Public corporations, accounts

Updated: 12 December 2024

Next update: Not yet determined

Endring i driftsresultat fra året før

2023

-47.3

%

Public corporations, accounts
	2023	2022 - 2023
Operating income
Operating income	2 048 892	-24.3
Operating expenses	1 328 175	-0.9
Operating profit	720 717	-47.3
Net profit for the year	879 883	-15.7
Balance
Fixed Assets	3 720 724	2.5
Current Assets	1 394 733	-25.5
Assets	5 115 455	-7.0
Equity and liabilities	5 115 454	-7.0

Selected tables and charts from this statistics

Table 1Public non-financial corporations. Income statement. Selected accounting figures. NOK million and share.

Public non-financial corporations. Income statement. Selected accounting figures. NOK million and share.
	NOK million	Share	NOK million	Share	NOK million	Share
	2021		2022		2023
Income Statement
Operating income	1 587 512	100.0	2 706 795	100.0	2 048 892	100.0
Revenue	1 490 325	93.9	2 587 596	95.6	1 928 192	94.1
Special public taxes	-62	0.0	-78	0.0	-15	0.0
Public subsidies	11 716	0.7	8 823	0.3	9 618	0.5
Income from rent, real property and other income from rent	15 980	1.0	21 690	0.8	20 499	1.0
Profit on disposals (sale etc.) of fixed assets	294	0.0	1 357	0.1	964	0.0
Other operating income	68 766	4.3	86 730	3.2	89 262	4.4

Operating expenses	991 010	62.4	1 340 357	49.5	1 328 175	64.8
Raw materials and consumables used	579 707	36.5	873 170	32.3	800 650	39.1
Payroll expense	98 096	6.2	105 955	3.9	114 282	5.6
Depreciation and amortisation expense	114 005	7.2	109 334	4.0	154 897	7.6
Other operating expenses	199 201	12.5	251 894	9.3	258 200	12.6

Operating profit	596 502	37.6	1 366 437	50.5	720 717	35.2
Financial income	188 603	11.9	421 065	15.6	650 052	31.7
Financial expense	86 012	5.4	156 470	5.8	167 240	8.2
Operating result before tax	699 094	44.0	1 631 031	60.3	1 203 525	58.7
Tax	254 443	16.0	587 765	21.7	322 496	15.7
Operating result	444 651	28.0	1 043 265	38.5	614 311	30.0
Net extraordinary income	1	0.0	34	0.0	-4	0.0
Net profit for the year	442 550	27.9	1 043 572	38.6	879 883	42.9

Explanation of symbols

Source

StatBank source table 07864

Table 2Public non-financial corporations. Balance sheet. Selected accounting figures. NOK million and share.

Public non-financial corporations. Balance sheet. Selected accounting figures. NOK million and share.
	NOK million	Share	NOK million	Share	NOK million	Share
	2021		2022		2023
Balance Sheet
Fixed Assets	3 363 370	70.7	3 628 773	66.0	3 720 724	72.7
Intangible fixed assets	94 258	2.0	136 581	2.5	124 466	2.4
Tangible fixed assets	1 167 139	24.5	1 153 361	21.0	1 194 675	23.4
Building and plants	884 202	18.6	643 258	11.7	609 654	11.9
Plant under construction	100 886	2.1	45 685	0.8	41 307	0.8
Houses, land and other real property	24 983	0.5	26 383	0.5	23 497	0.5
Veicles, machinery and equipment etc	92 852	2.0	377 731	6.9	459 655	9.0
Other fixed assets	64 216	1.3	60 304	1.1	60 562	1.2
Financial fixed assets	2 101 962	44.2	2 338 817	42.5	2 401 548	46.9
Investments in group companies/subsidiaries	1 557 810	32.7	1 754 306	31.9	1 866 948	36.5
Investments in associated companies	78 865	1.7	85 964	1.6	82 563	1.6
Loans to group companies, associated companies and joint ventures	329 941	6.9	352 977	6.4	338 835	6.6
Investments in shares and bonds	59 050	1.2	31 144	0.6	32 368	0.6
Other receivables	76 296	1.6	114 426	2.1	80 834	1.6

Current Assets	1 396 793	29.3	1 873 360	34.0	1 394 733	27.3
Inventories	43 324	0.9	40 154	0.7	42 079	0.8
Debtors	923 436	19.4	1 257 298	22.9	842 907	16.5
Account receivable from customers and earned , not invoiced operating income	516 526	10.9	282 269	5.1	205 104	4.0
Receivables from group companies	346 007	7.3	700 753	12.7	551 372	10.8
Other receivables	60 903	1.3	274 276	5.0	86 431	1.7
Investments	222 956	4.7	318 806	5.8	315 045	6.2
Cash and bank deposits	206 863	4.3	256 634	4.7	192 401	3.8

