Public corporations, accounts

Updated: 14 December 2023

Next update: 12 December 2024

Endring i driftsresultat fra året før

2022

129.1

%

Public corporations, accounts
	2022	2021 - 2022
Operating income
Operating income	2 706 795	70.5
Operating expenses	1 340 357	35.3
Operating profit	1 366 437	129.1
Net profit for the year	1 043 572	135.8
Balance
Fixed Assets	3 628 773	7.9
Current Assets	1 873 360	34.1
Assets	5 502 133	15.6
Equity and liabilities	5 502 131	15.6

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
	2020		2021		2022
Income Statement
Operating income	980 008	100.0	1 587 512	100.0	2 706 795	100.0
Revenue	892 687	91.1	1 490 325	93.9	2 587 596	95.6
Special public taxes	-91	0.0	-62	0.0	-78	0.0
Public subsidies	11 403	1.2	11 716	0.7	8 823	0.3
Income from rent, real property and other income from rent	13 903	1.4	15 980	1.0	21 690	0.8
Profit on disposals (sale etc.) of fixed assets	1 546	0.2	294	0.0	1 357	0.1
Other operating income	59 832	6.1	68 766	4.3	86 730	3.2

Operating expenses	852 789	87.0	991 010	62.4	1 340 357	49.5
Raw materials and consumables used	426 086	43.5	579 707	36.5	873 170	32.3
Payroll expense	91 876	9.4	98 096	6.2	105 955	3.9
Depreciation and amortisation expense	141 659	14.5	114 005	7.2	109 334	4.0
Other operating expenses	193 134	19.7	199 201	12.5	251 894	9.3

Operating profit	127 220	13.0	596 502	37.6	1 366 437	50.5
Financial income	99 752	10.2	188 603	11.9	421 065	15.6
Financial expense	93 984	9.6	86 012	5.4	156 470	5.8
Operating result before tax	132 698	13.5	699 094	44.0	1 631 031	60.3
Tax	36 318	3.7	254 443	16.0	587 765	21.7
Operating result	96 345	9.8	444 651	28.0	1 043 265	38.5
Net extraordinary income	3	0.0	1	0.0	34	0.0
Net profit for the year	94 044	9.6	442 550	27.9	1 043 572	38.6

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
	2020		2021		2022
Balance Sheet
Fixed Assets	3 149 055	82.6	3 363 370	70.7	3 628 773	66.0
Intangible fixed assets	84 032	2.2	94 258	2.0	136 581	2.5
Tangible fixed assets	1 137 354	29.8	1 167 139	24.5	1 153 361	21.0
Building and plants	613 711	16.1	884 202	18.6	643 258	11.7
Plant under construction	47 411	1.2	100 886	2.1	45 685	0.8
Houses, land and other real property	24 031	0.6	24 983	0.5	26 383	0.5
Veicles, machinery and equipment etc	394 874	10.4	92 852	2.0	377 731	6.9
Other fixed assets	57 327	1.5	64 216	1.3	60 304	1.1
Financial fixed assets	1 927 662	50.6	2 101 962	44.2	2 338 817	42.5
Investments in group companies/subsidiaries	1 316 281	34.5	1 557 810	32.7	1 754 306	31.9
Investments in associated companies	79 243	2.1	78 865	1.7	85 964	1.6
Loans to group companies, associated companies and joint ventures	379 787	10.0	329 941	6.9	352 977	6.4
Investments in shares and bonds	76 863	2.0	59 050	1.2	31 144	0.6
Other receivables	75 488	2.0	76 296	1.6	114 426	2.1

Current Assets	662 361	17.4	1 396 793	29.3	1 873 360	34.0
Inventories	33 796	0.9	43 324	0.9	40 154	0.7
Debtors	380 910	10.0	923 436	19.4	1 257 298	22.9
Account receivable from customers and earned , not invoiced operating income	95 984	2.5	516 526	10.9	282 269	5.1
Receivables from group companies	239 309	6.3	346 007	7.3	700 753	12.7
Other receivables	45 617	1.2	60 903	1.3	274 276	5.0
Investments	115 597	3.0	222 956	4.7	318 806	5.8
Cash and bank deposits	131 792	3.5	206 863	4.3	256 634	4.7

