Income and deductions for companies, 2002

The companies' negative ordinary income amounted to NOK 65 billion. This is NOK 15 billion higher than the previous year. These changes resulted in a reduction in the joint stock companies' total ordinary income of almost 50 per cent from 2001 to 2002. The total ordinary income amounted to NOK 39 billion in 2002.

Decline in entrepreneurial income

The joint-stock companies' decline in ordinary income is mainly due to a decline in entrepreneurial income. Entrepreneurial income was reduced by NOK 12 billion and amounted to NOK 144 billion, while the entrepreneurial deficit increased by NOK 23 billion and amounted to NOK 81 billion.

Split-income companies

Joint-stock companies covered by the split-income model had NOK 16.7 billion in ordinary income, an increase of 4 per cent compared to the previous year. In 2002, the split-income companies accounted for 43 per cent of total ordinary income, compared to 21 per cent in the previous year. Taxable ordinary income increased by NOK 1.4 billion, or 7 per cent. Total calculated personal income for active owners in split-income companies was negative and amounted to NOK 2.1 billion. This is approximately on the same level as in 2001. Positive calculated personal income increased by NOK 600 million and amounted to NOK 7.2 billion. In 2002, one out of three joint-stock companies was covered by the split-income rules.

Capital assets

The taxable value of depreciable capital assets at the end of 2002 was NOK 484¹ billion, an increase of NOK 20¹ billion compared to opening value. The change is mainly due to the year's investments, amounting to NOK 95¹ billion, and depreciation, amounting to NOK 47¹ billion. The greatest share of the investments was in trailers, trucks, cars etc. with NOK 42 billion, or 44¹ per cent of total investments.

About the statistics basis

The statistics is based on data from a sample of 68 428 joint-stock companies. The population consists of 147 443 joint-stock companies, and does not include companies in financial industries, extraction of oil and natural gas, shipping companies and production and distribution of electricity. The expansion of the sample has been possible since a large number of companies have reported their taxation data electronically in fiscal year 2002. For more information about the statistics basis, see About the statistics .

Tables:

• Table 1 Tax return account for joint-stock companies. 2001 and 2002. NOK million
• Table 2 Tax return account for joint-stock companies, by main industry. 2002. NOK million
• Table 3 Tax return account for joint-stock companies where the split-income model applies. 2001 and 2002. NOK million
• Table 4 Fiscal value and depreciation for joint-stock companies, by depreciation groups. 2002. NOK million
• Table 5 Fiscal value of depreciable assets for joint-stock companies by depreciation group and main industry. 2002. Per cent
• Table 6 Calculated personal income for active owners in joint-stock companies. 2001 and 2002. NOK million
• Table 7 Calculated capital yield basis for joint-stock companies. 2002. NOK million