Assets	4 759 790	100.0	5 502 133	100.0	5 115 455	100.0

Equity	2 208 030	46.4	2 321 387	42.2	2 388 612	46.7
Invested equity	1 231 992	25.9	1 273 479	23.1	1 428 301	27.9
Share capital	444 234	9.3	460 244	8.4	471 217	9.2
Share premium reserve	629 104	13.2	617 825	11.2	687 915	13.4
Invested other equity	158 654	3.3	195 410	3.6	269 169	5.3
Retained earnings	976 064	20.5	1 053 755	19.2	982 358	19.2
Reserve for valuation variances	16 268	0.3	45 076	0.8	29 793	0.6
Other equity	1 005 755	21.1	1 021 038	18.6	963 244	18.8
Uncovered losses	-45 959	-1.0	-12 359	-0.2	-10 679	-0.2

Long term liabilities	1 351 325	28.4	1 343 260	24.4	1 381 465	27.0
Provisions	460 643	9.7	427 306	7.8	457 800	8.9
Bonds	337 962	7.1	335 958	6.1	372 675	7.3
Financial institutions	106 612	2.2	87 347	1.6	103 600	2.0
Liabilities to group companies	245 068	5.1	254 540	4.6	252 210	4.9
Financial liabilities	9 419	0.2	7 602	0.1	3 777	0.1
Other long term liabilities	191 582	4.0	229 910	4.2	168 898	3.3

Current liabilities	1 200 763	25.2	1 837 485	33.4	1 345 377	26.3
Financial institutions	64 471	1.4	87 376	1.6	132 630	2.6
Trade creditors	67 450	1.4	74 835	1.4	86 577	1.7
Public duties and tax payable	164 823	3.5	259 492	4.7	175 908	3.4
Dividends payable	75 431	1.6	141 728	2.6	168 472	3.3
Liabilities to group companies	632 951	13.3	1 020 464	18.5	543 491	10.6
Other short term liabilities	195 635	4.1	253 590	4.6	238 300	4.7

Equity and liabilities	4 759 744	100.0	5 502 131	100.0	5 115 454	100.0

Explanation of symbols

Source

StatBank source table 07865

Table 3Public non-financial corporations. Income statement and balance sheet by section. Selected accounting figures. NOK million.

Public non-financial corporations. Income statement and balance sheet by section. Selected accounting figures. NOK million.
	Agriculture, forestry and fishing	Mining and quarrying	Manufacturing	Electricity, gas, steam and air conditioning supply	Water supply, sewerage, waste	Construction	Wholesale and retail trade: repair of motor vehicles and motorcycles	Transportation and storage	Accommodation and food service activities	Information and communication	Real estate activities	Professional, scientific and technical activities	Administrative and support service activities	Public administration and defence	Education	Human health and social work activities	Arts, entertainment and recreation	Other sections	In total
2023
Income Statement
Operating income	734	1 530 598	45 836	205 816	10 393	15 866	30 071	65 011	774	59 391	11 695	6 827	5 353	1 148	493	7 863	50 357	664.0	2 048 890
Revenue	446	1 481 057	44 280	188 197	9 638	13 386	29 935	46 978	659	50 400	1 767	4 368	1 152	1 134	369	4 423	49 849	154.0	1 928 192
Other operating income	205	48 771	1 092	15 967	416	642	86	10 870	32	5 839	619	673	905	0	46	2 446	234	419.0	89 262

Operating expenses	478	901 596	51 977	127 815	9 750	15 674	29 787	62 628	794	53 257	7 997	9 154	5 088	131	490	7 731	43 470	356.0	1 328 173
Raw materials and consumables used	8	658 884	15 094	65 440	2 954	3 408	24 905	7 637	121	18 893	889	694	462	0	39	1 025	128	70	800 651
Payroll expense	154	36 993	9 918	15 268	2 182	3 961	3 260	22 593	316	9 363	749	3 270	678	4	280	4 420	826	48	114 283
Depreciation and amortisation expense	13	101 169	13 368	14 239	888	1 142	273	6 954	28	11 473	3 322	306	1 255	16	8	280	131	31	154 896
Other operating expenses	304	104 551	13 530	32 857	3 696	7 161	1 349	25 441	328	13 525	3 018	4 883	2 691	111	162	2 005	42 382	208	258 202

Operating profit	255	629 001	-6 142	78 001	643	192	283	2 384	-20	6 134	3 698	-2 326	265	1 017	3	132	6 886	308	720 714

Operating result before tax	420	952 394	24 423	125 561	452	-88	364	-7	-57	40 308	7 183	250	107	1 075	4	136	7 075	43 926	1 203 526

Net profit for the year	413	676 756	25 556	78 988	334	-155	257	-888	-52	40 319	5 740	266	97	1 075	4	122	7 073	43 979	879 884

