11092_not-searchable
/en/offentlig-sektor/statistikker/attregn/aar
11092
Profitable development
statistikk
2007-12-05T10:00:00.000Z
Public sector
en
attregn, Local government owned rehabilitation enterprises, accounts (discontinued), profit and loss account, balance sheet, training enterprises, handicapped in choice of occupationLocal government finances , Public sector
false

Local government owned rehabilitation enterprises, accounts (discontinued), 2002-2006

This statistics has been discontinued.

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Profitable development

In 2006, rehabilitation enterprises owned by the local government achieved a profitable accounting year. There were about 324 of these enterprises and they employed about 19 300 persons.

The rehabilitation enterprises owned by the local government had a positive accounting year in 2006. The profit before tax was about NOK 202 million. This was approximately 3.5 per cent of the operating income. In 2005, this was about NOK 191 million or 3.6 per cent respectively. The operating income for 2006 was about NOK 5 809 million, an increase of about NOK 537 million from 2005. Operating expenses increased by about NOK 530 million in the same period.

The enterprises received NOK 2 290 million in public subsidies in 2006. This was an increase of NOK 95 million from the previous year. There has been an increase in public subsidies since 2002, but the rate of increase has been diminishing in the last two years.

Improved liquidity and stable financial situation

At the end of 2006, the local government owned enterprises’ total assets were estimated to be about NOK 4 737 million. This was an increase of about NOK 475 million or 11 per cent from 2005. The value of the enterprises’ fixed assets increased by about NOK 275 million. During the same period, the value of the enterprises’ current assets related to the sales of goods services increased by about NOK 200 million. The increases were about 11.8 per cent and 10.5 per cent respectively.

The enterprises achieved positive liquidity and working capital. The current ratio has been approximately 2 during the whole period. This implies that the value of the current assets which were transformed into liquidity were as double as the short term liabilities.

All in all, the enterprises financial situation has been relatively stable and the financing ratio has been about 0.7 during the period. The financing ratio is the fixed assets in proportion to the long term capital.

Development

The number of the local government owned enterprises has been relatively stable during the last five years. There were about 324 local government owned enterprises by the end of 2006 and they employed approximately 19 300 persons. This was an increase of about 700 persons compared to 2005. The total number of people employed by these enterprises comprises the number of employees in rehabilitation programmes as well as regular employees.

Local government owned rehabilitation enterprises

The local government owns an enterprise if the local government or the county municipality directly or indirectly owns more than 50 per cent of the paid-up share capital.

 

Rehabilitation programmes are designed to provide work opportunities for occupational handicapped people. They offer training and counselling related to education, rehabilitation and occupationally handicapped and to create jobs. For the majority of rehabilitation enterprises the activities involved production of goods and services. Examples of such rehabilitation enterprises are public work cooperatives (ASVO), work preparation training (AFT) and work with assistance (AB).

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