Allocations /periodandyear/help/taxation/impersonal/allocations section 2024-09-12T19:33:52+02:00 # Allocations In **Year-end closing - Information and tax - Allocations**, you will find what you need to be able to dispose this year\'s accounting result. The functions for allocations are based on the main regulations in accounting and share legislation. Dividend /periodandyear/help/taxation/impersonal/allocations/dividend-no section 2024-09-12T19:33:52+02:00 # Dividend A limited company can distribute the values ​​they earn in various ways. A common way to do this is by distributing dividends to shareholders. When a limited company does this, a distinction is made between three different forms of dividends. Read more about the different types of dividends below. Ordinary dividend /periodandyear/help/taxation/impersonal/allocations/dividend-no/ordinary-dividend-no page 2024-09-12T19:33:52+02:00 # Ordinary dividend The calculation of the maximum dividend is a calculation that is made before the board\'s decision. The Companies Act sets limits on what can be distributed as dividends and group contributions, cf. sections 8-1 and 8-5. Under **Allocations**and the tab **Ordinary**, section **Deductions/adjustments**, you can enter any amount that will be deducted/adjusted in the calculation model. All fields except **Other disp. after the balance sheet date within the maximum dividend** shall be entered with a positive amount. The signs in front of the text on the line indicate the consequence for the total **Deductions/adjustments**. In the field **Custom allocation**, the actual amount to be allocated as a dividend, is entered. If it is appropriate to allocate the maximum dividend, the option **Maximum dividend** is selected, and the system calculates this amount based on the assumptions that may exist on the above fields under **Deductions/adjustments**. If there is no allocation for ordinary dividend, the option **No allocation** is selected. The model shows a maximum dividend basis, but it must be specified that the company can only distribute dividends as far as after the distribution it has a sound equity and liquidity, cf. section 8-1, 4th ledd and 3-4 of the Companies Act.

Regardless of what you submit as a distributed dividend, it is important that you have clarified this with the company's board.

## \- Own shares at face value : According to the wording of Section 8-1, second paragraph of the Companies Act, deductions shall be made for the nominal value of own shares acquired before the balance sheet date. \- Credit and pledge of assets to shareholders : There shall be deductions for credit and pledge of assets to shareholders. \+ Credit and pledge of assets settled before decision date : No deductions shall be made for credit and pledge of assets that has been repaid or settled before the decision date. An amount in this field will therefore reduce the amount registered in the field for **Credit and pledge of assets to shareholders**. \+ Credit to shareholders which is netting if dividends : There shall be no deductions for credit and pledge of assets that will be settled upon settlement in the dividend. An amount in this field will therefore reduce the amount registered in the field for **Credit and pledge of assets to shareholders**. +/- Other disp. after the balance sheet date within the maximum dividend : A deduction shall be made for other disposals after the balance sheet date which, according to the law, must be within the limits of the funds that the company may use for the distribution of dividends. Examples of this may be capital changes that have taken place after the balance sheet date. Section 8-1 of the Companies Act, 1st paragraph, last sentence states that \"it is the registered share capital at the time of decision to be taken into account\". : This means that a capital increase after the balance sheet date registered at the decision date will reduce the dividend basis and consequently increase the total deductions / adjustments. In such a situation, the amount corresponding to the capital increase for the share capital is added as a positive amount. : In the opposite, a capital reduction after the balance sheet date, which is registered at the time of decision, will increase the dividend basis. This capital reduction is then registered on the line with a negative amount. Additional/extraordinary dividend /periodandyear/help/taxation/impersonal/allocations/dividend-no/additional-dividend-no page 2024-09-19T15:50:46+02:00 # Additional/extraordinary dividend ## Additional dividend Additional dividends use the following two accounts: - 8922 Additional dividend - 2801 Provisioned additional dividend Account **8922 Supplementary dividend** shall contain all additional dividends in the financial year based on the previous year\'s annual accounts. Account **2801 Provisioned additional dividend** shall contain the part of additional dividend that has not been paid at the end of the year. There are several different ways to register additional dividends: 1. Entries directly in the financial system 2. Registration of data in the menu for additional dividends and extraordinary dividends When registering data in the registration picture for additional dividends and extraordinary dividends, it is only possible to increase the amount from what has been accounted for. If it is desirable to reduce the amount if there is an excessive amount on account **8922 Additional dividend**, an entry must be made in the financial system that reduces the amount, possibly a manual additional entry. The entry is made Debit **2050 Other equity** and credit **8922 Additional dividend**. ### Paid before the balance sheet date The column already posted shows the amount on the disposition account **8922 Additional dividend** less what has not been paid, additional dividend due on account **2801 Provisioned additional dividend**. If the additional dividend paid has been entered directly against equity, you can register amounts in **Desired amount column (if higher)**. This will provide an automatic system posting with the difference between the already booked amount and the desired amount Debit **8922 Additional dividend** credit **2050 Other equity**. ### Provisioned on or after the balance sheet date The column already posted shows the amount of allocated additional dividend on account **2801 Provisioned additional dividend**. If an additional dividend has been approved that has not been paid on the balance sheet date, this can be registered in **Desired amount (if higher)**. This will provide an automatic system posting with the difference between the already booked amount and the desired amount Debit **8922 Additional dividend** credit **2801 Provisioned additional dividend**.