Balance Sheet
Assets	5 859	2 448 589	142 546	1 331 035	17 896	50 345	10 479	157 664	1 532	495 736	197 254	104 519	30 539	968	373	9 533	10 169	100 419	5 115 455
Fixed Assets	5 103	1 603 577	56 638	1 055 298	13 198	34 145	3 008	125 983	1 285	424 254	183 493	93 799	27 800	298	147	5 583	2 624	84 490	3 720 723
Current Assets	756	845 012	85 908	275 738	4 699	16 200	7 471	31 681	246	71 482	13 762	10 719	2 740	670	226	3 950	7 545	15 929	1 394 734

Equity and liabilities	5 859	2 448 589	142 546	1 331 035	17 896	50 345	10 479	157 664	1 532	495 736	197 253	104 519	30 539	968	373	9 533	10 169	100 419	5 115 454
Equity	5 028	1 017 401	49 140	645 092	4 374	18 997	2 988	52 618	707	290 468	115 368	82 657	13 947	851	213	6 070	1 017	81 674	2 388 610
Long term liabilities	383	685 720	9 557	367 795	10 235	20 980	1 921	71 098	610	126 809	56 569	7 927	13 523	0	35	1 784	2 010	4 509	1 381 465
Current liabilities	447	745 469	83 849	318 149	3 287	10 367	5 570	33 948	215	78 458	25 315	13 933	3 070	117	125	1 680	7 141	14 236	1 345 376

Explanation of symbols

Source

StatBank source table 07865

StatBank source table 07864

Table 4Public non-financial corporations, with out central government enterprises. Selected key figures.

Public non-financial corporations, with out central government enterprises. Selected key figures.
	2021	2022	2023
Key figures
Operating profit margin. Per cent¹	28.91	40.33	26.98
Operating margin. Per cent²	37.14	53.24	55.83
Return on total assets. Per cent³	12.54	23.96	22.76
Return on equity. Per cent⁴	11.13	23.86	27.92
Equity ratio. Per cent⁵	45.38	41.04	45.67
Current ratio⁶	1.13	1.00	1.02
Ratio of fixed assets to long term capital⁷	0.95	1.00	0.99
Debt-to-equity ratio⁸	1.20	1.44	1.19
¹Operating profit in per cent of operating income at 31. December.
²Operating result before tax in per cent of operating income at 31. December.
³Operating result before tax + interest expense in per cent of total equity and liabilities at 31 December.
⁴Operating result in per cent of total equity at 31 December.
⁵Equity in per cent of total equity and liabilities at 31 December.
⁶Current assets at 31 December in proportion to current liabilities at 31 Decenber.
⁷Fixed assets in proportion to long- term capital at 31 December.
⁸Total liabilities in proportion to total equity at 31 December.

Explanation of symbols

Source

StatBank source table 07865

StatBank source table 07864

Table 5Central government corporations. Income statement. Selected accounting figures. NOK million and share.

Central government corporations. Income statement. Selected accounting figures. NOK million and share.
	NOK million	Share	NOK million	Share	NOK million	Share
	2021		2022		2023
Income Statement
Operating income	1 117 101	100.0	1 806 583	100.0	1 471 445	100.0
Revenue	1 045 490	93.6	1 720 644	95.2	1 382 296	93.9
Special public taxes	-20	0.0	-18	0.0	1	0.0
Public subsidies	9 886	0.9	6 431	0.4	7 311	0.5
Income from rent, real property and other income from rent	7 494	0.7	12 532	0.7	10 668	0.7
Profit on disposals (sale etc.) of fixed assets	227	0.0	412	0.0	399	0.0
Other operating income	53 741	4.8	66 545	3.7	70 768	4.8

Operating expenses	782 818	70.1	1 052 944	58.3	1 073 388	72.9
Raw materials and consumables used	484 546	43.4	722 471	40.0	690 963	47.0
Payroll expense	73 372	6.6	80 394	4.5	85 459	5.8
Depreciation and amortisation expense	78 111	7.0	65 576	3.6	103 505	7.0
Other operating expenses	146 789	13.1	184 502	10.2	193 389	13.1

Operating profit	334 283	29.9	753 639	41.7	398 057	27.1
Financial income	158 272	14.2	366 847	20.3	600 930	40.8
Financial expense	66 982	6.0	133 353	7.4	134 376	9.1
Operating result before tax	425 573	38.1	987 132	54.6	864 608	58.8
Tax	234 111	21.0	540 486	29.9	294 816	20.0
Operating result	191 462	17.1	446 644	24.7	569 626	38.7
Net extraordinary income	0	0.0	34	0.0	0	0.0
Net profit for the year	190 546	17.1	447 901	24.8	569 631	38.7

Explanation of symbols

Source

StatBank source table 07864

Table 6Central government corporations. Balance sheet. Selected accounting figures.

