Norway Yearbook - 1996

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Industrial activities
Statistics of accounts for extraction of crude petroleum and natural gas,
mining1. Income statement and balance sheet
Extraction of crude petroleum and natural
Mining and manufacturing
gas
Million kroner
P.c. Million kroner
P.c.
Income statement
Operating income153 754 100.0 207 767 100.0
Sales (less taxes) 130 296 84.7 200 810 96.7
Other operating income 23458 1 5.3 6957 3.3
Operating expenditure 117335 76.3 195953 94.3
Costof goods 36874 24.0 104732 50.4
Compensation of employees 12701 8.3 41 953 20.2
Other operating expenses 47 968 31.2 42 047 20.2
Depreciation 19792 12.9 7221 3.5
Operating profit 36419 23.7 11814 5.7
Financial income 7804 5.1 7925 3.8
Dividends and interest received 1 042 0.7 S064 2.4
Other financial income 6763 4.4 2861 1.4
Financial expenditure 6488 4.2 9584 4.6
Interest paid 5439 3.5 6593 3.2
Other financial expenses 1 049 0.7 2990 1.4
Financial items, net 1 316 0.9 -1 659 -0.8
Profit before extraordinary items 37 735 24.5 10 155 4.9
Profit before taxes 35624 23.2 10457 5.0
Taxes 22741 14.8 2146 1.0
Payable tax etc 18484 12.0 2270 1.1
Change in deferred tax 4257 2.8 -124 -0.1
-
Annual profit 12883 8.4 8311 4.0
Transferred to equity 7 072 4.6 2401 1.2
Proposed dividends etc. 5726 3.7 2897 1.4
Contribution to group companies etc.. . 85 0.1 3013 1.5
Balance sheet at 31 December
Current assets 37124 14.4 111904 49.7
Cash, deposits, shares, bonds 3405 1.3 18693 8.3
Accounts receivable from customers 6.1 24330 10.8
Other accounts receivable 14467 5.6 39156 17.4
Stock of goods 3613 1.4 29726 13.2
Fixed assets 220690 85.6 113037 50.3
Shares and bonds 29690 11.5 29568 13.1
Accounts receivable 5277 2.0 32578 14.5
Fixed tangible assets etc 185723 72.0 50891 22.6
Total assets 257813 100.0 224941 100.0
Short-term liabilities 64686 25.1 89 541 39.8
Accounts payable to suppliers 14776 5.7 17044 7.6
Bank overdraft 522 0.2 3552 1.6
Other short-term liabilities 49388 19.2 68 946 30.7
Long-term liabilities 127 657 49.5 63 963 28.4
Equity 65470 25.4 71 437 31.8
Share capital and the like 12 448 4.8 20225 9.0
Other restricted equity . 24906 9.7 24600 10.9
Distributable equity 28 117 10.9 26612 11.8
Total liabilities and equity 257 813 100.0 224 941 100.0
Number of enterprises 47 448
Number of persons engaged at 31 December 23974 152546
1Enterprisen in extraction of crude petroleum and natural gas regardless of their size, in mining and manufacturing with at least 100 persons
employed. ExcI. the Norwegian State's direct financial involvement in oil activity.
Source: NOS Statistics of Accounts 1994. More information: Division for External Trade, Energy and Industrial Production Statistics.
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