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Key figures
1 382
NOK billion in total liabilities abroad
NOK million | Per cent | ||
---|---|---|---|
2019 | 2018 - 2019 | 2016 - 2019 | |
1Figures from last year are preliminary | |||
Total assets | 1 851 166 | 4.4 | 6.7 |
Fixed assets | 1 353 995 | 6.3 | 6.6 |
Current assets | 497 171 | -0.5 | 7.1 |
Total liabilities | 1 382 411 | 6.9 | -7.3 |
Long term liabilities | 953 211 | 8.9 | -11.1 |
Short-term liabilities | 429 200 | 2.8 | 2.3 |
See selected tables from this statistics
Table 1
Assets and liabilities in foreign countries, by category. NOK million
2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|
1Figures from last year are preliminary. | ||||
Total assets | 1 734 660 | 1 737 673 | 1 773 256 | 1 851 166 |
Fixed assets | 1 270 462 | 1 268 899 | 1 273 646 | 1 353 995 |
Intangible fixed assets abroad | 290 | 282 | 348 | 339 |
Tangible fixed assets abroad | 60 636 | 56 589 | 48 855 | 58 509 |
Financial fixed assets abroad | 1 209 536 | 1 212 029 | 1 224 443 | 1 295 147 |
Investment in subsidiaries, other group companies or associated companies abroad | 894 958 | 886 763 | 915 872 | 930 230 |
Loans to group companies | 300 438 | 296 405 | 282 482 | 306 063 |
Current assets | 464 198 | 468 774 | 499 610 | 497 171 |
Debitors abroad | 312 867 | 335 654 | 363 722 | 351 217 |
Investments abroad | 126 128 | 104 572 | 103 323 | 115 236 |
Bank deposits abroad | 25 204 | 28 548 | 32 566 | 30 718 |
Total liabilities | 1 491 342 | 1 354 359 | 1 292 662 | 1 382 411 |
Long term liabilities | 1 071 921 | 971 142 | 875 285 | 953 211 |
Bond loans abroad | 408 037 | 333 513 | 334 927 | 375 782 |
Liabilities to foreign financial institutions | 144 690 | 130 337 | 129 226 | 158 900 |
Long-term liabilities to group companies abroad | 483 239 | 464 236 | 376 138 | 363 640 |
Short-term liabilities | 419 420 | 383 216 | 417 377 | 429 200 |
Short-term liabilities to group companies abroad | 283 725 | 270 402 | 284 316 | 295 034 |
Table 2
Assets and liabilities in foreign countries, by continent. NOK million. Preliminary figures
2019 | ||||||
---|---|---|---|---|---|---|
Total assets | Fixed assets | Current assets | Total liabilities | Long-term liabilities | Short-term liabilities | |
Total | 1 851 166 | 1 353 995 | 497 171 | 1 382 411 | 953 211 | 429 200 |
Europe | 1 217 068 | 843 852 | 373 216 | 981 713 | 665 486 | 316 227 |
Of which | ||||||
Belgium | 5 627 | 3 231 | 2 396 | 112 047 | .. | .. |
Sweden | 230 049 | 163 987 | 66 062 | 113 610 | 61 586 | 52 024 |
United Kingdom | 211 946 | 119 904 | 92 041 | 233 184 | 176 919 | 56 266 |
Germany | 80 037 | 56 075 | 23 962 | 67 633 | 48 288 | 19 345 |
Netherlands | 232 615 | 215 533 | 17 082 | 129 533 | 55 948 | 73 585 |
Denmark | 140 275 | 95 740 | 44 535 | 35 705 | 21 128 | 14 576 |
Russia | 5 745 | 4 724 | 1 021 | 3 237 | 775 | 2 461 |
France | 45 632 | 23 680 | 21 952 | 77 941 | 64 231 | 13 710 |
Switzerland | 24 851 | 8 535 | 16 316 | 36 425 | 21 808 | 14 617 |
Finland | 62 136 | 46 221 | 15 915 | 41 556 | 27 724 | 13 832 |
Ireland | 57 249 | 22 398 | 34 851 | 20 243 | 11 186 | 9 057 |
Cyprus | 9 469 | 7 306 | 2 163 | 19 269 | 17 578 | 1 691 |
Luxembourg | 16 196 | 7 043 | 9 153 | 46 784 | 36 807 | 9 977 |
Iceland | 2 906 | 2 325 | 581 | 1 311 | .. | .. |
North and Central America | 292 066 | 223 082 | 68 985 | 293 279 | 242 972 | 50 307 |
Of which | ||||||
United States | 244 397 | 195 140 | 49 257 | 234 839 | 204 671 | 30 169 |
Bermuda | 18 964 | 11 864 | 7 099 | 28 334 | 21 335 | 6 999 |
Canada | 12 857 | 10 868 | 1 989 | 5 713 | 2 105 | 3 607 |
