Company categories and size limits
Last updated: 22 November 2024.
In The Accounting Act you will find four separate company categories.
The limits for the various company categories have been changed and apply from the accounting year 2024.
The category comprises companies with accounting obligations or company groups which two years in a row meet at least two of the following three requirements
- the balance sheet total is more than NOK 290 million
- sales revenue is more than NOK 580 million
- have more than 250 man-years
A parent company in a group must estimate the limits on company group level.
The category comprises companies with accounting obligations or company groups which two years in a row meet at least two of the following three requirements:
- The balance sheet total is less than NOK 290 million, but more than NOK 84 million
- Sales revenue is less than NOK 580 million, but more than NOK 168 million
- Have less than 250 man-years, but more than 50 man-years
A parent company in a group must estimate the limits on company group level.
The category comprises companies with accounting obligation or company groups which two years in a row meet at least two of the following three requirements:
- The balance sheet total is less than NOK 84 million, but more than NOK 5 million
- Sales revenue is less than NOK 168 million, but more than NOK 10 million
- Have less than 50 man-years, but more than 10 man-years
A parent company in a group must estimate the limits on company group level.
The category comprises companies with accounting obligations, which two years in a row meet at least two of the following three requirements:
- the balance sheet total is less than NOK 5 million
- sales revenue is less than NOK 10 million
- have less than 10 man-years