Central government corporations. Balance sheet. Selected accounting figures.
	NOK million	Share	NOK million	Share	NOK million	Share
	2021		2022		2023
Balance Sheet
Fixed Assets	2 349 340	66.9	2 496 948	61.9	2 561 033	69.3
Intangible fixed assets	62 498	1.8	64 622	1.6	64 936	1.8
Tangible fixed assets	625 852	17.8	602 132	14.9	619 275	16.8
Buildings and plants	454 380	12.9	210 725	5.2	170 969	4.6
Plant under construction	81 303	2.3	26 985	0.7	22 016	0.6
Houses, land and other real property	4 477	0.1	5 118	0.1	3 962	0.1
Veicles, machinery and equipment etc.	50 571	1.4	331 319	8.2	385 514	10.4
Other fixed assets.	35 121	1.0	27 985	0.7	36 814	1.0
Financial fixed assets	1 660 991	47.3	1 830 193	45.4	1 876 821	50.8
Investments in group companies/subsidiaries	1 338 538	38.1	1 487 448	36.9	1 588 295	43.0
Investments in associated companies	35 782	1.0	31 688	0.8	24 015	0.6
Loans to group companies, associated companies and joint ventures	220 122	6.3	235 997	5.8	198 754	5.4
Loans to group cInvestments in shares and bonds	14 898	0.4	6 988	0.2	7 938	0.2
LoanOther receivables	51 651	1.5	68 072	1.7	57 819	1.6

Current Assets	1 162 132	33.1	1 538 651	38.1	1 135 337	30.7
Inventories	36 545	1.0	31 198	0.8	33 070	0.9
Debtors	743 463	21.2	1 009 383	25.0	652 552	17.7
Account receivable from customers and earned , not invoiced operating income	412 907	11.8	166 748	4.1	122 618	3.3
Account receivable Receivables from group companies	286 039	8.1	595 815	14.8	471 132	12.7
Other receivables	44 517	1.3	246 820	6.1	58 802	1.6
Investments	215 387	6.1	310 736	7.7	308 454	8.3
Cash and bank deposits	166 721	4.7	187 036	4.6	140 060	3.8

Assets	3 511 471	100.0	4 035 599	100.0	3 696 369	100.0

Equity	1 571 678	44.8	1 606 911	39.8	1 649 755	44.6
Invested equity	746 783	21.3	747 594	18.5	864 774	23.4
Share capital	202 792	5.8	204 235	5.1	208 294	5.6
Share premium reserve	402 733	11.5	368 924	9.1	425 956	11.5
Invested other equity	141 258	4.0	174 435	4.3	230 524	6.2
Retained earnings	824 896	23.5	861 411	21.3	786 108	21.3
Reserve for valuation variances	8 979	0.3	39 223	1.0	22 317	0.6
Other equity	856 775	24.4	832 039	20.6	768 679	20.8
Uncovered losses	-40 858	-1.2	-9 851	-0.2	-4 888	-0.1

Long term liabilities	932 474	26.6	896 487	22.2	953 322	25.8
Provisions	352 136	10.0	323 619	8.0	347 273	9.4
Bonds	272 478	7.8	285 837	7.1	317 558	8.6
Financial institutions	39 973	1.1	22 733	0.6	26 629	0.7
Liabilities to group companies	109 347	3.1	113 724	2.8	116 317	3.1
Financial liabilities	116	0.0	2 452	0.1	292	0.0
Other long term liabilities	158 423	4.5	147 723	3.7	123 364	3.3

Current liabilities	1 007 319	28.7	1 532 200	38.0	1 093 292	29.6
Financial institutions	44 896	1.3	63 889	1.6	103 923	2.8
Trade creditors	44 579	1.3	46 589	1.2	60 586	1.6
Public duties and tax payable	138 670	3.9	205 469	5.1	144 139	3.9
Dividends payable	60 859	1.7	120 944	3.0	151 401	4.1
Liabilities to group companies	585 666	16.7	930 610	23.1	455 897	12.3
Other short term liabilities	132 649	3.8	164 699	4.1	177 346	4.8

Equity and liabilities	3 511 471	100.0	4 035 598	100.0	3 696 369	100.0

Explanation of symbols

Source

StatBank source table 07865

Table 7Central government corporations. Selected key figures

Central government corporations. Selected key figures
	2021	2022	2023
Operating profit margin. Per cent¹	29.92	41.72	27.05
Operating margin. Per cent²	38.10	54.64	58.76
Return on total assets. Per cent³	14.03	27.77	27.03
Return on equity. Per cent⁴	12.18	27.80	34.53
Equity ratio. Per cent⁵	44.76	39.82	44.63
Current ratio⁶	1.15	1.00	1.04
Ratio of fixed assets to long term capital⁷	0.94	1.00	0.98
Debt-to-equity ratio⁸	1.23	1.51	1.24
¹Operating profit in per cent of operating income at 31. December.
²Operating result before tax in per cent of operating income at 31. December.
³Operating result before tax + interest expense in per cent of total equity and liabilities at 31 December.
⁴Operating result in per cent of total equity at 31 December.
⁵Equity in per cent of total equity and liabilities at 31 December.
⁶Current assets at 31 December in proportion to current liabilities at 31 Decenber.
⁷Fixed assets in proportion to long- term capital at 31 December.
⁸Total liabilities in proportion to total equity at 31 December.