Assets	3 811 415	100.0	4 759 790	100.0	5 502 133	100.0

Equity	1 780 710	46.7	2 208 030	46.4	2 321 387	42.2
Invested equity	1 144 733	30.0	1 231 992	25.9	1 273 479	23.1
Share capital	399 903	10.5	444 234	9.3	460 244	8.4
Share premium reserve	527 370	13.8	629 104	13.2	617 825	11.2
Invested other equity	217 460	5.7	158 654	3.3	195 410	3.6
Retained earnings	636 092	16.7	976 064	20.5	1 053 755	19.2
Reserve for valuation variances	-452	0.0	16 268	0.3	45 076	0.8
Other equity	676 898	17.8	1 005 755	21.1	1 021 038	18.6
Uncovered losses	-40 354	-1.1	-45 959	-1.0	-12 359	-0.2

Long term liabilities	1 374 809	36.1	1 351 325	28.4	1 343 260	24.4
Provisions	309 991	8.1	460 643	9.7	427 306	7.8
Bonds	359 826	9.4	337 962	7.1	335 958	6.1
Financial institutions	106 006	2.8	106 612	2.2	87 347	1.6
Liabilities to group companies	299 762	7.9	245 068	5.1	254 540	4.6
Financial liabilities	7 544	0.2	9 419	0.2	7 602	0.1
Other long term liabilities	291 674	7.7	191 582	4.0	229 910	4.2

Current liabilities	654 907	17.2	1 200 763	25.2	1 837 485	33.4
Financial institutions	53 125	1.4	64 471	1.4	87 376	1.6
Trade creditors	41 970	1.1	67 450	1.4	74 835	1.4
Public duties and tax payable	27 460	0.7	164 823	3.5	259 492	4.7
Dividends payable	49 201	1.3	75 431	1.6	141 728	2.6
Liabilities to group companies	321 868	8.4	632 951	13.3	1 020 464	18.5
Other short term liabilities	161 283	4.2	195 635	4.1	253 590	4.6

Equity and liabilities	3 810 426	100.0	4 759 744	100.0	5 502 131	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.
2022	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
Income Statement
Operating income	608	2 143 996	37 362	275 756	9 928	17 418	26 762	61 278	650	56 675	8 820	6 912	4 913	112	427	7 120	47 607	451.0	2 706 795
Revenue	390	2 083 876	36 159	260 649	9 310	15 247	26 469	48 263	524	48 252	1 299	4 035	1 279	112	314	3 950	47 150	315.0	2 587 593
Other operating income	184	59 469	903	12 721	362	579	286	2 234	33	4 883	710	1 162	621	0	49	2 208	270	54.0	86 728

Operating expenses	500	934 681	21 011	157 811	9 300	16 983	26 351	60 206	728	45 138	5 647	8 005	5 043	78	432	6 953	41 055	434.0	1 340 356
Raw materials and consumables used	8	709 481	11 338	95 603	2 864	3 658	22 319	7 885	102	16 331	463	1 218	471	30	40	1 014	144	201	873 170
Payroll expense	157	33 886	8 547	14 163	2 117	5 315	2 583	21 191	284	8 603	549	2 919	612	29	242	3 913	807	41	105 958
Depreciation and amortisation expense	12	80 999	-10 207	13 190	839	925	201	6 687	32	12 329	2 349	234	1 217	0	8	272	185	59	109 331
Other operating expenses	323	110 314	11 334	34 853	3 482	7 084	1 248	24 441	310	7 874	2 285	3 635	2 744	19	143	1 754	39 919	132	251 894

Operating profit	108	1 209 315	16 350	117 945	628	435	410	1 072	-78	11 539	3 173	-1 093	-130	34	-5	166	6 552	17	1 366 438

