Financial Stability 2/2003
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Annex: Statistics

Rapportforside

Table 1 Key figures for limited companies in selected industries. Per cent

 Share of debt to banks1)Operating margin2)Return on total assets3)Cash surplus/ debt to banks4)Predikted bankruptcy probability5)Risk-weighted debt as a percentage of debt6)
     
Median
80 percentile
 
 
2001
2002
2001
2002
2001
2002
2001
2002
2001
2002
2001
2002
2001
2002
Hunting, agriculture and forestry
0.2
0.2
3.7
4.7
7.1
8.2
23.9
28.8
0.7
0.7
4.1
4.1
3.0
2.2
Fishing
2.1
2.3
11.5
8.6
7.7
8.2
14.1
9.9
1.3
1.2
6.5
5.6
1.9
1.7
Fish-farming
2.3
2.3
1.5
-8.5
4.9
-3.4
10.7
-3.8
1.1
1.5
4.4
5.3
1.5
1.9
Mining
1.2
1.2
11.4
10.6
10.5
14.2
22.4
26.8
0.4
0.4
2.0
2.0
0.6
0.5
Shipbuilding
0.9
0.9
2.5
2.7
12.0
6.8
59.4
19.8
0.7
0.6
2.7
2.6
0.5
0.5
Other manufacturing
12.3
11.3
8.3
8.6
10.3
10.9
26.4
27.4
0.5
0.5
2.6
2.6
0.5
0.5
Utilities
3.2
2.2
2.3
24.7
3.0
6.5
30.6
44.9
0.2
0.2
0.7
0.9
0.1
0.0
Construction
3.3
3.9
3.9
4.3
8.3
9.5
25.4
28.2
0.5
0.6
2.7
2.8
1.5
1.4
Wholesale and retail trade
12.1
10.8
2.3
3.0
7.4
9.0
18.8
24.9
0.7
0.7
3.5
3.4
1.3
1.3
Hotels and restaurants
1.8
1.9
0.9
2.6
2.8
4.9
7.6
9.1
2.1
1.9
12.9
12.0
3.8
3.3
Shipping
16.2
16.2
9.8
2.0
7.6
8.0
20.5
29.5
0.4
0.4
1.5
1.4
0.3
0.3
Other transport
3.5
3.1
0.5
4.1
2.4
6.7
23.0
31.5
0.4
0.4
1.9
1.8
0.6
0.6
Telecoms
0.8
0.8
1.8
-2.6
-0.8
-1.3
35.2
4.3
0.9
0.8
4.3
3.9
0.3
0.4
IT
0.3
0.3
-5.4
-1.5
-6.1
-1.2
-36.9
-5.3
0.8
0.7
3.7
3.7
2.0
2.0
Commercial services
6.2
6.9
1.9
2.7
5.0
5.1
15.2
13.1
0.4
0.4
1.8
2.0
1.0
1.1
Travel and tourism
0.3
0.4
3.0
2.5
9.0
8.1
18.5
13.5
0.5
0.6
2.4
2.6
1.5
1.3
Property management
33.2
35.2
34.0
32.1
7.7
7.4
5.8
6.1
0.3
0.3
1.1
1.1
0.6
0.6
Total
100.0
100.0
4.8
5.4
6.5
7.5
16.1
17.6
0.5
0.5
2.5
2.5
0.7
0.7
1) The industry's share of the total bank debt of the selected industries
2) Operating results as a percentage of turnover
3) Total return before tax and interest on debt as a percentage of total assets at year-end
4) Only enterprises with bank debt. Cash surplus calculated as result for ordinary activities before tax + depreciation and write-down
5) Predicted bankruptcy probability as a percentage from Norges Bank's bankruptcy prediction model. Adjusted for accounts for 2002 that are not available
6) Risk-weighted debt (total bankruptcy prob. x debt) per industry as a percentage of industry's debt (other long-term debt and bank overdraft). Adjusted for accounts for 2002 that are not available

Source: Norges Bank

Table 2 Balance sheet for corporate sector1)

  
NOK billions
Per cent of total assets
  
2001
20022)
2001
2002
Intangible asset 
84
79
3.6
3.6
Fixed assets 
740
733
31.8
33.0
Financial fixed assets 
593
605
25.5
27.3
Total fixed assets 
1 417
1 417
60.9
63.9
  
Inventories 
146
137
6.3
6.2
Current receivables 
531
440
22.8
19.8
Bank deposits, cash and current investments 
233
223
10.0
10.1
Total current assets 
910
800
39.1
36.1
Total assets 
2 328
2 217
100.0
100.0
  
Paid-in capital 
410
438
17.6
19.8
Retained earnings 
346
287
14.9
12.9
Total equity 
756
725
32.5
32.7
  
Provisions 
83
85
3.6
3.8
Other long-term debt 
705
721
30.3
32.5
Total long-term debt 
788
806
33.8
36.4
  
