Annual reports for non-financial limited companies, account statistics, 2000

The total operating income for non-financial joint-stock companies went up from NOK 1 937 billion in 1999 to NOK 2 220 billion in 2000, a 15 per cent increase. The increase in operating income was greater then the increase in operating cost, which caused the large increase in operating profit. Return on total assets rose from 6,4 per cent in 1999 to 8,1 per cent in 2000.

Strong growth for oil and gas

The growth in operating profit was strongest for oil and gas. The operating profit for this industry was NOK 127 billion, almost tree times the result in 1999. Returns on total assets rose from 8.1 to 21.3 per cent during this period. The great increase in profitability must be seen in relation to the fluctuations in oil price. The annual average price on Brent Blend increased from USD 17,88 a barrel in 1999 to USD 28,39 a barrel in 2000.

Reduced operating profit in Mainland Norway

The total operating income for non-financial joint-stock companies in Mainland Norway rose from NOK 1 675 billion in 1999 to NOK 1 793 billion in 2000, a 7 per cent increase. The increase in operating cost was stronger than the increase in operating income, and operating profit went down from NOK 90 billion in 1999 to NOK 80 billion in 2000. Return on total assets went down from 6,4 to 5,6 per cent in the same period.

Reduced strength of capital

The equity for the non-financial joint-stock companies increased by 16 per cent from 1999 to 2000. Despite improved equity, the equity ratio shows a decrease from 37.9 per cent in 1999 to 37.1 per cent in 2000.

Tables:

• Table 1 Selected accounting figures for joint-stock companies. Income statement. 1999-2000. Million kroner
• Table 2 Selected accounting figures for joint-stock companies. Balance sheet at 31 December. 1999-2000. Million kroner.
• Table 3 Key figures for joint-stock companies. 1999-2000
• Table 4 Selected accounting figures for joint-stock companies, by industry section. Income statement. Preliminary figures. 2000. Million kroner
• Table 5 Selected accounting figures for joint- stock companies, by industry section. Balance sheet at 31 December 2000. Preliminary figures. Million kroner
• Table 6 Key figures for joint-stock companies, by industry section. Preliminary figures. 2000
• Table 7 Selected accounting figures for joint-stock companies in Mainland Norway. Income statement. 1999-2000. Million kroner
• Table 8 Selected accounting figures for joint-stock companies in Mainland Norway. Balance sheet at 31 December. 1999-2000. Million kroner
• Table 9 Key figures for joint-stock companies in Mainland Norway. Preliminary figures. 2000