Operating result before tax	228	1 401 437	17 582	179 591	661	838	434	1 590	-90	16 568	6 430	-4 821	-405	34	-6	145	6 571	4 243	1 631 030

Net profit for the year	201	890 364	13 906	103 166	579	677	354	1 864	-72	21 380	4 891	-4 436	-258	26	-4	139	6 570	4 226	1 043 573

Balance Sheet
Assets	5 653	2 980 681	114 441	1 401 873	16 471	47 233	8 645	146 820	1 636	469 176	184 729	44 006	35 445	963	240	9 123	9 512	25 489	5 502 136
Fixed Assets	5 128	1 662 379	81 594	1 036 631	12 565	31 674	2 343	112 479	1 372	417 886	171 286	30 565	31 699	13	79	5 414	2 390	23 277	3 628 774
Current Assets	525	1 318 302	32 847	365 242	3 906	15 559	6 301	34 341	265	51 290	13 442	13 441	3 747	950	160	3 709	7 122	2 212	1 873 361

Equity and liabilities	5 652	2 980 681	114 441	1 401 873	16 470	47 232	8 645	146 820	1 636	469 176	184 729	44 006	35 445	963	240	9 123	9 512	25 489	5 502 133
Equity	4 982	1 073 491	70 514	638 864	4 047	19 087	2 134	52 302	822	268 000	111 405	34 273	15 260	46	110	5 686	1 000	19 362	2 321 385
Long term liabilities	404	688 651	9 311	353 290	9 512	17 569	1 935	61 487	623	122 939	51 499	1 725	15 744	0	35	1 873	1 883	4 781	1 343 261
Current liabilities	267	1 218 538	34 616	409 718	2 912	10 576	4 576	33 031	191	78 237	21 824	8 009	4 441	917	94	1 564	6 630	1 344	1 837 485

Explanation of symbols

Source

StatBank source table 07864

StatBank source table 07865

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.
	2020	2021	2022
Key figures
Operating profit margin. Per cent¹	9.10	28.91	40.33
Operating margin. Per cent²	10.16	37.14	53.24
Return on total assets. Per cent³	4.92	12.54	23.96
Return on equity. Per cent⁴	3.13	11.13	23.86
Equity ratio. Per cent⁵	45.85	45.38	41.04
Current ratio⁶	1.00	1.13	1.00
Ratio of fixed assets to long term capital⁷	1.00	0.95	1.00
Debt-to-equity ratio⁸	1.18	1.20	1.44
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
	2020		2021		2022
Income Statement
Operating income	748 327	100.0	1 117 101	100.0	1 806 583	100.0
Revenue	684 184	91.4	1 045 490	93.6	1 720 644	95.2
Special public taxes	-26	0.0	-20	0.0	-18	0.0
Public subsidies	9 631	1.3	9 886	0.9	6 431	0.4
Income from rent, real property and other income from rent	7 406	1.0	7 494	0.7	12 532	0.7
Profit on disposals (sale etc.) of fixed assets	1 149	0.2	227	0.0	412	0.0
Other operating income	45 607	6.1	53 741	4.8	66 545	3.7

Operating expenses	683 467	91.3	782 818	70.1	1 052 944	58.3
Raw materials and consumables used	367 055	49.1	484 546	43.4	722 471	40.0
Payroll expense	69 390	9.3	73 372	6.6	80 394	4.5
Depreciation and amortisation expense	97 771	13.1	78 111	7.0	65 576	3.6
Other operating expenses	149 251	19.9	146 789	13.1	184 502	10.2

Operating profit	64 860	8.7	334 283	29.9	753 639	41.7
Financial income	70 991	9.5	158 272	14.2	366 847	20.3
Financial expense	75 577	10.1	66 982	6.0	133 353	7.4
Operating result before tax	60 275	8.1	425 573	38.1	987 132	54.6
Tax	32 628	4.4	234 111	21.0	540 486	29.9
Operating result	27 647	3.7	191 462	17.1	446 644	24.7
Net extraordinary income	2	0.0	0	0.0	34	0.0
Net profit for the year	25 771	3.4	190 546	17.1	447 901	24.8