When registering data in the registration screen for additional dividends and extraordinary dividends, it is only possible to increase the amount from what has been accounted for.

If it is desirable to reduce the amount if there is an excessive amount on account **8922 Additional dividend**, an entry must be made in the financial system that reduces the amount, possibly a manual additional entry. The entry is made Debit**2801 Provisioned additional dividend** and credit **8922 Additional dividend**. ### The column Hereof after the balance sheet date If part or all of the amount under Provisions on or after the balance sheet date applies to additional dividends decided after the balance sheet date, the amount is registered in the column to the right. This amount shall not exceed the amount set aside on or after the balance sheet date. ## Extraordinary dividend Extraordinary dividend uses the following two accounts: - 8923 Extraordinary dividend - 2802 Provisioned extraordinary dividend Account **8923 Extraordinary dividend** shall contain all extraordinary dividend in the financial year based on the previous year\'s annual accounts. Account **2802 Provisioned extraordinary dividend** shall contain the part of extraordinary dividend that has not been paid at the end of the year. There are several different ways to register extraordinary dividends: 1. Entries directly in the financial system 2. Registration of data in the menu for additional dividends and extraordinary dividends When registering data in the registration screen for additional dividends and extraordinary dividends, it is only possible to increase the amount from what has been accounted for. If it is desirable to reduce the amount if there is an excessive amount on account **8923 Extraordinary dividend**, an entry must be made in the financial system that reduces the amount, possibly a manual additional entry. The entry is made Debit **2050 Other equity** and credit **8923 Extraordinary dividend**. ### Paid before the balance sheet date The column already posted shows the amount on disposition account **8923 Extraordinary dividend** less what has not been paid, extraordinary dividend due on account **2802 Provisioned extraordinary dividend**. If the paid extraordinary dividend has been entered directly against equity, you can register the amount in **Desired amount (if higher)**. This will provide an automatic system posting with the difference between the already booked amount and the desired amount Debit **8923 Extraordinary dividend** credit **2050 Other equity**. ### Provisioned on or after the balance sheet date The column already posted shows the amount of allocated extraordinary dividend on account **2801 Provisioned extraordinary dividend**. If an extraordinary dividend has been approved that has not been paid on the balance sheet date, this can be registered in **Amount desired (if higher)**. This will provide an automatic system posting with the difference between the already booked amount and the desired amount Debit **8923 Extraordinary dividend** credit **2802 Provisioned extraordinary dividend**.

When registering data in the registration screen for additional dividends or extraordinary dividends, it is only possible to increase the amount from what has been accounted for.

If it is desirable to reduce the amount if there is an excessive amount on account 8922 Extraordinary dividend, an entry must be made in the financial system that reduces the amount, possibly a manual additional entry. The entry is made Debit **2802 Provisioned extraordinary dividend** and credit **8923 Extraordinary dividend**. Group contribution /periodandyear/help/taxation/impersonal/allocations/group-contribution-no page 2024-09-12T19:33:52+02:00 # Group contribution Group contribution should be completed and submitted with the new tax return for businesses. for companies that receive and give group contributions. Follow the steps below to create group contributions. 1. Click the **New group contribution** icon in the upper right corner of the page to create a new group contribution. 2. Select type of group contribution: **Received group contribution** or **Give group contribution**. An entry is created in a separate tab. 3. Fill in the relevant fields under **Company Information**, and enter the **Affiliation** and **Treatment rule** for the group contribution. Register the specific group contribution in fields with or without tax effect.

On basis of the chosen affiliation and treatment rule, will Period & Year create an automatic system voucher for the group contribution.

You can delete a group contribution by clicking the **Delete group contribution** bottom of each tab. The first tab shows an **Overview**of created group contributions, grouped by whether the group contribution has been received or given. See the previous guidelines to [RF-1206 Group contribution](https://www.skatteetaten.no/globalassets/skjema/2021/rf-1206b.pdf) or [Items, fields and subjects in new tax return for businesses](https://www.skatteetaten.no/bedrift-og-organisasjon/skatt/skattemelding-naringsdrivende/ny-skattemelding/poster-felter-og-temaer/) for more information. Postings /periodandyear/help/taxation/impersonal/allocations/postings-no page 2024-09-12T19:33:52+02:00 # Postings In the menu **Postings**, you can decide how you want to allocate the company\'s result. The values are automatically recorded and displayed in the menu **Allocated result**. When allocating the result, it is basically covered from other equity up to NOK 0. The remaining part is carried as a loss to uncovered losses. There is no automation in clearing the balance for share premium and other paid-in capital, but in this picture under **Deficits**, you can check for **Other paid-in capital** and/or **Share premium**. The relevant amount will then be offset against any uncovered loss. The closing entry, **Change in equity** is updated automatically. Allocation of result /periodandyear/help/taxation/impersonal/allocations/allocation-of-result page 2024-09-19T15:50:46+02:00 # Allocation of result Under **Allocation of result**, all allocation lines are displayed with the option to adjust values if you want a different presentation than what the system automatically suggests. When doing an adjustment, the system will automatically make a system voucher on the relevant 89XX accounts for the allocation lines where the adjustment is made. The **Adjustment** column must always go to zero. The result of the allocation of results are displayed under **Tax calculation** - [**Allocation of result**](/periodandyear/help/taxation/impersonal/tax-calculation/allocation-of-result-display).