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Rising invested equity
Invested equity from the owners of non-financial joint-stock companies rose by over 10 per cent in 2003, and was two thirds of total equity at December 31, 2003. In 2000, in comparison, invested equity constituted half of total equity.
Norwegian joint-stock companies had a total of over NOK 1 412 billion in equity in 2003, about 6 per cent higher than they had the previous year. Retained earnings, which are based on the companies' earnings, fell slightly from NOK 521 billion in 2002 to NOK 518 billion in 2003.
Total equity and liabilities, total capital, increased from NOK 3 847 billion in 2002 to NOK 3 947 billions in 2003, or by almost 3 per cent. As equity increased more than total capital, the equity ratio, a measure of the companies' solidity, went up from 34,6 to 35, 8 per cent. The equity ratio is the companies' equity in per cent of total equity and liabilities.
Equity. 2000-2003. NOK million |
2000 | 2001 | 2002 | 2003 | ||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity | 1 296 196 | 1 325 267 | 1 332 583 | 1 412 219 | |||||||||||||||||||||||||||||||||||
Invested equity | 716 041 | 767 443 | 811 615 | 893 850 | |||||||||||||||||||||||||||||||||||
Retained earnings | 580 155 | 557 824 | 520 968 | 518 369 | |||||||||||||||||||||||||||||||||||
The changes in the structure of equity can be seen in the light of proposed dividends, which, in the fiscal year 2003, were almost NOK 122 billion. Equity invested in the companies was, compared to dividends to shareholders, almost NOK 76 billion. The allocations, which show relatively high dividends and invested equity, tally well with the changes in the relationship between retained earnings and invested equity.
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Find more figures
Find detailed figures from Accounting statistics for non-financial limited companies
Contact
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Mihret Shimay
E-mail: mihret.shimay@ssb.no
tel.: (+47) 94 84 03 94
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Hieu Minh Tran
E-mail: hieu.tran@ssb.no
tel.: (+47) 46 67 66 50