Income and deductions for companies, 2003

About half of the joint-stock companies had positive ordinary income or taxable income. Joint-stock companies in real estate and business activities had the greatest increase in taxable income compared to the fiscal year 2002. The taxable income increased by NOK 1.9 billion for this industry. In manufacturing, mining and quarrying the taxable income was reduced by NOK 1.3 billion in the same period.

Without taxable income

Half of the joint-stock companies were without taxable income in 2003. In other words, their ordinary income was negative or nil. Total negative ordinary income was NOK 56 billion in 2003, compared to NOK 65 billion the previous year. Companies in transport and communication amounted for NOK 7.9 billion of the total reduction in negative ordinary income.

Assessable incomes

Total assessable incomes increased by NOK 4 billion compared to 2002. Entrepreneurial income amounted to NOK 145 billion, about the same as in 2002. The companies' capital income was reduced by NOK 8 billion, to NOK 66 billion, while received intra-group contributions increased by NOK 11 billion, to NOK 56 billion.

Deductions in income

The companies had a reduction in the entrepreneurial deficit of close to NOK 12 billion compared to the assessment of 2002. Interest paid was reduced by NOK 11 billion. This lead to a reduction in deductions of NOK 22 billion compared to 2002. In addition, deduction for deficit from previous years reduced the income by NOK 26 billion, and paid intra-group contribution reduced the income by NOK 57 billion.

Capital assets

The taxable value of depreciable capital assets at the end of 2003 was NOK 491 billion. This was an increase of NOK 5 billion during the year. Investments amounted to NOK 85 billion. Taxable value of investments in trailers, trucks, cars etc. amounted to NOK 37 billion, or almost half of total investments.

The year's total depreciation was NOK 56 billion. This was NOK 9 billion more than in 2002.

Personal income

Less than one out of three active owners had positive personal income in 2003. The positive personal income was approximately on the same level as the year before, and amounted to NOK 7 billion. Negative personal income was NOK 10 billion, an increase of 8 per cent compared to 2002. Thus, total calculated personal income for active owners was negative, and amounted to NOK 3 billion.

About the statistics basis

The statistics is based on assessment data from a sample of 75 824 joint-stock companies. The population consists of 149 316 joint-stock companies, but does not include companies in financial industries, extraction of oil and natural gas, shipping companies and production and distribution of electricity. For more information about the statistics basis, see About the statistics .

Tables:

• Table 1 Tax return account for joint-stock companies. 2002 and 2003. NOK million
• Table 2 Fiscal value and depreciation for joint-stock companies, by depreciation groups. 2003. NOK million
• Table 3 Calculated personal income for active owners in joint-stock companies. 2002 and 2003. NOK million