5755_not-searchable
/en/virksomheter-foretak-og-regnskap/statistikker/regnaksje/aar
5755
Large profits and rising equity
statistikk
2008-03-28T10:00:00.000Z
Establishments, enterprises and accounts
en
regnaksje, Annual reports for non-financial limited companies, account statisticsAccounts , Establishments, enterprises and accounts
false

Annual reports for non-financial limited companies, account statistics, 2006

Content

Published:

This is an archived release.

Go to latest release

Large profits and rising equity

Non-financial limited companies had an operating result of NOK 816 billion in total before tax in 2006. The net profit was NOK 523 billion and the equity rose from NOK 2 036 billion in 2005 to NOK 2 544 billion in 2006.

Equity ratio for limited companies. 1999-2006

Non-financial limited companies continued to perform well in 2006, with net profit rising from NOK 400 billion in 2005 to NOK 523 billion in 2006. The majority of the net profit was transferred to retained earnings.

Total equity increased by NOK 508 billion to NOK 2 544 billion in 2006, resulting in a record-high equity ratio of 41.3 per cent. In comparison, the equity ratio was 39.9 per cent in 2005.

Highest equity in manufacturing, mining and quarrying

Manufacturing, mining and quarrying had the highest equity level with NOK 476 billion, followed by oil and gas with NOK 438 billion and real estate, business activities with NOK 391 billion. The equity in manufacturing, mining and quarrying rose by NOK 62 billion from 2005. In oil and gas, and real estate, business activities the increase was NOK 69 and NOK 100 billion respectively. In addition, ocean transport experienced a substantial growth in equity with NOK 49 billion.

Extended statistical basis

The recent growth in equity may to some extent be attributed to the inclusion of portfolio investment companies (see box). Such companies had an equity ratio of 68 per cent in 2006. Furthermore, they increased in number from 2005, most likely due to transition rule E in the tax legislation, according to which privately owned shares could be transferred tax free to a holding company by 31 December 2005.

About the statistical basis

The statistics for 2006 are based on information from 179 987 non-financial limited companies. The information is obtained from the Register of Company Accounts in Brønnøysund.

Only non-financial companies that have submitted their accounts to the Register of Company Accounts are included in the statistics. The statistics do not cover financial sector companies engaged in financial activities and other financial services (commercial banks, savings banks, finance companies and other financial enterprises). Accounts containing serious errors or shortcomings in the income statement or balance sheet are excluded. Accounts for companies which are in the process of closing down are excluded, since these accounts have not been prepared using the going concern assumption.

Companies engaged in portfolio investment (nace 65.238) are included in financial activities, but not in the financial sector. These companies were previously not covered by the statistics. As of 2006, the coverage has been increased so that non-financial limited companies engaged in portfolio investments are covered by the statistics.

Tables: