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Publicly owned enterprises 2018

Number of publicly-owned enterprises increased

Statistical news from Statistics Sweden 2019-12-06 9.30

In 2018, there were 2 886 publicly-owned enterprises, an increase of 56 enterprises from 2017. The number of state-owned enterprises increased by 64 enterprises, to 922 in 2018. By contrast, municipally and county council-owned enterprises decreased by 8 enterprises.

Drop in earnings for state-owned enterprises

Earnings among state-owned enterprises decreased in 2018, which was due to a larger increase in operating expenses than in operating revenue. State-owned enterprises’ earnings fell from SEK 36.7 billion in 2017 to SEK 31.6 billion in 2018.

The balance sheet total for state-owned enterprises was SEK 2 093 billion in 2018, which was an increase of SEK 143 billion compared with 2017.

Return on equity decreased by 1.8 percentage points and amounted to 7.4 percent in 2018. This decrease was due to lower profit after financial items compared with the previous year. The equity ratio decreased by 0.9 percentage points to 24.1 percent.

Reported earnings also decreased among municipally-owned enterprises

Reported earnings for municipally-owned enterprises decreased by SEK 2.6 billion compared with 2017. Reported profit was SEK 16.1 billion in 2018.

The balance sheet total for municipally-owned enterprises was SEK 1 513 billion in 2018, an increase of SEK 47 billion compared with the previous year. On the liabilities side, equity, long-term liabilities, and short-term liabilities increased, while provisions decreased. On the assets side, tangible assets increased.

Return on equity was 6.8 percent in 2018, a decrease from 7.7 percent the previous year. The equity ratio decreased marginally, from 23.4 percent in 2017 to 23.3 percent in 2018.

County council-owned enterprises’ earnings increased

Reported earnings for county council-owned enterprises increased by SEK 249 million compared with the previous year and amounted to SEK 401 million in 2018.

The balance sheet total was SEK 91 billion, which is a minor decrease of SEK 3 billion compared with 2017.

Return on equity increased from 1.1 percent in 2017 to 2.3 percent in 2018. This increase was due to higher profit after financial items compared with the previous year. The equity ratio increased from 16.3 percent in 2017 to 17.6 percent in 2018, as liabilities decreased and adjusted equity increased.

Definitions and explanations

Return on equity is calculated by dividing the profit after financial items with adjusted equity. Equity is equal to adjusted equity divided by total assets. Adjusted equity is equal to equity plus 72 percent of untaxed reserves.

Feel free to use the facts from this statistical news but remember to state Source: Statistics Sweden.

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