11090_not-searchable
/en/offentlig-sektor/statistikker/attregn/aar
11090
Profitable development
statistikk
2008-12-11T10:00:00.000Z
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), 2003-2007

This statistics has been discontinued.

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Profitable development

In 2007, rehabilitation enterprises owned by local government achieved a profitable accounting year. The profit before tax was approximately NOK 275 million, which was an increase of around NOK 74 million. Roughly 20 700 persons were employed in these enterprises.

Rehabilitation enterprises owned by local government had a positive accounting year in 2007. The profit before tax was approximately NOK 275 million, which was around 4.3 per cent of the operating income. In 2006, this figure was NOK 204 million or 3.5 per cent. The operating income for 2007 was NOK 6 408 million; an increase of NOK 574 million from 2006. Operating expenses increased by NOK 498 million in the same period.

The enterprises received NOK 2 490 million in public subsidies in 2007. This was an increase of NOK 127 million from the previous year. There has been an increase in public subsidies since 2003, but the rate of increase has diminished in the last two years.

Improved liquidity and stable financial situation

At the end of 2007, local government owned enterprises’ total assets were estimated to be NOK 5 174 million. This was an increase of approximately NOK 405 million or 8.5 per cent from 2006. The value of the enterprises’ fixed assets increased by NOK 211 million. During the same period, the value of the enterprises’ current assets related to the sale of goods and services increased by NOK 194 million. The increases were approximately 8 per cent and 9 per cent respectively.

The enterprises achieved positive liquidity and working capital. The current ratio throughout the whole period was approximately 2. This implies that the value of the current assets transformed into liquidity was double that of the short-term liabilities.

Overall, the enterprises’ financial situation has been relatively stable and the financing ratio was around 0.7 during the period. The financing ratio is the fixed assets in proportion to the long-term capital.

Development

The number of local government owned enterprises has remained relatively stable in the last five years. There were 319 local government owned enterprises by the end of 2007, employing approximately 20 700 persons. This was an increase of about 300 persons compared to 2007. The total number of people employed by these enterprises includes the number of employees in rehabilitation programmes as well as regular employees.

Local government owned rehabilitation enterprises

The local government is deemed to own 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 occupational handicaps, and to create jobs. For the majority of rehabilitation enterprises the activities involve the 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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