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
	2020		2021		2022
Balance Sheet
Fixed Assets	2 159 213	80.2	2 349 340	66.9	2 496 948	61.9
Intangible fixed assets	62 035	2.3	62 498	1.8	64 622	1.6
Tangible fixed assets	606 007	22.5	625 852	17.8	602 132	14.9
Buildings and plants	184 586	6.9	454 380	12.9	210 725	5.2
Plant under construction	26 952	1.0	81 303	2.3	26 985	0.7
Houses, land and other real property	5 187	0.2	4 477	0.1	5 118	0.1
Veicles, machinery and equipment etc.	357 918	13.3	50 571	1.4	331 319	8.2
Other fixed assets.	31 364	1.2	35 121	1.0	27 985	0.7
Financial fixed assets	1 491 172	55.4	1 660 991	47.3	1 830 193	45.4
Investments in group companies/subsidiaries	1 099 795	40.8	1 338 538	38.1	1 487 448	36.9
Investments in associated companies	35 654	1.3	35 782	1.0	31 688	0.8
Loans to group companies, associated companies and joint ventures	271 824	10.1	220 122	6.3	235 997	5.8
Loans to group cInvestments in shares and bonds	28 013	1.0	14 898	0.4	6 988	0.2
LoanOther receivables	55 886	2.1	51 651	1.5	68 072	1.7

Current Assets	533 488	19.8	1 162 132	33.1	1 538 651	38.1
Inventories	27 331	1.0	36 545	1.0	31 198	0.8
Debtors	298 764	11.1	743 463	21.2	1 009 383	25.0
Account receivable from customers and earned , not invoiced operating income	58 307	2.2	412 907	11.8	166 748	4.1
Account receivable Receivables from group companies	203 812	7.6	286 039	8.1	595 815	14.8
Other receivables	36 645	1.4	44 517	1.3	246 820	6.1
Investments	112 355	4.2	215 387	6.1	310 736	7.7
Cash and bank deposits	94 969	3.5	166 721	4.7	187 036	4.6

Assets	2 692 701	100.0	3 511 471	100.0	4 035 599	100.0

Equity	1 187 414	44.1	1 571 678	44.8	1 606 911	39.8
Invested equity	703 089	26.1	746 783	21.3	747 594	18.5
Share capital	194 113	7.2	202 792	5.8	204 235	5.1
Share premium reserve	306 946	11.4	402 733	11.5	368 924	9.1
Invested other equity	202 030	7.5	141 258	4.0	174 435	4.3
Retained earnings	484 327	18.0	824 896	23.5	861 411	21.3
Reserve for valuation variances	-9 009	-0.3	8 979	0.3	39 223	1.0
Other equity	528 663	19.6	856 775	24.4	832 039	20.6
Uncovered losses	-35 327	-1.3	-40 858	-1.2	-9 851	-0.2

Long term liabilities	967 363	35.9	932 474	26.6	896 487	22.2
Provisions	199 811	7.4	352 136	10.0	323 619	8.0
Bonds	294 276	10.9	272 478	7.8	285 837	7.1
Financial institutions	41 264	1.5	39 973	1.1	22 733	0.6
Liabilities to group companies	170 013	6.3	109 347	3.1	113 724	2.8
Financial liabilities	29	0.0	116	0.0	2 452	0.1
Other long term liabilities	261 970	9.7	158 423	4.5	147 723	3.7

