Norwegian Deal Support
SAF-T Financial exports, NGAAP reporting and Brønnøysund filings — handled from the format the target's system already produces.
Discuss a deal Engagement modelsReporting basis
NGAAP (Norwegian GAAP) for most companies; IFRS for listed groups and some larger entities.
We bridge reported local-GAAP figures onto the basis the buyer is underwriting, and show the bridge rather than presenting a restated number without workings.
Ledger data and what we ask for
Starting from the export the target's system already produces means less reconstruction and more analysis.
SAF-T Financial
Norway's mandated standard audit file. An XML document structured as Header, Master Files and General Ledger Entries — giving full transaction-level detail. Version 1.30 became required for accounting periods beginning January 2025.
Ledger systems
Tripletex, Visma, PowerOffice Go and Xledger dominate the SME and mid-market segment.
What we ask for
The SAF-T Financial export first. It gives the same completeness that SIE4 gives us on a Swedish target, so the analysis starts from source rather than from a summary.
Statutory filing
Årsregnskap filed with Brønnøysundregistrene.
We reconcile filed statutory accounts to management reporting early in the engagement, because that is reliably where a buyer's first substantive questions land.
Practical notes
- NGAAP permits some treatments that diverge from IFRS — we bridge onto the buyer's basis rather than presenting NGAAP figures unqualified.
- SAF-T being mandatory means transaction-level data is reliably available on Norwegian targets, which shortens the reconstruction phase.
- CET working hours give full overlap with the Norwegian business day.
What we do on a mandate here
Financial due diligence
Quality of earnings, add-backs and revenue quality, bridged onto the buyer's basis.
Databooks
Built from the native ledger export so schedules tie to source.
Working capital
Peg analysis including the FX layer where local currency meets EUR or USD underwriting.
Vendor assistance
Sell-side packs with statutory-to-management reconciliation prepared in advance.
Norway deal in progress?
Send the ledger export or the data room index. We will confirm scope and timing within one business day.
Book a consult Get the data-request listOr email abhishek.bhandari@zionadvisor.com directly.