311144
/en/bank-og-finansmarked/statistikker/finhold/aar
311144
statistikk
2017-06-12T08:00:00.000Z
Banking and financial markets
en
finhold, Financial holding companies, profit and loss account, balance sheet, utilised loans, securities, bonds, commercial papersFinancial institutions and other financial corporations, Banking and financial markets
true

Financial holding companies

Updated

Next update

Not yet determined

Key figures

132 853

NOK Million in assets for financial holding companies in 2016

Financial holding companies. Key figures. NOK Million
Total
20152016
Corrected 13. juni 2017.
Assets122 666132 853
Investments in subsiduaries100 835106 281
Lans to group and associated companies1 5851 840
Profit/loss on ordinary activities.10 85114 664
Profit/loss8 45314 041
Operating income11 48115 918

See more tables on this subject

Table 1 
Financial holding companies. Profit and loss account. NOK Million

Financial holding companies. Profit and loss account. NOK Million
20122013201420152016
Corrected 13. juni 2017.
 
Operating income10 10911 7899 65511 48115 918
Income from ownership i group- and assosiated companies10 02111 5099 36111 14415 585
Other operating income88280294337333
 
Operating expenses.8531 1298481 0071 063
Personnel costs612670677759912
Depreciation4511951556
Other operating expenses.197341120193144
 
Financial income and expenses-413-551-326376-191
Interest income from securities7959544852
Other interest income(2).19919622016588
Dividends on shares, unit trust and equity certificates, excluding ownership interests3283162133
Interest expenses of securities724622576222106
Other interest expenses252110253402
Net profit etc. on capital assets42-11-1818.
Net profit etc. on short-term investments and currency.1-4-20-4450
Net other financial items-17-15621502-6
 
Profit/loss on ordinary activities.8 84210 1108 48010 85114 664
 
Taxes on ordinary activities2 5842 0334582 397623
 
Net extraordinary income..445...
 
Taxes on extraordinary result00..0.
 
Profit/loss6 2597 6328 0228 45314 041
 
Allocations and transfers6 2597 6328 0228 45314 041
Dividens3 5414 5826 4947 64812 947
Transfered/received group contribution-10-2-1-1-3
Transferred to/from revaluation reserve0....
Transferred to/form other equity.2 7293 0511 5308051 097

Table 2 
Financial holding companies. Balance sheet. NOK Million

Financial holding companies. Balance sheet. NOK Million
20122013201420152016
Corrected 13. juni 2017.
ASSETS
Intangible assets620604533415317
 
Fixed tangible assets21120321120648
 
Capital assets94 00499 73797 786101 125108 607
Investments in subsiduaries93 82399 49597 469100 835106 281
Shares i ltd and gen partnerships1812423171921 960
Shares in securities funds......98196
Bonds........170
 
Loans1 7913 1153 2351 5851 845
Lans to group and associated companies1 7911 7661 7771 5851 840
Other loans..1 3491 457..5
 
Other long term assets1631619..16
Other long term assets in group and assosiated companies111518..
Other long term accounts15211..16
 
Accounts receivable9 25010 9378 8599 95112 842
Short-term claims on group companies9 0801 2658 7399 80812 681
Other short-term claims1719 672119143160
 
Short-term investments1 9601 9891 6842 4312 143
Shares and equity certificates113600
Shares in securities funds15018413172.
Bonds1 4261 6261 5682 1361 937
Certificates etc3281316696186
Financial derivatives5536312820
 
Bank deposits4 5506 1546 4056 9517 035
Banks4 5506 1546 4056 9517 035
Foreign banks......00
 
Cash..1111
 
Total assets112 551122 757118 735122 666132 853
 
Liabilities and equity capital
Equity capital86 65590 71590 63090 55892 841
Deposit capital59 96961 74060 78759 62762 509
Share capital25 03326 05125 53524 36626 233
Premium fund34 93635 69035 25235 26136 276
Retained earnings26 68628 97429 84330 93130 332
Revaluation reserve.....
Other equity.....
 