Current liabilities 
784
686
33.7
30.9
Total equity and liabilities 
2 328
2 217
100.0
100.0
1) Limited companies excl. enterprises in the oil and gas industry, financial industry and public
2) Some annual accounts for 2002 are not yet available

Source: Norges Bank

Table 3 Total assets in Norwegian financial groups by line of business1 as at 30 June 2003. Per cent

  
Banks
Finance
companies
Mortgage
companies
Life insurance
Total group
DnB 
82.6
3.8
0.0
13.6
100.0
Union Bank of Norway 
67.9
7.5
5.2
19.5
100.0
Nordea Norge  
90.0
2.0
8.0
0.0
100.0
Sparebank1 alliance 
94.1
1.2
0.0
4.7
100.0
Terra alliance 
97.3
0.8
1.9
0.0
100.0
Storebrand 
19.0
0.0
0.0
81.0
100.0
Fokus 
71.8
0.0
28.0
0.0
100.0
1) 'Total group' is equivalent to the combined total assets in the various lines of business in the table. The table does not show an exhaustive list of the activities of Norwegian financial groups. For example, unit-linked insurance, securities funds and asset management have been excluded

Source: Norges Bank

Table 4 Norwegian financial groups' market shares1) in various lines of business as at 30 June 2003. Per cent

  
Banks
Finance
companies
Mortage companies
Life insurance
Total group
DnB 
26.6
21.5
0.0
17.0
21.5
Union Bank of Norway 
14.2
27.6
6.1
16.0
14.1
Nordea Norge  
14.4
5.6
7.2
0.0
10.7
Sparebank1 alliance 
13.8
3.1
0.0
2.7
9.9
Terra alliance 
6.6
1.0
0.7
0.0
4.6
Storebrand 
1.6
0.0
0.0
25.9
5.5
Fokus 
3.3
0.0
7.3
0.0
3.1
Total financial groups 
80.4
58.9
21.2
61.6
69.3
1) Market shares are based on total assets in the various lines of business. Total groups corresponds to the combined total assets of the various lines of business in the table. The tabledoes not show an exhaustive list of the activities in Norwegian financial groups. For example, unit-linked insurance, securities funds and asset management have been excluded

Source: Norges Bank

Table 5 Structure of the Norwegian financial industry. As at 30 September 2003

  
Number
Lending
(NOK bn)
Total assets
(NOK bn)
Core capital ratio (%)
Capital
adequacy (%)
Commercial banks 
14
522.9
813.4
8.3
11.4
Savings banks 
130
594.7
728.0
10.6
12.9
Mortgage companies 
11
198.7
310.7
10.0
12.5
Finance companies 
51
89.5
96.6
8.3
9.8
Life insurance companies 
13
23.6
458.4
10.3
15.7
Non-life insurance companies 
52
1.2
103.2
Branches of foreign banks 
8
58.6
157.7
       
Memorandum:   
(NOK bn)
  
Market value of equities, Oslo Stock Exchange   
573.3
  
Outstanding domestic bonds and short-term paper debt   
666.0
  
  Issued by public sector and state-owned companies   
334.1
  
  Issued by banks   
194.8
  
  Issued by other financial institutions   
69.9
  
  Issued by other private enterprises   
46.8
  
  Issued by non-residents   
20.4
  
GDP Norway, 2002   
1520.7
  
GDP Mainland Norway, 2002   
1207.1
  

Sources: Norges Bank, Oslo Stock Exchange and Statistics Norway

Table 6 Results in Norwegian banks1)

  
2001
2002
2002 Q1-Q3
2003 Q1-Q3
  
NOK bn
% ATA
NOK bn
% ATA
NOK bn
% ATA
NOK bn
% ATA
Net interest income 
28.90
2.21
30.72
2.19
22.64
2.17
22.89
2.03
Other operating income 
11.95
0.91
10.21
0.73
6.62
0.63
9.29
0.82
  commission income 
6.98
0.53
7.09
0.51
5.27
0.50
5.47
0.48
  securities, FX and derivatives 
3.66
0.28
1.95
0.14
0.68
0.07
3.14
0.28
Other operating expenses 
24.76
1.89
25.49
1.82
18.56
1.78
18.81
1.67
  personnel expenses 
12.90
0.98
13.26
0.95
9.77
0.94
10.13
0.90
Pre-tax operating profit before losses 
16.09
1.23
15.45
1.10
10.71
1.02
13.37
1.18
          
Losses on loans and guarantees 
3.62
0.28
6.66
0.47
2.73
0.26
5.45
0.48
Pre-tax operating profit 
12.24
0.93
8.92
0.64
8.07
0.77
8.02
0.71
Profit after taxes 
10.90
0.83
6.26
0.45
5.60
0.54
6.20
0.55
Core capital ratio (%) 
9.69
9.60
9.54
9.37
1) Parent banks, all commercial and savings banks. Foreign branches are not included

Source: Norges Bank

Norges Bank, Bankplassen 2, PB 1179 Sentrum, 0107 Oslo, tlf (+47) 22 31 60 00
Last updated 04.12.2003