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NOTE 8
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INCOME TAXES |
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|
NOK 1 000
|
2013
|
2012
|
|
|
The tax expense comprises:
|
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|
Income tax payable
|
|
1 931
|
|
|
Change in deferred tax
|
146 737
|
- 38 366
|
|
|
Tax concerning prior periods
|
31 736
|
3 122
|
|
|
Tax effect of net rendered group contribution
|
|
69 113
|
|
|
Tax expense
|
178 473
|
35 800
|
|
|
Tax payable in balance sheet
|
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|
NOK 1 000
|
2013
|
2012
|
|
|
Tax payable of the year
|
|
1 931
|
|
|
Tax paid in advance
|
- 1 440
|
||
|
Tax payable from prior years
|
32 228
|
|
|
|
Tax payable in balance sheet
|
32 228
|
492
|
|
|
Reconciliation of nominal to effective tax rate
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|||
|
NOK 1 000
|
2013
|
2012
|
|
|
Profit before tax
|
5 164 811
|
3 664 764
|
|
|
Expected tax expense according to nominal tax rate (28%)
|
1 446 147
|
1 026 134
|
|
|
Non-taxable gain/loss and return on securities
|
- 187 854
|
- 34 861
|
|
|
Unrealised changes in value of securities
|
-1 112 420
|
- 959 693
|
|
|
Adjustment of tax from prior periods
|
31 736
|
3 122
|
|
|
Efffect of change in tax rate
|
- 4 743
|
|
|
|
Tax effect of other permanent differences
|
5 607
|
1 098
|
|
|
Tax expense
|
178 473
|
35 800
|
|
|
Effective tax rate
|
3,5 %
|
1,0 %
|
|
|
|
|
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Deferred tax asset and deferred tax
|
|||
|
NOK 1 000
|
2013
|
2012
|
|
|
Receivables
|
- 6 791
|
- 3 310
|
|
|
Shares and bonds
|
200 624
|
1 285
|
|
|
Tangible assets
|
5 196
|
6 874
|
|
|
Provisions
|
|
- 5 662
|
|
|
Net pensions
|
- 5 556
|
- 19 508
|
|
|
Tax loss to carry forward
|
- 65 419
|
|
|
|
Balance sheet value at 31 Dec, deferred tax benefit (-)/liability
|
128 054
|
- 20 320
|
|
|
Change in net deferred tax recognised in balance sheet
|
|||
|
NOK 1 000
|
2013
|
2012
|
|
|
Balance sheet value at 1 January
|
- 20 320
|
16 903
|
|
|
Charged in period
|
146 737
|
- 38 366
|
|
|
Merged (cf. note 19)
|
- 1 048
|
|
|
|
Tax set-off against total comprehensive income (estimate deviation, pensions)
|
2 685
|
1 143
|
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Balance sheet value at 31 December
|
128 054
|
- 20 320
|
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