This audit focused in particular on assessing the individual Ministry’s management of the state’s proprietary interests in companies, banks, etc. The report discusses a number of issues of principle that were raised in connection with the following institutions: the Norwegian State Housing Bank, Medinnova SF, Nordic Aviation Resources AS, Norges Bank, Norway Land Information AS, Norway Post BA, Statkraft SF, Statskog SF, Telenor AS and the National Centre for Veterinary Contract Research and Commercial Services VESO AS. An important matter of principle was raised directly in connection with the government corporation the Civil Aviation Administration. Otherwise, the Office of the Auditor General did not have any remarks regarding the Ministries’ management of the state’s proprietary interests in companies, banks, etc. in 1999.
The report includes a presentation of all the enterprises that are wholly owned by the central government and which are subject to inspection by the Office of the Auditor General. Partly state-owned companies are not mentioned in the report submitted to the Storting, unless the findings of the audit give grounds for remarks or comments "for information" from the Office of the Auditor General.
The Office of the Auditor General’s audit included 26 wholly state-owned limited companies, 29 partly state-owned limited companies, 6 state-owned enterprises, 9 bodies organised through separate legislation and 26 student welfare organisations.
The total share capital in all the wholly state-owned limited companies together was NOK 15.1 billion. The largest companies were Telenor AS with a share capital of NOK 8.4 billion and Statoil with a share capital of NOK 4.94 billion. Invested capital in state-owned enterprises represented a total of NOK 22.3 billion. Statkraft SF had the largest amount of invested capital at NOK 19.25 billion. The companies organised through separate legislation, including companies with limited liability, had a total basic capital or invested capital of NOK 6.3 billion.
This Report is available in Norwegian on the Office of the Auditor General’s website – www.riksrevisjonen.no – or can be ordered from the University bookshop Akademika, tel. +47 22 11 67 70.
The Report will be closed on 6 November 2000 at 12 noon.