What should the annual accounts contain

• profit and loss account
• balance sheet
• notes to the accounts
  • Notes to the annual accounts must comply with the note references
• annual report (does not apply to small businesses)
• sustainability reporting (only applies to those who are obliged to do so)
  • Who must report on sustainability?
• statement of cash flows (do not apply to small businesses)
• auditor’s report (if the enterprise has auditing obligation)
  • Here you will find more information about waiving audit

The tax return to the Tax Administration will not be approved as annual accounts.

The annual accounts and attached documents will be published. Therefore, you must not enclose documents that contain sensitive information.

If the enterprise is a parent company in a group, the annual accounts must also contain

• profit and loss account for the group
• balance sheet for the group
• notes to the annual accounts for the group
• statement of cash flows for the group (do not apply to small businesses)
• auditor’s report for the group (if the group has auditing obligation)

If the group in its entirety complies with the rules of small businesses, you do not have to prepare and submit consolidated accounts. There are several exemptions to preparation of consolidated accounts. If in doubt, contact an accountant or an auditor.

You must use the correct form for annual accounts. All the attached documents must be clearly legible and you must submit all in one operation.

You also have to enclose a dispensation from the Directorate of Taxes if:

• the annual accounts are not in Norwegian
• the exemption from preparing a separate consolidate accounts has been used, and the parent company is domiciled in another state or EEA-state.