Shares and dividend payments, 1999, preliminary figures

Allocated dividends for non-listed companies amounted to NOK 55 billion in 1999, an increase of NOK 9.1 billion or 20 per cent. Listed companies allocated NOK 13.6 billion, an increase of NOK 4.4 billion or 48 per cent from the previous year.

Non-listed companies: Strong increases in domestic trade, hotels and restaurants

Allocated dividends for non-listed companies in oil and gas extraction amounted to NOK 7.4 billion, an increase of NOK 2.3 billion from the previous year. Allocated dividends rose NOK 2.7 billion in domestic trade, hotels and restaurants. The comparative figure for real estate and business activities was NOK 2.4 billion. Allocations by transport and communication were reduced by NOK 1.6 billion.

Total assessed value of shares in non-listed companies was NOK 684 billion at the end of 1999. Allocated dividends accounted for 8 per cent of the total assessed value.

Listed companies: Strong increases in manufacturing, mining and quarrying

Allocated dividends for listed companies in manufacturing, mining and quarrying rose NOK 2.4 billion and by NOK 1.6 billion in financial intermediation. Allocations by these industries accounted for 75 per cent of total allocated dividends.

Overall market value of listed companies at the end of 1999 was NOK 512 billion, an increase of 45 per cent from the previous year. Allocated dividends accounted for 3 per cent of the overall market value.

Values and rule changes

The non-listed stocks are given as assessed value. Since 1997 the assessed value has made up 65 per cent of the company's total taxable property value. The rate used to be 30 per cent. The market value of listed stocks corresponds to the stock price at the end of the year. Allocated dividends are shown as stock dividends in the accounts and are paid the following year. Allocations can be changed of the annual meeting, and such changes are not included in the statistics.

Tables:

• Table 1 Norwegian joint-stock companies. 1995-1999. Million kroner
• Table 2 Norwegian joint-stock companies. Share capital in mominal value, by aggregated industries. 1997-1999. Million kroner
• Table 3 Norwegian joint-stock companies. Share capital in assessed value/market value, by aggregated industries. 1997-1999. Million kroner
• Table 4 Norwegian joint-stock companies. Share capital in allocated stock dividend, by aggregated industries. 1997-1999. Million kroner