Norwegian subsidiaries abroad

Norwegian subsidiaries abroad

A Norwegian subsidiary abroad is defined as an enterprise that is controlled, directly or indirectly, by an enterprise or other economic unit in Norway through an ownership share of more than 50 per cent.

Enterprise

According to Standard Industrial Classification (SIC2007), an enterprise is defined as the smallest combination of legal entity that produces goods or services. In this statistic, a legal entity is an enterprise. Legal entities are limited liability companies, partnerships and sole enterprises. Only economically active enterprises, with turnover and/or employment and/or employment, employee benefits expense and/or gross investments, are included in the population.

Employment

Employment is defined as the sum of wage-earners working in the enterprise. This includes also working proprietors and partners working regularly in the unit. Persons with more than one job, may be counted as employed in several industries. Employment numbers show the average number employed during the year.

Turnover

Turnover is defined as the enterprise's operating revenues minus public subsidies and profit from the sale of fixed assets. Taxes and duties are included, but VAT is not.

Employee benefits expense

Salary costs include wages, holiday pay, fees etc., employer's National Insurance contributions, reportable pension costs and other personnel costs. Salary costs do not include remuneration to owners of sole proprietorships or general partnerships, or to family members with no fixed salary.

Gross investments

Gross investments include additions of fixed capital, such as plots of land, buildings and facilities (excluding housing), machines, tools, instruments, fixtures and fittings and transport (excluding private use), both new and used. Sums spent on improvements/extensions to these are also included in gross investments.

Ultimate investor country

The ultimate investor country is the country where the “last” enterprise or person in the ownership chain is registered or has registered address. That is, the enterprise that is not controlled by another enterprise or the last person in the ownership chain.

Outward FATS

The statistic is international known as Outward Foreign Affiliates Statistics (OFATS). It is thereby commonly referred to as OFATS.

The industrial classification is in accordance with the Norwegian Standard Industrial Classification (SIC 2007) which is based on the industry standard of EU (NACE Rev. 2) and the United Nations (UN) (ISIC Rev. 3).