One out of two limited companies has no taxable income

Half of all limited companies in Norway had zero or negative ordinary income in 1994. The negative ordinary income totalled NOK 17 billion. By comparison, combined positive and taxable ordinary income totalled around NOK 61 billion that year.

The picture looks somewhat different before deductions for previous years' losses. Just under 65 per cent of the limited companies had positive income then. Around 15 per cent of all limited companies got their positive income for the year reduced to nontaxable ordinary income, as the result of taking deductions for previous years' losses.

In 1994 the limited companies carried forward a total of NOK 27 billion in uncovered losses from previous years. This accounted for 32 per cent of all deductions in tax returns when group and shareholder contributions are kept outside. Deductions for the year's loss subtracted from other business/activities had a 28 per cent share. Interest on debts accounted for 40 per cent of all deductions.

New Statistics

Income distribution survey for limited companies, 1994.
Statistics are published annually in the Weekly Bulletin of Statistics. More information: Ann Cathrin Steen. tel. +47 62 88 51 69, e-mail: ste@ssb.no or Sigrun Kristoffersen, tel. +47 62 88 51 85, e-mail: sek@ssb.no.

Weekly Bulletin is. 44, 1996

Income distribution survey for limited companies, 1994:

One out of two limited companies has no taxable income

Half of all limited companies in Norway had zero or negative ordinary income in 1994. The negative ordinary income totalled NOK 17 billion. By comparison, combined positive and taxable ordinary income totalled around NOK 61 billion that year.

New Statistics

Income distribution survey for limited companies, 1994.Statistics are published annually in the Weekly Bulletin of Statistics. More information: Ann Cathrin Steen. tel. +47 62 88 51 69, e-mail: ste@ssb.no or Sigrun Kristoffersen, tel. +47 62 88 51 85, e-mail: sek@ssb.no.

Income distribution survey for limited companies, 1994.
Statistics are published annually in the Weekly Bulletin of Statistics. More information: Ann Cathrin Steen. tel. +47 62 88 51 69, e-mail: ste@ssb.no or Sigrun Kristoffersen, tel. +47 62 88 51 85, e-mail: sek@ssb.no.