Explanation of symbols

Source

StatBank source table 07864

StatBank source table 07865

Table 8Central government quasi- corporations. Income statement. Selected accounting figures. NOK million and share.

Central government quasi- corporations. Income statement. Selected accounting figures. NOK million and share.
	NOK million	Share	NOK million	Share	NOK million	Share
	2021		2022		2023
Income Statement
Operating income	297 361	100.0	651 542	100.0	365 316	100.0
Revenue	293 590	98.7	646 045	99.2	361 119	98.9
Special public taxes	0	0.0	0	0.0	-2	0.0
Public subsidies	0	0.0	0	0.0	28	0.0
Income from rent, real property and other income from rent	0	0.0	0	0.0	0	0.0
Profit on disposals (sale etc.) of fixed assets	0	0.0	0	0.0	0	0.0
Other operating income	3 771	1.3	5 497	0.8	4 164	1.1

Operating expenses	73 838	24.8	113 896	17.5	98 785	27.0
Raw materials and consumables used	37 708	12.7	66 213	10.2	45 618	12.5
Payroll expense	1 057	0.4	719	0.1	1 288	0.4
Depreciation and amortisation expense	21 614	7.3	27 505	4.2	33 552	9.2
Other operating expenses	13 459	4.5	19 458	3.0	18 327	5.0

Operating profit	223 523	75.2	537 646	82.5	266 531	73.0
Financial income	3 216	1.1	10 697	1.6	7 517	2.1
Financial expense	6 839	2.3	11 571	1.8	10 388	2.8
Operating result before tax	219 901	74.0	536 772	82.4	263 660	72.2
Tax	5	0.0	5	0.0	1	0.0
Operating result	219 896	73.9	536 768	82.4	-26	0.0
Net extraordinary income	0	0.0	0	0.0	0	0.0
Net profit for the year	219 896	73.9	536 768	82.4	263 645	72.2

Explanation of symbols

Source

StatBank source table 07864

Table 9Central government quasi- corporations. Income statement. Selected accounting figures. NOK million and share.

Central government quasi- corporations. Income statement. Selected accounting figures. NOK million and share.
	NOK million	Share	NOK million	Share	NOK million	Share
	2021		2022		2023
Balance Sheet
Fixed Assets	231 884	75.1	245 853	74.5	238 025	79.9
Intangible fixed assets	1 933	0.6	24 716	7.5	15 163	5.1
Tangible fixed assets	229 566	74.4	220 796	66.9	222 265	74.7
Buildings and plants	229 384	74.3	220 683	66.9	222 041	74.6
Plant under construction	34	0.0	20	0.0	123	0.0
Houses, land and other real property	19	0.0	0	0.0	0	0.0
Veicles, machinery and equipment etc.	108	0.0	48	0.0	97	0.0
Other fixed assets.	21	0.0	45	0.0	4	0.0
Financial fixed assets	385	0.1	341	0.1	598	0.2
Investments in group companies/subsidiaries	1	0.0	0	0.0	0	0.0
Investments in associated companies	3	0.0	0	0.0	0	0.0
Loans to group companies, associated companies and joint ventures	0	0.0	0	0.0	100	0.0
Loans to group cInvestments in shares and bonds	3	0.0	5	0.0	10	0.0
LoanOther receivables	378	0.1	336	0.1	488	0.2

Current Assets	77 212	25.0	84 069	25.5	59 693	20.1
Inventories	2 462	0.8	3 271	1.0	2 461	0.8
Debtors	74 408	24.1	80 503	24.4	57 025	19.2
Account receivable from customers and earned , not invoiced operating income	74 143	24.0	80 089	24.3	55 629	18.7
Account receivable Receivables from group companies	249	0.1	399	0.1	1 384	0.5
Other receivables	16	0.0	15	0.0	12	0.0
Investments	0	0.0	0	0.0	0	0.0
Cash and bank deposits	342	0.1	296	0.1	188	0.1

Assets	308 723	100.0	329 922	100.0	297 718	100.0

Equity	188 228	61.0	198 835	60.3	188 587	63.3
Invested equity	187 280	60.7	198 287	60.1	187 584	63.0
Share capital	187 242	60.7	198 287	60.1	187 546	63.0
Share premium reserve	0	0.0	0	0.0	0	0.0
Invested other equity	38	0.0	0	0.0	38	0.0
Retained earnings	947	0.3	575	0.2	1 002	0.3
Reserve for valuation variances	0	0.0	0	0.0	0	0.0
Other equity	947	0.3	562	0.2	1 002	0.3
Uncovered losses	0	0.0	13	0.0	0	0.0