Current liabilities	537 924	20.0	1 007 319	28.7	1 532 200	38.0
Financial institutions	40 744	1.5	44 896	1.3	63 889	1.6
Trade creditors	28 455	1.1	44 579	1.3	46 589	1.2
Public duties and tax payable	19 249	0.7	138 670	3.9	205 469	5.1
Dividends payable	40 623	1.5	60 859	1.7	120 944	3.0
Liabilities to group companies	285 100	10.6	585 666	16.7	930 610	23.1
Other short term liabilities	123 752	4.6	132 649	3.8	164 699	4.1

Equity and liabilities	2 692 701	100.0	3 511 471	100.0	4 035 598	100.0

Explanation of symbols

Source

StatBank source table 07865

Table 7Central government corporations. Selected key figures

Central government corporations. Selected key figures
	2020	2021	2022
Operating profit margin. Per cent¹	8.67	29.92	41.72
Operating margin. Per cent²	8.05	38.10	54.64
Return on total assets. Per cent³	5.05	14.03	27.77
Return on equity. Per cent⁴	2.33	12.18	27.80
Equity ratio. Per cent⁵	44.10	44.76	39.82
Current ratio⁶	0.99	1.15	1.00
Ratio of fixed assets to long term capital⁷	1.00	0.94	1.00
Debt-to-equity ratio⁸	1.27	1.23	1.51
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 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
	2020		2021		2022
Income Statement
Operating income	120 172	100.0	297 361	100.0	651 542	100.0
Revenue	115 839	96.4	293 590	98.7	646 045	99.2
Special public taxes	0	0.0	0	0.0	0	0.0
Public subsidies	0	0.0	0	0.0	0	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	4 333	3.6	3 771	1.3	5 497	0.8

Operating expenses	71 234	59.3	73 838	24.8	113 896	17.5
Raw materials and consumables used	26 388	22.0	37 708	12.7	66 213	10.2
Payroll expense	970	0.8	1 057	0.4	719	0.1
Depreciation and amortisation expense	30 413	25.3	21 614	7.3	27 505	4.2
Other operating expenses	13 463	11.2	13 459	4.5	19 458	3.0

Operating profit	48 939	40.7	223 523	75.2	537 646	82.5
Financial income	2 945	2.5	3 216	1.1	10 697	1.6
Financial expense	6 566	5.5	6 839	2.3	11 571	1.8
Operating result before tax	45 317	37.7	219 901	74.0	536 772	82.4
Tax	8	0.0	5	0.0	5	0.0
Operating result	45 309	37.7	219 896	73.9	536 768	82.4
Net extraordinary income	0	0.0	0	0.0	0	0.0
Net profit for the year	45 311	37.7	219 896	73.9	536 768	82.4

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
	2020		2021		2022
Balance Sheet
Fixed Assets	233 244	90.4	231 884	75.1	245 853	74.5
Intangible fixed assets	1 364	0.5	1 933	0.6	24 716	7.5
Tangible fixed assets	231 561	89.7	229 566	74.4	220 796	66.9
Buildings and plants	231 445	89.7	229 384	74.3	220 683	66.9
Plant under construction	41	0.0	34	0.0	20	0.0
Houses, land and other real property	1	0.0	19	0.0	0	0.0
Veicles, machinery and equipment etc.	54	0.0	108	0.0	48	0.0
Other fixed assets.	20	0.0	21	0.0	45	0.0
Financial fixed assets	319	0.1	385	0.1	341	0.1
Investments in group companies/subsidiaries	0	0.0	1	0.0	0	0.0
Investments in associated companies	3	0.0	3	0.0	0	0.0
Loans to group companies, associated companies and joint ventures	0	0.0	0	0.0	0	0.0
Loans to group cInvestments in shares and bonds	0	0.0	3	0.0	5	0.0
LoanOther receivables	316	0.1	378	0.1	336	0.1

Current Assets	24 769	9.6	77 212	25.0	84 069	25.5
Inventories	2 646	1.0	2 462	0.8	3 271	1.0
Debtors	21 831	8.5	74 408	24.1	80 503	24.4
Account receivable from customers and earned , not invoiced operating income	21 555	8.4	74 143	24.0	80 089	24.3
Account receivable Receivables from group companies	265	0.1	249	0.1	399	0.1
Other receivables	11	0.0	16	0.0	15	0.0
Investments	0	0.0	0	0.0	0	0.0
Cash and bank deposits	292	0.1	342	0.1	296	0.1

