Enterprise finance and accounts
How big is the value added for Danish enterprises? See the development in value added and solvency ratio by industry for both the primary sector and the non-agricultural private sector.
Explainer on…
Key figure showing a company's ability to cover losses using net capital. It indicates what share of the company's assets has been financed by the owner. Solvency ratio is calculated as net capital as a percentage of total assets at year-end.
Turnover and other operating income, less the cost of consuming goods and services. In other words, value added expresses the value creation that takes place in the profession.
Selected statistics on Enterprise finance and accounts
Development in value added for the non-agricultural private sector
- Questionnaires
- Danish Business Authority
- The Central Customs and Tax Administration (SKAT)
- The business register
- The Danish Medicines Agency (pharmacy accounts)
The questionnaires are obtained via online reporting of a questionnaire that complies as far as possible with the Danish Financial Statements Act. Most enterprises have a fiscal year following the calendar year. Some enterprises have skewed accounting periods, so that accounts closed throughout the period May 1 of the reference year (t) through April 30 of the following year (year t + 1).
From SKAT, accounting information is obtained from tax accounts that are not as detailed as the schedule information, but contain a number of main items from the accounts. From the Business Register in Statistics Denmark, basic information about the enterprises is obtained, such as industry, form of business, VAT turnover and employment. The Danish Medicines Agency provides full accounts for all pharmacies in Denmark. This accounting information differs in certain items from the breakdown on the Statistics Denmark questionnaire, but is adjusted to this discretion. The Danish Business Authority receives official financial statements in XBRL format, which are used for both the preliminary and final figures, as well as for troubleshooting the other sources.
Development in value added for the primary sector
These statistics are based on the existing statistics for agriculture, fisheries and aquaculture.
The main source for compiling the agricultural statistics is accounts data for farms, whose accounts are prepared by accounts offices, which are organized within the SEGES advisory service. The data for the statistics are collected electronically from the accounts system Ø90, where additional and necessary information is supplemented by the accounts offices. In addition to this, accounts data for a small number of enterprises are collected from private accounts offices, which report the data electronically on questionnaires. Another source is the Business Registers maintained by Statistics Denmark. The register forms the basis for determining the population. Information from the Danish Agricultural Agency on the population of organic farms and register-based data on paid-out subsidies are used.
The accounts statistics for fishery is based on obtaining data from the accountants by using a standardized electronic questionnaire. The databases from the Danish Fisheries Agency is the basis for the number of units, grouping of the population and stratification, selection and weighting of the holdings. Statistics Denmark receives information on production, production facilities and ownership of each registered vessel when each years production is counted. These data is used as boundaries for the economic units and workplaces. Another source is logbooks. Registers from The Danish Fisheries Agency are used to investigate each accounts connected to a verification of workplaces- and capital outlays and efforts per vessels in cooperation med DTU-Aqua.
The accounts statistics for aquaculture is based on data from accountants. In addition, data from The Danish Fisheries Agency aquaculture register and the municipalities registers of aquaculture and marine are used. Accounts for the statistics on aquaculture are mainly ending in the period June 30th to December 31th of the previous year.
More information can be found in the documentation of statistics on agriculture, fishery and aquaculture.
Development in solvency for the non-agricultural private sector
- Questionnaires
- Danish Business Authority
- The Central Customs and Tax Administration (SKAT)
- The business register
- The Danish Medicines Agency (pharmacy accounts)
The questionnaires are obtained via online reporting of a questionnaire that complies as far as possible with the Danish Financial Statements Act. Most enterprises have a fiscal year following the calendar year. Some enterprises have skewed accounting periods, so that accounts closed throughout the period May 1 of the reference year (t) through April 30 of the following year (year t + 1).
From SKAT, accounting information is obtained from tax accounts that are not as detailed as the schedule information, but contain a number of main items from the accounts. From the Business Register in Statistics Denmark, basic information about the enterprises is obtained, such as industry, form of business, VAT turnover and employment. The Danish Medicines Agency provides full accounts for all pharmacies in Denmark. This accounting information differs in certain items from the breakdown on the Statistics Denmark questionnaire, but is adjusted to this discretion. The Danish Business Authority receives official financial statements in XBRL format, which are used for both the preliminary and final figures, as well as for troubleshooting the other sources.
Development in solvency for the primary sector
These statistics are based on the existing statistics for agriculture, fisheries and aquaculture.
The main source for compiling the agricultural statistics is accounts data for farms, whose accounts are prepared by accounts offices, which are organized within the SEGES advisory service. The data for the statistics are collected electronically from the accounts system Ø90, where additional and necessary information is supplemented by the accounts offices. In addition to this, accounts data for a small number of enterprises are collected from private accounts offices, which report the data electronically on questionnaires. Another source is the Business Registers maintained by Statistics Denmark. The register forms the basis for determining the population. Information from the Danish Agricultural Agency on the population of organic farms and register-based data on paid-out subsidies are used.
The accounts statistics for fishery is based on obtaining data from the accountants by using a standardized electronic questionnaire. The databases from the Danish Fisheries Agency is the basis for the number of units, grouping of the population and stratification, selection and weighting of the holdings. Statistics Denmark receives information on production, production facilities and ownership of each registered vessel when each years production is counted. These data is used as boundaries for the economic units and workplaces. Another source is logbooks. Registers from The Danish Fisheries Agency are used to investigate each accounts connected to a verification of workplaces- and capital outlays and efforts per vessels in cooperation med DTU-Aqua.
The accounts statistics for aquaculture is based on data from accountants. In addition, data from The Danish Fisheries Agency aquaculture register and the municipalities registers of aquaculture and marine are used. Accounts for the statistics on aquaculture are mainly ending in the period June 30th to December 31th of the previous year.
More information can be found in the documentation of statistics on agriculture, fishery and aquaculture.
On the statistics – documentation, sources and method
See the documentation of statistics to learn more:
The purpose of the present version of accounts statistics for primary industries is to compile statistics on agriculture, fishery and aquaculture which are comparable with accounts statistics on private non-agricultural industries. Furthermore the purpose is to analyze the economics in the primary industries and can be the basis for business policy decisions. In addition to this, accounts statistics also constitute a substantial input for compiling the national accounts. Data is available for 2008 and forward.
The purpose of Accounts statistics is to analyze the activity level and of the structure of the Danish business sector. This means that the statistics should be seen as a primary source of financial data for analytical studies of Danish business enterprises, including data required for the evaluation and conception of Government policies and decisions affecting the business community. Moreover, the accounts statistics are an essential input to the Danish national accounts statistics.
The statistics provides updated information on small and medium-sized enterprises' access to finance in light of the financial crisis. The 2018 statistics is an update of previous surveys covering the periods 2007, 2009/2010 and 2014. To provide the best basis for comparability over time, the survey has been repeated with an almost unchanged contents.