Income and deductions for companies, 2009

Most of the increase resulted from depreciation of technical installations in buildings; a depreciation group introduced in 2009. Furthermore, limited companies were allowed additional depreciation on investments and improvements on cars, tractors and machinery, which contributed NOK 5 billion to the increase.

Over half without taxable income

Although ordinary income rose by NOK 17 billion in 2009, more than one out of two limited companies had no taxable income. Negative ordinary income fell from NOK 133 billion to NOK 95 billion. Positive ordinary income amounted to NOK 172 billion in 2009.

Entrepreneurial deficit reduced

Entrepreneurial deficit went down by NOK 60 billion, or 30 per cent, compared to 2008. Entrepreneurial income for public owned limited companies slightly increased, while for private owned companies it decreased by NOK 15 billion. Deduction for previous years’ deficit increased by NOK 22 billion, while total assessable income fell by NOK 25 billion from 2008 to NOK 416 billion.

Tables:

• Table 1 Fiscal value and depreciation for limited companies, by depreciation groups. 2009. NOK million
• Table 2 Tax return account for limited companies with and without taxable income. 2009. NOK million
• Table 3 Tax return account for public or private owned limited companies. 2009. NOK million
• Table 4 Tax return account for limited companies. 2008 and 2009. NOK million