Assets	258 012	100.0	308 723	100.0	329 922	100.0

Equity	151 861	58.9	188 228	61.0	198 835	60.3
Invested equity	151 184	58.6	187 280	60.7	198 287	60.1
Share capital	151 173	58.6	187 242	60.7	198 287	60.1
Share premium reserve	0	0.0	0	0.0	0	0.0
Invested other equity	11	0.0	38	0.0	0	0.0
Retained earnings	678	0.3	947	0.3	575	0.2
Reserve for valuation variances	0	0.0	0	0.0	0	0.0
Other equity	678	0.3	947	0.3	562	0.2
Uncovered losses	0	0.0	0	0.0	13	0.0

Long term liabilities	88 443	34.3	84 528	27.4	91 031	27.6
Provisions	84 049	32.6	78 769	25.5	68 700	20.8
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	4 394	1.7	5 759	1.9	22 331	6.8

Current liabilities	17 708	6.9	36 341	11.8	40 056	12.1
Financial institutions	0	0.0	0	0.0	0	0.0
Trade creditors	2 416	0.9	3 425	1.1	3 361	1.0
Public duties and tax payable	74	0.0	99	0.0	48	0.0
Dividends payable	0	0.0	0	0.0	0	0.0
Liabilities to group companies	4	0.0	11	0.0	0	0.0
Other short term liabilities	15 215	5.9	32 805	10.6	36 647	11.1

Equity and liabilities	258 012	100.0	308 723	100.0	329 922	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
	2020		2021		2022
Income Statement
Operating income	111 509	100.0	173 050	100.0	248 670	100.0
Revenue	92 664	83.1	151 245	87.4	220 907	88.8
Special public taxes	-65	-0.1	-42	0.0	-60	0.0
Public subsidies	1 772	1.6	1 830	1.1	2 392	1.0
Income from rent, real property and other income from rent	6 497	5.8	8 486	4.9	9 158	3.7
Profit on disposals (sale etc.) of fixed assets	397	0.4	67	0.0	945	0.4
Other operating income	9 892	8.9	11 254	6.5	14 688	5.9

Operating expenses	98 088	88.0	134 354	77.6	173 517	69.8
Raw materials and consumables used	32 643	29.3	57 453	33.2	84 486	34.0
Payroll expense	21 516	19.3	23 667	13.7	24 842	10.0
Depreciation and amortisation expense	13 475	12.1	14 280	8.3	16 253	6.5
Other operating expenses	30 420	27.3	38 953	22.5	47 934	19.3

Operating profit	13 421	12.0	38 696	22.4	75 152	30.2
Financial income	25 816	23.2	27 115	15.7	43 521	17.5
Financial expense	11 841	10.6	12 191	7.0	11 546	4.6
Operating result before tax	27 106	24.3	53 620	31.0	107 127	43.1
Tax	3 682	3.3	20 327	11.7	47 274	19.0
Operating result	23 389	21.0	33 293	19.2	59 853	24.1
Net extraordinary income	1	0.0	1	0.0	0	0.0
Net profit for the year	22 962	20.6	32 108	18.6	58 903	23.7

