Definitions and explanation of terms

Agricultural land:

Assets:

Balance sheet:

Capacity to pay

The percentage capacity to pay

Capitalization thresholds:

Closing balance

Costs

Crops:

Current assets

Debt ratio

Depreciation

Tax accounts

Management accounts

Depreciation rates

The family

Family labour income

Family payment for labour

The farmer

Farm-independent occupations

CAPITALIZATION AND DEPRECIATION IN TAX ACCOUNTS AND MANAGEMENT ACCOUNTS

Fixed assets

Fixed costs

The gross margin

A holding

Investment frequency

Joint operations

Labour

Agricultural or forestry labour provided by previous owners, or by own children aged over 17

Livestock

Long-term liabilities

A man-year

Net conversion return

Net income

Net investments

Net mechanization costs

NOK

The opening balance

Other gainful activities

Output

Own capital

The percentage cut

Productive forest:

Return on labour and own capital

Return on family labour and own capital

The required return on agricultural assets

Root value

Sales of capitalized fixed assets

Savings

Short-term liabilities

Standard output

The sustainable yield

Tax-adjusted return on labour and own capital

Total net income

Unpaid, hired labour:

Valuation:

Variable costs

Working capital