Asia | 150 278 | 113 796 | 36 482 | 75 867 | 36 538 | 39 329 |
Of which | ||||||
Singapore | 77 358 | 64 455 | 12 903 | 27 819 | 10 477 | 17 342 |
South Korea | 11 810 | 6 754 | 5 056 | 619 | .. | 619 |
China | 13 328 | 10 073 | 3 255 | 14 007 | .. | .. |
Africa | 53 879 | 46 081 | 7 798 | 13 374 | 1 051 | 12 323 |
Of which | ||||||
Angola | 16 018 | 12 467 | 3 551 | 4 083 | .. | .. |
Algeria | 7 134 | .. | .. | .. | .. | .. |
South America | 126 336 | 120 859 | 5 476 | 1 572 | 11 | 1 561 |
Of which | ||||||
Brazil | 111 555 | 107 848 | 3 707 | 602 | 11 | 591 |
Oceania | 8 880 | 5 775 | 3 106 | 4 715 | 990 | 3 725 |
Of which | ||||||
Australia | 6 295 | 4 191 | 2 104 | 3 587 | .. | .. |
Unknown | 2 658 | 550 | 2 108 | 11 892 | 6 163 | 5 728 |
See all figures from this statistics
08423: Assets and liabilities in foreign countries, by country (mill. NOK)
07563: Assets and liabilities in foreign countries, by category (NOK million)
06169: Assets and liabilities in foreign countries, by catagory (NOK million)
06172: Liabilities in foreign countries, by catagory (percentage distribution)
About the statistics
The statistics gives an overview over Norwegian non-financial enterprises’ assets, liabilities, ownership, financial income and financial expenses abroad.
Definitions
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The units below are regarded as Norwegian in the statistics:
Legal persons registered as Norwegian, excluding their affiliates abroad. The definition is valid regardless of the owner’s nationality. Hence, foreign-owned companies registered as Norwegian are regarded as Norwegian units.
Affiliates in Norway of foreign registered legal persons. Physical persons permanently residing in Norway, regardless of citizenship. The following units are regarded as foreign in the statistics:
Legal persons registered abroad, including Norwegian-owned companies that are registered abroad.
Norwegian companies’ affiliates abroad.
Physical persons permanently residing abroad, regardless of citizenship.
Fixed assets in foreign countries cover assets that are mainly included in the company’s long-term creation of value and are intended for permanent ownership or use. They also include receivables and securities scheduled for repayment later than one year after the time of the settlement. They include tangible fixed assets, long-term receivables and investments. Investments include securities, shares and loans to other companies within the same group.
Current assets are assets relating to the company’s sales of goods and services (stocks of goods are not included, but assets and liabilities concerning sales of goods are), and assets which are expected to have a functional period of less than one year in production. This includes cash and short-term capital in foreign countries, foreign receivables and inventories.
The data are based on accounting legislation, and the values do not necessarily give a good picture of the real or the market value of the assets.
Liabilities cover all obligations that may limit the company’s future use of its resources. They are divided into short-term and long-term liabilities to foreign countries. Long-term liabilities are legal or financial obligations not meant to be redeemed during the coming accounting period. They are not related to the company’s short-term sales of goods and services. Short-term liabilities are liabilities that fall due for payment within one year from the time of settlement. Liabilities which are directly related to the company’s short-term sales of goods and services also fall in this category.
