Earnings for state-owned enterprises decreased the most

Earnings for state-owned enterprises decreased by SEK 3.8 billion in 2020 compared with 2019. This decrease is explained by falling electricity prices, major write-downs as well as a decline in traffic due to the COVID-19 pandemic.

The balance sheet total for state-owned enterprises was SEK 2 393 billion in 2020, which is SEK 132 billion more than in 2019. On the liabilities side, long-term liabilities increased the most, followed by equity capital. On the assets side, long-term receivables increased the most, followed by fixed assets.

Return on equity decreased by 2.9 percentage points and was 9.5 percent in 2020. This decrease was due to a decrease in profit after financial items compared with the previous year. The equity ratio increased by 0.1 percentage point and was 25.1 percent.

Earnings for municipally-owned enterprises increased

Reported earnings for municipally-owned enterprises increased by SEK 1.8 billion compared with 2019. Reported profit was SEK 16.4 billion in 2020.

The balance sheet total for municipally-owned enterprises was SEK 1 704 billion in 2020, which is an increase of SEK 119 billion compared with the previous year. On the liabilities side, long-term liabilities increased the most followed by equity capital. On the assets side, long-term receivables increased the most.

Return on equity was 5.8 percent in 2020, a minor decline of 0.5 percent compared with the previous year. The equity ratio increased from 21.9 percent in 2019 to 22.7 percent in 2020.

Earnings for region-owned enterprises decreased

Reported earnings for region-owned enterprises decreased by SEK 1.8 billion compared with the previous year and amounted to SEK -1.2 billion in 2020.

The balance sheet total was SEK 106 billion, which is an increase of SEK 10 billion compared with 2019. On the assets side, fixed assets increased the most. On the liabilities side, long term liabilities increased the most.

Return on equity fell from -0.5 percent in 2019 to -7.7 percent in 2020. This was due to the fact that the result after financial items has decreased and become even more negative compared with the previous year. The equity ratio decreased from 17.6 percent in 2019 to 15.4 percent in 2020.