Long term liabilities	84 528	27.4	91 031	27.6	77 701	26.1
Provisions	78 769	25.5	68 700	20.8	74 836	25.1
Bonds	0	0.0	0	0.0	0	0.0
Financial institutions	0	0.0	0	0.0	0	0.0
Liabilities to group companies	0	0.0	0	0.0	0	0.0
Financial liabilities	0	0.0	0	0.0	0	0.0
Other long term liabilities	5 759	1.9	22 331	6.8	2 865	1.0

Current liabilities	36 341	11.8	40 056	12.1	31 430	10.6
Financial institutions	0	0.0	0	0.0	0	0.0
Trade creditors	3 425	1.1	3 361	1.0	5 256	1.8
Public duties and tax payable	99	0.0	48	0.0	115	0.0
Dividends payable	0	0.0	0	0.0	0	0.0
Liabilities to group companies	11	0.0	0	0.0	24	0.0
Other short term liabilities	32 805	10.6	36 647	11.1	26 035	8.7

Equity and liabilities	308 723	100.0	329 922	100.0	297 718	100.0

Explanation of symbols

Source

StatBank source table 07865

Table 10Local government owned enterprises. Income statement. Selected accounting figures. NOK million and share.

Local government owned enterprises. Income statement. Selected accounting figures. NOK million and share.
	NOK million	Share	NOK million	Share	NOK million	Share
	2021		2022		2023
Income Statement
Operating income	173 050	100.0	248 670	100.0	212 131	100.0
Revenue	151 245	87.4	220 907	88.8	184 777	87.1
Special public taxes	-42	0.0	-60	0.0	-14	0.0
Public subsidies	1 830	1.1	2 392	1.0	2 279	1.1
Income from rent, real property and other income from rent	8 486	4.9	9 158	3.7	9 831	4.6
Profit on disposals (sale etc.) of fixed assets	67	0.0	945	0.4	565	0.3
Other operating income	11 254	6.5	14 688	5.9	14 330	6.8

Operating expenses	134 354	77.6	173 517	69.8	156 002	73.5
Raw materials and consumables used	57 453	33.2	84 486	34.0	64 069	30.2
Payroll expense	23 667	13.7	24 842	10.0	27 535	13.0
Depreciation and amortisation expense	14 280	8.3	16 253	6.5	17 840	8.4
Other operating expenses	38 953	22.5	47 934	19.3	46 484	21.9

Operating profit	38 696	22.4	75 152	30.2	56 129	26.5
Financial income	27 115	15.7	43 521	17.5	41 605	19.6
Financial expense	12 191	7.0	11 546	4.6	22 476	10.6
Operating result before tax	53 620	31.0	107 127	43.1	75 257	35.5
Tax	20 327	11.7	47 274	19.0	27 679	13.0
Operating result	33 293	19.2	59 853	24.1	44 711	21.1
Net extraordinary income	1	0.0	0	0.0	-4	0.0
Net profit for the year	32 108	18.6	58 903	23.7	46 607	22.0

Explanation of symbols

Source

StatBank source table 07864

Table 11Local government owned enterprises. Balance sheet. Selected accounting figures. NOK million and andel.

Local government owned enterprises. Balance sheet. Selected accounting figures. NOK million and andel.
	NOK million	Share	NOK million	Share	NOK million	Share
	2021		2022		2023
Balance Sheet
Fixed Assets	782 146	83.2	885 972	77.9	921 666	82.2
Intangible fixed assets	29 827	3.2	47 243	4.2	44 367	4.0
Tangible fixed assets	311 721	33.2	330 433	29.1	353 135	31.5
Buildings and plants	200 438	21.3	211 850	18.6	216 644	19.3
Plant under construction	19 549	2.1	18 680	1.6	19 168	1.7
Houses, land and other real property	20 487	2.2	21 265	1.9	19 535	1.7
Veicles, machinery and equipment etc.	42 173	4.5	46 364	4.1	74 044	6.6
Other fixed assets.	29 074	3.1	32 274	2.8	23 744	2.1
Financial fixed assets	440 586	46.9	508 283	44.7	524 129	46.7
Investments in group companies/subsidiaries	219 271	23.3	266 858	23.5	278 653	24.8
Investments in associated companies	43 080	4.6	54 276	4.8	58 548	5.2
Loans to group companies, associated companies and joint ventures	109 819	11.7	116 980	10.3	139 981	12.5
Loans to group cInvestments in shares and bonds	44 149	4.7	24 151	2.1	24 420	2.2
LoanOther receivables	24 267	2.6	46 018	4.0	22 527	2.0

Current Assets	157 449	16.8	250 640	22.1	199 703	17.8
Inventories	4 317	0.5	5 685	0.5	6 548	0.6
Debtors	105 565	11.2	167 412	14.7	133 330	11.9
Account receivable from customers and earned , not invoiced operating income	29 476	3.1	35 432	3.1	26 857	2.4
Account receivable Receivables from group companies	59 719	6.4	104 539	9.2	78 856	7.0
Other receivables	16 370	1.7	27 441	2.4	27 617	2.5
Investments	7 569	0.8	8 070	0.7	6 591	0.6
Cash and bank deposits	39 800	4.2	69 302	6.1	52 153	4.7

Assets	939 596	100.0	1 136 612	100.0	1 121 368	100.0

Equity	448 124	47.7	515 641	45.4	550 270	49.1
Invested equity	297 929	31.7	327 598	28.8	375 943	33.5
Share capital	54 200	5.8	57 722	5.1	75 377	6.7
Share premium reserve	226 371	24.1	248 901	21.9	261 959	23.4
Invested other equity	17 358	1.8	20 975	1.8	38 607	3.4
Retained earnings	150 221	16.0	191 769	16.9	195 248	17.4
Reserve for valuation variances	7 289	0.8	5 853	0.5	7 476	0.7
Other equity	148 033	15.8	188 437	16.6	193 563	17.3
Uncovered losses	-5 101	-0.5	-2 521	-0.2	-5 791	-0.5

Long term liabilities	334 323	35.6	355 742	31.3	350 442	31.3
Provisions	29 738	3.2	34 987	3.1	35 691	3.2
Bonds	65 484	7.0	50 121	4.4	55 117	4.9
Financial institutions	66 639	7.1	64 614	5.7	76 971	6.9
Liabilities to group companies	135 721	14.4	140 816	12.4	135 893	12.1
Financial liabilities	9 303	1.0	5 150	0.5	3 485	0.3
Other long term liabilities	27 400	2.9	59 856	5.3	42 669	3.8

Current liabilities	157 103	16.7	265 229	23.3	220 655	19.7
Financial institutions	19 575	2.1	23 487	2.1	28 707	2.6
Trade creditors	19 446	2.1	24 885	2.2	20 735	1.8
Public duties and tax payable	26 054	2.8	53 975	4.7	31 654	2.8
Dividends payable	14 572	1.6	20 784	1.8	17 071	1.5
Liabilities to group companies	47 274	5.0	89 854	7.9	87 570	7.8
Other short term liabilities	30 181	3.2	52 244	4.6	34 919	3.1

Equity and liabilities	939 550	100.0	1 136 611	100.0	1 121 367	100.0

Explanation of symbols

Source

StatBank source table 07865

Table 12Local government owned enterprises. Selected key figures.

Local government owned enterprises. Selected key figures.
	2021	2022	2023
Operating profit margin. Per cent¹	22.36	30.22	26.46
Operating margin. Per cent²	30.99	43.08	35.48
Return on total assets. Per cent³	7.00	10.44	8.72
Return on equity. Per cent⁴	7.43	11.61	8.13
Equity ratio. Per cent⁵	47.70	45.37	49.07
Current ratio⁶	1.00	0.94	0.91
Ratio of fixed assets to long term capital⁷	1.00	1.02	1.02
Debt-to-equity ratio⁸	1.10	1.20	1.04
¹Operating profit in per cent of operating income at 31. December.
²Operating result before tax in per cent of operating income at 31. December.
³Operating result before tax + interest expense in per cent of total equity and liabilities at 31 December.
⁴Operating result in per cent of total equity at 31 December.
⁵Equity in per cent of total equity and liabilities at 31 December.
⁶Current assets at 31 December in proportion to current liabilities at 31 Decenber.
⁷Fixed assets in proportion to long- term capital at 31 December.
⁸Total liabilities in proportion to total equity at 31 December.

Explanation of symbols

Source

StatBank source table 07864

StatBank source table 07865

More figures from this statistics

See complete overview in Statbank (2)

About the statistics

The statistics include all market non-financial corporations in which either the central government or municipalities/county municipalities directly or indirectly own more than 50 per cent of the shares. These include all companies incorporated by special legislation as well as central government market entities.

The information under «About the statistics» was last updated 13 October 2023.

Definitions

Definitions of the main concepts and variables

Public corporations

The statistics comprise of all Norwegian companies defined as publicly owned, non-financial corporations.

Public is here central government, municipality and county municipality authorities.

Non-financial corporations are companies producing goods or services except financial services such as banking services, fund management etc.

The statistics include only companies operating in market-oriented business. That is business mainly financed by sales revenue and business operating with profit.

Public companies operating in non-market-oriented business, which is business mainly financed by taxes and fees, are excluded.

Publicly owned means that 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.

Accounts

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

The income statement and balance sheet are based on The Accounting Act of 17th June 1998 (only in Norwegian) and the Norwegian Accounting Standard, NS 4102 (only in norwegian).

The income statement shows operating income and operating expenses, financial income and financial expenses etc.

The balance sheet consists of assets (fixed assets and current assets), equity and liabilities.

The statistics only include accounts for individual company and do not include company consolidated accounts.

