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/en/offentlig-sektor/statistikker/attregn/aar
52769
Profitable development
statistikk
2011-12-06T10:00:00.000Z
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), 2006-2010

This statistics has been discontinued.

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Profitable development

Rehabilitation enterprises owned by the local government achieved a profitable accounting year in 2010. Profit before tax was NOK 92 million, which is a decline of some NOK 28 million from 2009. These enterprises employed about 24 700 persons as at the end of 2010.

The profit before tax was about NOK 92 million, which was approximately 1.3 per cent of the operating income. In 2009, the corresponding figures were NOK 120 million or 1.8 per cent respectively. The operating income for 2010 was NOK 7 106 million; an increase of NOK 301 million from 2009. The operating expenses during the period increased by approximately NOK 323 million.

The enterprises received more than NOK 3 100 million in public subsidies in 2010. This was an increase of NOK 207 million from the previous year.

Improved liquidity

At the end of 2010, the local government-owned enterprises’ total assets were estimated to be NOK 5 985 million. This was an increase of about NOK 295 million or 4.9 per cent from 2009. The value of the enterprises’ fixed assets increased by NOK 244 million or 6.9 per cent. During the same period, the value of the enterprises’ current assets related to the sale of goods services increased by NOK 51 million or 2.0 per cent.

The enterprises achieved positive liquidity and working capital. The current ratio has been approximately 2 during the whole period. This means that the value of the current assets that were transformed into liquidity was double that of 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 local government-owned enterprises has been relatively stable during the last five years but has been declining in the last couple of years. There were 306 local government-owned enterprises by the end of 2010. The decrease in the number of the enterprises since 2006 is basically the result of takeovers, or buying and selling of the enterprises. The enterprises employed approximately 24 700 persons. This was an increase of about 536 persons compared to the previous year. 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 occupationally handicapped people. They offer training and counselling related to education, rehabilitation and occupational handicaps, and 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 (VTA), work preparation training (AFT) and work with assistance (AB).

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