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Equity up – profits down
statistikk
2015-04-28T10:00:00.000Z
Establishments, enterprises and accounts
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regnno, Accounting statistics for non-financial limited companies, operating income, operating expenses, operating profit, net profit, fixed assets, current assets, equity, liabilities, annual accounts, profit and loss account, balance sheet items, assetsAccounts , Establishments, enterprises and accounts
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Accounting statistics for non-financial limited companies give us a survey of economic aggregates.

Accounting statistics for non-financial limited companies, 2013

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Equity up – profits down

Equity for non-financial limited companies rose by NOK 595 billion from 2012 to 2013. However, returns on equity dropped from 12.5 per cent to 9.9 per cent.

Accounting statistics for non-financial limited companiesPublished 28 April 2015
NOK millionPer cent
201320122012 - 2013
Income statement
Operating income4 943 4354 844 1042.1
Operating profit578 846604 206-4.2
Operating profit before tax744 766849 898-12.4
Net profit452 087499 250-9.4
Balance sheet
Fixed assets7 571 7746 993 6408.3
Current assets2 807 0642 795 8800.4
Equity4 625 3114 030 08614.8
Liabilities5 753 5265 759 434-0.1
Per centPercentage points
Key figures
Operating profit margin11.712.5-0.8
Return on total assets8.710.2-1.5
Return on equity9.912.5-2.6
Equity ratio44.641.23.4

Source: Statistics Norway

Equity for non-financial limited companies stood at NOK 4 625 billion in 2013, which was a record high. Nevertheless, profits saw a decline. Operating profit fell from NOK 604 billion in 2012 to NOK 579 in 2013. Net financial items were NOK 80 billion lower than in 2012. Operating profit before tax consequently went down from NOK 850 billion to NOK 745 billion.

The decrease in profits and the increase in equity led to a fall in profitability, with return on equity falling from 12.5 per cent in 2012 to 9.9 in 2013, which was the lowest recorded in the last 10 years.

Unchanged profits on Mainland Norway

Profit before tax for Mainland Norway companies amounted to NOK 404 billion, which was almost the same as in 2012. The corresponding figure in petroleum activities and ocean transport was NOK 341 billion, which was NOK 103 lower than in 2012. Total equity rose both on Mainland Norway and in petroleum activities and ocean transport, totalling NOK 3 434 billion and NOK 1 191 billion respectively. As a result of the rise in total equity, return on equity in petroleum activities and ocean transport dropped from 18.0 per cent to 11.2 per cent. Return on equity on Mainland Norway fell from 10.7 per cent to 9.5 per cent.

 

Changes in the statistical basis Open and readClose

A new institutional sector classification was introduced as from fiscal year 2012, with the result that the figures are not entirely comparable with the figures for previous years. The introduction has affected the demarcation between financial and non-financial enterprises, resulting in enterprises in portfolio investments being moved from non-financial limited companies. Owing to the new sector classification, some changes were made in industrial classification, which may have an impact on the comparability of the figures broken down by industry.