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
	2020		2021		2022
Balance Sheet
Fixed Assets	756 598	87.9	782 146	83.2	885 972	77.9
Intangible fixed assets	20 633	2.4	29 827	3.2	47 243	4.2
Tangible fixed assets	299 786	34.8	311 721	33.2	330 433	29.1
Buildings and plants	197 680	23.0	200 438	21.3	211 850	18.6
Plant under construction	20 418	2.4	19 549	2.1	18 680	1.6
Houses, land and other real property	18 843	2.2	20 487	2.2	21 265	1.9
Veicles, machinery and equipment etc.	36 902	4.3	42 173	4.5	46 364	4.1
Other fixed assets.	25 943	3.0	29 074	3.1	32 274	2.8
Financial fixed assets	436 171	50.7	440 586	46.9	508 283	44.7
Investments in group companies/subsidiaries	216 486	25.2	219 271	23.3	266 858	23.5
Investments in associated companies	43 586	5.1	43 080	4.6	54 276	4.8
Loans to group companies, associated companies and joint ventures	107 963	12.5	109 819	11.7	116 980	10.3
Loans to group cInvestments in shares and bonds	48 850	5.7	44 149	4.7	24 151	2.1
LoanOther receivables	19 286	2.2	24 267	2.6	46 018	4.0

Current Assets	104 104	12.1	157 449	16.8	250 640	22.1
Inventories	3 819	0.4	4 317	0.5	5 685	0.5
Debtors	60 315	7.0	105 565	11.2	167 412	14.7
Account receivable from customers and earned , not invoiced operating income	16 122	1.9	29 476	3.1	35 432	3.1
Account receivable Receivables from group companies	35 232	4.1	59 719	6.4	104 539	9.2
Other receivables	8 961	1.0	16 370	1.7	27 441	2.4
Investments	3 242	0.4	7 569	0.8	8 070	0.7
Cash and bank deposits	36 531	4.2	39 800	4.2	69 302	6.1

Assets	860 702	100.0	939 596	100.0	1 136 612	100.0

Equity	441 435	51.3	448 124	47.7	515 641	45.4
Invested equity	290 460	33.8	297 929	31.7	327 598	28.8
Share capital	54 617	6.4	54 200	5.8	57 722	5.1
Share premium reserve	220 424	25.6	226 371	24.1	248 901	21.9
Invested other equity	15 419	1.8	17 358	1.8	20 975	1.8
Retained earnings	151 087	17.6	150 221	16.0	191 769	16.9
Reserve for valuation variances	8 557	1.0	7 289	0.8	5 853	0.5
Other equity	147 557	17.2	148 033	15.8	188 437	16.6
Uncovered losses	-5 027	-0.6	-5 101	-0.5	-2 521	-0.2

Long term liabilities	319 003	37.1	334 323	35.6	355 742	31.3
Provisions	26 131	3.0	29 738	3.2	34 987	3.1
Bonds	65 550	7.6	65 484	7.0	50 121	4.4
Financial institutions	64 742	7.5	66 639	7.1	64 614	5.7
Liabilities to group companies	129 749	15.1	135 721	14.4	140 816	12.4
Financial liabilities	7 515	0.9	9 303	1.0	5 150	0.5
Other long term liabilities	25 310	2.9	27 400	2.9	59 856	5.3

Current liabilities	99 275	11.5	157 103	16.7	265 229	23.3
Financial institutions	12 381	1.4	19 575	2.1	23 487	2.1
Trade creditors	11 099	1.3	19 446	2.1	24 885	2.2
Public duties and tax payable	8 137	0.9	26 054	2.8	53 975	4.7
Dividends payable	8 578	1.0	14 572	1.6	20 784	1.8
Liabilities to group companies	36 764	4.3	47 274	5.0	89 854	7.9
Other short term liabilities	22 316	2.6	30 181	3.2	52 244	4.6

Equity and liabilities	859 713	100.0	939 550	100.0	1 136 611	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.
	2020	2021	2022
Operating profit margin. Per cent¹	12.04	22.36	30.22
Operating margin. Per cent²	24.31	30.99	43.08
Return on total assets. Per cent³	4.53	7.00	10.44
Return on equity. Per cent⁴	5.30	7.43	11.61
Equity ratio. Per cent⁵	51.35	47.70	45.37
Current ratio⁶	1.05	1.00	0.94
Ratio of fixed assets to long term capital⁷	0.99	1.00	1.02
Debt-to-equity ratio⁸	0.95	1.10	1.20
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

12 December 2024

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