Statistics Norway

Statistics of accounts-local government owned rehabilitation enterprises

1 Statistics of accounts-local government-owned rehabilitation enterprises. 2004-2008. NOK million and per cent
  2004 2005 2006 2007 2008
  NOK Million Per cent NOK Million Per cent NOK Million Per cent NOK Million Per cent NOK Million Per cent
Income statement                    
Operating income 4 957  100.0 5 288  100.0 5 834  100.0 6 473  100.0 6 916  100.0
Sales revenue 2 833 57.2 2 965 56.1 3 403 58.3 3 800 58.7 4 056 58.7
Public subsidy 2 051 41.4 2 203 41.7 2 363 40.5 2 546 39.3 2 734 39.5
Other operating income 72 1.4  121 2.3 67 1.2  127 2.0  125 1.8
                     
Operating expenses 4 832 97.5 5 074 96.0 5 612 96.2 6 173 95.4 6 668 96.4
Raw materials and consumables 1 258 25.4 1 306 24.7 1 488 25.5 1 656 25.6 1 757 25.4
Payroll expenses 2 523 50.9 2 686 50.8 2 972 51.0 3 226 49.8 3 539 51.2
Depreciation and amortisation expenses  191 3.8  191 3.6  207 3.5  235 3.6  251 3.6
Other expenses  861 17.4  892 16.9  945 16.2 1 057 16.3 1 120 16.2
                     
Operating profit  124 2.5  214 4.0  221 3.8  300 4.6  248 3.6
                     
Financial income 26 0.5 26 0.5 39 0.7 64 1.0 91 1.3
Financial expenses 53 1.1 47 0.9 57 1.0 87 1.3  153 2.2
                     
Operating profit or loss before tax 97 2.0  193 3.6  204 3.5  277 4.3  186 2.7
                     
Tax payable -1 0.0 0 0.0 0 0.0 1 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 98 2.0  193 3.6  203 3.5  276 4.3  187 2.7
                     
Extraordinary income 9 0.2 18 0.3 0 0.0 16 0.3 4 0.1
Extraordinary expenses 1 0.0 2 0.0 1 0.0 2 0.0 0 0.0
                     
Net profit or loss for the year  106 2.1  208 3.9  203 3.5  290 4.5  191 2.8
                     
Balance sheet                    
Fixed assets 2 279 56.6 2 340 54.7 2 621 55.0 2 850 54.6 3 181 56.3
Tangible fixed assets, intantngible fixed assets 2 193 54.5 2 240 52.4 2 522 52.9 2 704 51.8 2 984 52.8
Long-term receivables 32 0.8 45 1.0 29 0.6 83 1.6  106 1.9
Shares and bonds 54 1.3 55 1.3 70 1.5 63 1.2 91 1.6
                     
Current assets 1 746 43.4 1 936 45.3 2 148 45.0 2 371 45.4 2 474 43.7
Inventories  439 10.9  437 10.2  513 10.8  557 10.7  614 10.9
Accounts receivables  388 9.6  418 9.8  497 10.4  537 10.3  560 9.9
Other receivables  150 3.7  181 4.2  166 3.5  204 3.9  232 4.1
Shares and bonds 9 0.2 18 0.4 55 1.1 42 0.8 35 0.6
Cash and bankdeposits  761 18.9  882 20.6  918 19.2 1 031 19.7 1 033 18.3
                     
Assets 4 025  100.0 4 276  100.0 4 769  100.0 5 222  100.0 5 655  100.0
                     
Equity 2 031 50.5 2 241 52.4 2 474 51.9 2 768 53.0 2 963 52.4
Share equity  215 5.3  215 5.0  226 4.7  227 4.3  230 4.1
Other invested equity 51 1.3 65 1.5 71 1.5  146 2.8  178 3.2
Other retained earnings 1 765 43.9 1 960 45.8 2 178 45.7 2 395 45.9 2 554 45.2
                     
Long-term liabilities 1 084 26.9 1 109 25.9 1 232 25.8 1 373 26.3 1 552 27.5
                     
Short-term liabilities  910 22.6  927 21.7 1 062 22.3 1 080 20.7 1 140 20.2
Convertible loans 30 0.7 35 0.8 65 1.4 61 1.2 75 1.3
Trade creditors  287 7.1  292 6.8  352 7.4  342 6.5  334 5.9
Other short-term liabilities  593 14.7  600 14.0  646 13.5  677 13.0  731 12.9
                     
Equity and liabilities 4 025  100.0 4 276  100.0 4 769  100.0 5 222  100.0 5 655  100.0
                     
Key figures                    
Number of enterprises    317    320    327    321    310
Number of employees   17 990   19 089   20 407   22 235   22 736
Return on total assets in per cent 1   3.7   5.6   5.5   7.0   6.0
Return on equity in per cent 2   4.8   8.6   8.2   10.0   6.3
Current ratio 3   1.9   2.1   2.0   2.2   2.2
Working capital. NOK million 4    836   1 010   1 086   1 291   1 334
Financing ratio 5   0.7   0.7   0.7   0.7   0.7
Equity ratio per cent 6   50.5   52.4   51.9   53.0   52.4
Debt-equity ratio 7   1.0   0.9   0.9   0.9   0.9
1  Operating result before tax + interest expense in per cent of total equity and liabilities at 31 December.
2  Operating result after tax in per cent of total equity at 31 December.
3  Current assets at 31 December in proportion to current liabilities at 31 Decenber.
4  Current assets at 31 December - current liabilities at 31 Decenber.
5  Fixed assets in proportion to long-term capital at 31 December.
6  Equity in per cent of total equity and liabilities at 31 December.
7  Total liabilities in proportion to total equity at 31 December.

Explanation of symbols