Sector and industrial classification

The corporations are classified in accordance with the Classification of Institutional sector and Classification of Standard Industrial Classification (NACE). The balance sheet is classified in accordance with the national accountings financial object grouping and with the grouping of debtors and creditors.

The following sectors are included in the statistics:

1110 Public quasi-corporations
1120 Public limited companies owned by the state etc.
1510 Municipal quasi-corporations
1520 Public limited companies owned by the municipalities etc.

The industrial classification is from 2007and is in line with the Norwegian Standard for Industrial Classification (SN2007) which is in conformity with the EC industrial classification NACE Rev. 2.

Standard classifications

Classification of Institutional sector

Classification of Standard Industrial Classification

the Norwegian Accounting Standard, NS 4102 (only in norwegian)

Administrative information

Name and topic

Name: Public corporations, accounts
Topic: Public sector

Next update

Not yet determined

Responsible division

Division for Public Finance

Regional level

National level.

Frequency and timeliness

Annually.

International reporting

Accounting figures are included in the national accounts reported to Eurostat, IMF and OECD.

Microdata

Collected and revised data are stored securely by Statistics Norway in compliance with applicable legislation on data processing.

Statistics Norway can grant access to the source data (de-identified or anonymised microdata) on which the statistics are based, for researchers and public authorities for the purposes of preparing statistical results and analyses. Access can be granted upon application and subject to conditions. Refer to the details about this at Access to data from Statistics Norway.

Background

Background and purpose

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).

Users and applications

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

Equal treatment of users

No external users have access to statistics before they are released at 8 a.m. on ssb.no after at least three months’ advance notice in the release calendar. This is one of the most important principles in Statistics Norway for ensuring the equal treatment of users.

Coherence with other statistics

The figures are included in the national accounts and in the financial sector balance sheet.

Legal authority

The statistics are developed, produced and disseminated pursuant to Act no. 32 of 21 June 2019 relating to official statistics and Statistics Norway (the Statistics Act).

EEA reference

No.

Production

Population

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 comprise of income statement, balance sheet and selected accounting key figures.

The accounting figures for State´s Direct Financial Interest (SDFI) are collected from Petoro AS Annual Accounting Report.

Data sources and sampling

The basis of the statistics is by the accounting reports obtained by the Tax questionnaire that were reported to the Directorate of Taxes. The statistics do not include consolidated financial accounts.

With the effect from 2005, the statistics Norway has 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 Altinn.

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.

Collection of data, editing and estimations

The Tax questionnaires are sent out and are sent back when completed by the companies. This must be return within a stipulated deadline to 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.

Editing is defined here as checking, examining and amending data. Control and editing 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.

Seasonal adjustment

Not relevant

Confidentiality

Employees of Statistics Norway have a duty of confidentiality.

Statistics Norway does not publish figures if there is a risk of the respondent’s contribution being identified. This means that, as a general rule, figures are not published if fewer than three units form the basis of a cell in a table or if the contribution of one or two respondents constitutes a very large part of the cell total.

Statistics Norway can make exceptions to the general rule if deemed necessary to meet the requirements of the EEA agreement, if the respondent is a public authority, if the respondent has consented to this, or when the information disclosed is openly accessible to the public.

More information can be found on Statistics Norway’s website under Methods in official statistics, in the ‘Confidentiality’ section.

Comparability over time and space

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.

Accuracy and reliability

Sources of error and uncertainty

The major sources of error have usually been the inability of tracking the ongoing changes in the population. The population is established by an inspection of the share of public ownership in the various corporations as it is registered in the Central Register of Establishments and Enterprises. This register is updated continuously on the basis of newly established corporations or annual company accounts.

The degree of information provided in the annual accounts by various corporations differs. In addition, the companies practice different accounting principles in the same questionnaires, and this inconsistency of practice generates problems for the statistics.

Changes in Statistics Norway's information about the ownership structure in the corporations have significantly affected the changes in the total number of public corporations.

In some cases, whereby no accounting data are available, Tax questionnaires are re-constructed based upon data available from the previous years.

Variance: Not applicable
Bias: Not applicable
Non-response: The accounting statistics only include data for the enterprises that Statistics Norway could obtain data on. Non-response is not very high.

The population requires updating continuously. This is as the result of incorrect classification of sector or industrial classification which can affect the result statistics.

Revision

A revision is a planned change to figures that have already been published, for example when releasing final figures as a follow-up to published preliminary figures. See also Statistics Norway’s principles for revisions.

Find more figures in Statbank

Analyses, articles and publications

Article / 20 January 2021
Lower operating profit in 2019 due to declining oil and gas extraction
Public non-financial corporations achieved reduced operating profit in 2019 compared to the previous year. This is mainly due to the drop of the operating income for businesses in the mining and quarry industries as well as manufacturing industries.

Statistics

General government revenue and expenditure

Provides information on revenue and expenditure in central and local government sectors

Contact

Francis Kwamena Acquah

francis.kwamena.acquah@ssb.no

(+47) 40 90 26 62