Companies applying the International Financial Reporting Standards (IFRS) classify proposed dividends as a part of the equity, and not as a short-term liability.
In the statistics, assets and liabilities are grouped into assets and liabilities in companies within own group and assets and liabilities in companies that are not in own group.
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The annual statistics are broken-down by groups of countries.
Groups of countries are based on the ISO standard 3166.
Administrative information
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Name: Accounting statistics, non-financial enterprises foreign financing
Topic: Establishments, enterprises and accounts
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Division for Business Dynamics Statistics
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The annual statistics are divided into countries or groups of countries.
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Annually and quarterly statistics on non-financial companies’ foreign financial income, foreign financial expenses and foreign balance sheet items. The quarterly statistics are published 10 weeks after the quarter’s end, while the annual statistics are published within one year after the fiscal year.
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The statistics are part of the basis for the Balance of Payment of non-financial companies, and partly the basis for reporting of Foreign Direct Investment to international organizations as IMF, OECD and Eurostat.
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Statistical files are stored.
Background
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The purpose of the statistics is to give an overview over Norwegian non-financial companies’ foreign economy (assets, liabilities, ownership, financial income and financial expenses).
Parts of the earlier basis for the Balance of Payments statistics were closed, and this statistics was established to replace parts of the basis. The statistics also gives information on non-financial companies’ foreign assets and liabilities was previously collected as a part of the Financial Census.
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The Accounting Statistics, non-financial companies foreign financing, are a part of the Balance of Payment.
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No external users have access to the statistics and analyses before they are published and accessible simultaneously for all users on ssb.no/ at 8 am. Prior to this, a minimum of three months' advance notice is given inthe Statistics Release Calendar.
For more information about the principles for equal treatment of users in releasing statistics and analyses, click here.
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Accounting statistics, non-financial companies’ foreign financing, is part of the basis of the Balance of Payment. The statistics is also part of the international reporting of assets and liabilities to foreign countries. The data collection is partly joint with the statistics on import and export of services.
The quarterly statistics cover the sample, and do not give figures for the entire population. The statistics is not directly comparable with the Balance of Payment.
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Statistics Act Sections 10 and 20.
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Council Regulation (EF) 184/2005.
Production
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The statistics are based on a survey of the 600 largest non-financial companies. The size of the company is measured by assets and liabilities in foreign countries, foreign shares and foreign ownership.
The population is based on the Financial Census of 2003 and taxation data.
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Data are collected from non-financial companies, and are matched with information from the accounting statistics, stock statistics and the Central Register of Establishments and Enterprises.
The data are collected quarterly from the about 600 largest companies quarterly. The annual statistics cover approximately 3000 companies, where the 600 largest are included.
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The data are collected by electronic questionnaires. The respondents must report within 30 days after the quarter, but have longer time to report the annual data.
The data are checked when reported to Statistics Norway, and for some types of errors, the respondent is contacted to get the errors corrected. The data are also verified by comparing them with data from other sources, like previous reports and accounting data.
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Not relevant
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Figures are not published in a way which makes it possible to identify particular units in the statistics.
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Revisions in the accounting legislation may cause less comparability over time.
Accuracy and reliability
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The reported data are based on the tax questionnaire on accounting. The interpretation of figures concerning Norwegian amounts and amounts toward foreign countries may vary from company to company, and cause missing values. There may also be errors in reporting. One of the most common errors stem from differences between variables as defined by Statistics Norway and as they are in the company’s accounting system or general ledger. The separation of the figures into Norwegian and foreign may also cause errors.
Non-response weakens the quality of the statistics. To minimize non-response, missing data are imputed electronically.
To secure high relevance at low cost, ensuring that the largest companies are in the sample is emphasised. There is no complete register covering all units in the population. Due to this, it might be units in the population not covered by the sample.
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Not relevant
Contact
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Glenn Cato Andersen
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Salah Eddine Ziade
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Simen Jansen Maal