.6
Other receivables 65 3.1  138 3.9  108 3.0  136 3.7  152 3.8
Shares and bonds 6 0.3 13 0.4 12 0.3 16 0.4 9 0.2
Cash and bank deposits  374 17.6  624 17.5  718 19.8  752 20.3  757 18.9
                     
Assets 2 124  100.0 3 572  100.0 3 633  100.0 3 713  100.0 4 015  100.0
                     
Equity  920 43.3 1 664 46.6 1 869 51.4 1 887 50.8 2 026 50.5
Share equity  135 6.4  203 5.7  206 5.7  205 5.5  212 5.3
Other invested equity 73 3.4 75 2.1  133 3.7 43 1.2 48 1.2
Other retained earnings  712 33.5 1 386 38.8 1 529 42.1 1 639 44.1 1 766 44.0
                     
Long-term liabilities  723 34.0 1 088 30.5  944 26.0 1 009 27.2 1 082 26.9
                     
Short-term liabilities  481 22.6  820 23.0  820 22.6  817 22.0  908 22.6
Convertible loans 28 1.3 67 1.9 57 1.6 33 0.9 30 0.7
Trade creditors  149 7.0  227 6.4  215 5.9  244 6.6  287 7.1
Other short-term liabilities  304 14.3  526 14.7  548 15.1  540 14.5  591 14.7
                     
Equity and liabilities 2 124  100.0 3 572  100.0 3 633  100.0 3 713  100.0 4 015  100.0
                     
Key figures                    
Number of enterprises    248    317    313    310    311
Number of employees   11 668   15 049   14 880   16 386   16 694
Return on total assets in per cent   1.9   4.6   4.8   5.4   3.9
Return on equity in per cent   -1.4   3.9   5.1   6.8   4.9
Financing ratio   0.75   0.73   0.72   0.71   0.73
Current ratio   1.86   1.92   1.96   2.02   1.92
Working capital in NOK    415    756    784    832    833
Equity ratio per cent   43.3   46.6   51.4   50.8   50.5
Debt-equity ratio   1.31   1.15   0.94   0.97   0.98

Explanation of symbols