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Strong increase in equity
statistikk
2007-05-15T10:00:00.000Z
Establishments, enterprises and accounts
en
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, 2005

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Strong increase in equity

Equity for non-financial limited companies amounted to NOK 1 972 billion in 2005. That was 341 billions or about 21 per cent higher than the previous year. Retained earnings had the highest growth.

Equity is the share of total capital that belongs to the owners. It is divided into invested equity and retained earnings. At the end of the 2005 financial year, invested equity totalled NOK 1 237 billions. That was almost 14 per cent more than the year before. Retained earnings increased by over 34 per cent, from NOK 547 billion to 734 in the same period. The significant increase in retained earnings can be seen in the light of the growth in net profit, coupled with the decline in proposed dividends.

Non-financial limited companies had over NOK 5 000 billions in total assets at the end of the 2005 financial year. That was an increase of 12 per cent from 2004. Limited companies finance their assets through equity and debt. Equity amounted to NOK 1 972 billions in 2005, while total debt was over NOK 3 067 billions. Non-limited companies financed almost 40 per cent of their assets through equity, and 60 per cent through debt.

Liabilities for limited companies are divided into provisions for liabilities and charges, long-term and short-term liabilities. Provisions for liabilities and charges constituted just over 8 per cent of liabilities, while the rest of liabilities were divided almost equally into long-term and short-term liabilities.

About the statistical basis

The statistics for 2005 are total census and are based on tax questionnaires on accounting from a total of 151 172 non-financial limited and public limited companies. The source of data is the tax questionnaire on accounting, used for the purposes of tax assessment. Annual reports are used where the tax questionnaires on accounting are missing. Annual reports is the source for almost 10 per cent of the companies in the statistics, but they account for less than 3 per cent of total operating income and total assets.

 

The statistics cover not consolidated, but company accounts. The statistics show the accounting and aggregate values based on accounting and tax legislation. The values do not necessarily give a good picture of the real or market value of the assets in every case.

 

Norwegian companies can use international accounting standards (IFRS), as from the 2005 financial year. This caused changes in accounting standards for barely 200 companies from 2004 to 2005. Even though they are relatively few, the companies that use international accounting standards account for almost 3 per cent of total operating income and 7 per cent of total assets for non-financial limited companies. The transition to international standards affects the comparability of the accounting figures, for example, the way assets are valued.

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