Local government owned rehabilitation enterprises, accounts (discontinued), 2004-2008

Municipality

Annually
Accounting statistics for Public corporations 12 months
Accounting statistics for Local Government owned rehabilitation enterprises 12 months (No longer available with effect from 2012) 
Structural statistics for Public corporations 3 months

As an integral part of the national accounts

Micro data are stored in an Oracle database together with the accounts for the private owned non-financial corporations. Published tables are stored as flat files.

The purpose of the statistics is to collect and compile figures needed to present macroeconomic statistics and statistics about public corporations. This started in 1961 (NOS XII 185).

The major user of the statistics is the National Account Division at Statistics Norway, the public authorities and the general public.

The statistics is issued annually and the data produced for that year in question is provisional. Furthermore, the figures are included the national accounts and in the financial sector balance sheet.

Statistics act Sections 2-2 and 3-2.

Council Regulation (EC) No 2223/96 – on the European system of national and regional accounts in the Community amended by Articles of Regulation 448/98, 1500/2000, 2516/2000, 995/2001, 113/2002, 1267/2003, 1392/2007 and 715/2010.

Council Regulation (EC) No 3037/90 – on the statistical classification of economic activities in the European Community amended by Article of Regulation 761/93, 29/2002 and 1893/2006

Regulation (EC) No 177/2008 of The European Parliament and of the Council – on establishing a common framework for business registers for statistical purposes and repealing council Regulation No 2186/93

Council Regulation (EC) No 2223/96 – on the European system of national and regional accounts in the community amended by Articles of Regulation 448/98, 1500/2000, 2516/2000, 995/2001, 113/2002, 1267/2003, 1392/2007 and 715/2010

Commission Regulation (EC) No 264/2000 - on the implementation of Council Regulation No 2223/96 with respect to short-term public finance statistics

The population comprises all Norwegian companies defined as public non-financial corporations. Corporations which are General government are excluded since these are entered into the central government and/or the local government.

These are all market oriented non-financial corporations in which the central government or municipality/county municipality directly or indirectly owns more than 50 per cent of the shares.  These include all companies incorporated by special legislation market entities.

The statistic does not include the company consolidated account.

The accounting statistics comprises income statement, balance sheet and selected accounting key figures.

The structural business account takes into consideration the number of the enterprises, the geographical concentration, the industrial classification and the business organization form.

The basis of the statistics is by accounting reports are obtained by the Tax questionnaire on accounting reported to the Directorate of Taxes. The statistics does not include the consolidated financial account.

With the effect from 2005, the statisticsNorwayhas obtained direct accounting information from the Central Register of Establishment of Enterprises when necessary.

By electronic reporting, the companies send a copy of the Tax questionnaire directly to Statistics Norway via IDUN (Informasjons- og DataUtveksling med Næringslivet).

Specifications of some selected items in the balance sheet are reported on an additional questionnaire. Accounting information for the Municipality Energy Supply corporations are collected from the "Economics and Technical report to the Norwegian Water Resources and Energy Directorate and Statistics Norway". Accounting information for smaller corporations are obtained directly from the Central Register of Establishments and Enterprises. Accounting information obtained by this method is less detailed than the Tax questionnaires on accounting.

The Statistics Norway collects the Tax questionnaires on accounting on the companies when these are not available. The Tax questionnaires are sent out and are sent back when completed by the companies. This must be return within a stipulated deadline to the Statistics Norway.

The questionnaire is issued in connection with the deadline of providing the Tax questionnaire to the Norwegian Tax authority. The deadline for sending in the questionnaires to Statistics Norway is usually the last week in June.

The data are registered in a common accounting database at Statistics Norway that comprises both public and private non-financial corporations.

Control and revision are automatically built-in the accounting database at Statistics Norway This constitutes a control and revision of the balance sheet in accordance with the annual accounts and a macro control.

This is in accordance by Statistic Act § 2-6, information published may not be traced back or identified to any individual. This is to ensure that there is no direct disclosure about individual corporations to the general public.

Changes in the accountancy and the company act, as well as the grouping of items in the Tax questionnaires causes deviation in time series.

Starting from 2005, Norwegian companies can opt for International Financial Report Standards (IFRS) in their annual accounting reports. This has affected the comparability of different companies applying different principles.