Statistical presentation

Data description

The data covers the yearly activity of the finance companies through:

• additions during the year and outstanding amounts at the end of the year of leases, factoring and other kinds of lending
• the sectors aggregated profit and loss account
• the sectors balance sheet.

Classification system

The statistics follows the Danish Industrial Classification.

Sector coverage

The statistics include industries that are included in the financial sector.

Statistical concepts and definitions

Blank credit: Unsecured loans not connected to a credit card.

Factoring: Factoring is financial arrangements where the enterprise transfers the management and collecting of its receivables to the finance company.

Financial leasing: Financial leasing is an arrangement in which lessor(the leasing company) provides lessee with a loan to purchase a durable good where all risks and rewards of the ownership are transferred to lessee (de facto not de jure) in a predetermined period, which typically covers all or most of the economic lifetime of the good. The lessors role is hereby pure financial. The good is shown as a tangible fixed asset in the balance sheet of the lessee, if lessee is a producer. Otherwise it is considered as a consumer durable and will be part of final consumption expenditure. In lessors balance account an outstanding loan is imputed with a principal that equals the purchasers price of the leased good plus transfer costs if any. Payments of rental are devided into a) repayment of principal and b) interest.

Secured credit: A loan which is backed by assets belonging to the borrower in order to decrease the risk assumed by the lender - does not include financial leasing.

Credit and account cards: Lending connected to a credit and account cards - secured or unsecured.

Statistical unit

The statistic is published for legal entities by their CVR-number in Statistics Denmark's Business Registers.

Statistical population

The reporting population consists of Finance Companies. This refers to companies which provide leases, consumer credit and other kinds of financing. Companies which accept deposits are not included.

Reference area

Denmark.

Time coverage

The statistic covers the time period from 2001 and onwards.

Base period

Not relevant for these statistics.

Unit of measure

DKK Million.

Reference period

End of year

Frequency of dissemination

Yearly.

Legal acts and other agreements

Section 8 of the Act on Statistics Denmark. Council Regulation (EC) No 2223/96 of 25 June 1996 on the European system of national and regional accounts in the Community.

Cost and burden

Less than 0,05 full years work for one person.

Comment

Additional information is available by contacting Statistics Denmark.