Provisions for obligations192192210200187
 
Other long-term liabilities17 34317 55717 62318 83623 134
Bonds4 6604 9064 4754 3183 430
Long-term debt to credit institutions11 41011 50213 14914 43219 646
Other long-term debt to group companies440440..8558
Other long-term liabilities834709...
 
Short-term liabilities8 36114 29410 27213 07216 692
Certificates.....
Short-term debt to credit institutions1 3011 928395..
Payable tax etc2 2171 0431061 532114
Transferes to dividend3 5414 5826 4947 64810 455
Other short-term debt to group companies9056 2672 4663 4475 802
Other short-term liabilities397473812445322
 
Total equity and liabilities112 551122 757118 735122 666132 853
 
Spesifications
Number of companies1414131314

Table 3 
Financial holding companies. Holdings of bonds by issuing sector. NOK Million

Financial holding companies. Holdings of bonds by issuing sector. NOK Million
20122013201420152016
Corrected 13. juni 2017.
Total1 4261 6261 5682 1362 107
 
General government86250187268409
Central government..41000
County municipalities00000
Municipalities86209153268409
 
Financial enterprises1 2071 2551 2841 6101 698
State lending institutions00000
Banks8115905689731 039
Mortgage companies396665716637659
Finance companies00000
Unit trust (UK)/Mutual funds (US)00000
Other financial enterprises..........
Life insurance companies etc.......00
Non-life insurance companies....000
Financial auxiliaries00000
 
Non-financial enterprises756197258..
Central government enterprises000740
Other state enterprises......00
Municipal enterprises496174....
Private incorporated companies26..231840
Private non-profit institutions00000
 
Household etc.00000
Quasi-corporated private enterprises (i.e. partnership companies, joint ownweship etc)00000
Private non-profit institutions serving households00000
Unicorporated private enterprises00000
Households of employees00000
Unspecified sector00000
 
Rest of the world5861000

Table 4 
Financial holding companies. Holdings of certificates by issuing sector. NOK Million

Financial holding companies. Holdings of certificates by issuing sector. NOK Million
20122013201420152016
Corrected 13. juni 2017.
Total3281316696186
 
General government16945......
Central government....000
County municipalities00000
Municipalities16945......
 
Financial enterprises2020......
State lending institutions00000
Banks..........
Mortgage companies2020......
Finance companies00000
Unit trust (UK)/Mutual funds (US)00000
Other financial enterprises..........
Life insurance companies etc.......00
Non-life insurance companies....000
Financial auxiliaries00000
 
Non-financial enterprises139656696186
Central government enterprises000..0
Other state enterprises....3800
Municipal enterprises75282896186
Private incorporated companies6436....0
Private non-profit institutions00000
 
Household etc.00000
Quasi-corporated private enterprises (i.e. partnership companies, joint ownweship etc)00000
Private non-profit institutions serving households00000
Unicorporated private enterprises00000
Households of employees00000
Unspecified sector00000
 
Rest of the world....000

Table 5 
Financial holding companies. Total utilized loand by borrower sector. NOK Million

Financial holding companies. Total utilized loand by borrower sector. NOK Million
20122013201420152016
Corrected 13. juni 2017.
Total1 7913 1153 2351 5851 845
 
General government..........
Central government....000
County municipalities00000
Municipalities..........
 
Financial enterprises1 7763 1083 2281 5851 845
State lending institutions00000
Banks7291 02986720339
Mortgage companies......545..
Finance companies00000
Unit trust (UK)/Mutual funds (US)00000
Other financial enterprises802711..1 0201 506
Life insurance companies etc.2251 3492 36100
Non-life insurance companies2020000
Financial auxiliaries00000
 
Non-financial enterprises1567....
Central government enterprises000..0
Other state enterprises......00
Municipal enterprises..........
Private incorporated companies1567..0
Private non-profit institutions00000
 
Household etc.00000
Quasi-corporated private enterprises (i.e. partnership companies, joint ownweship etc)00000
Private non-profit institutions serving households00000
Unicorporated private enterprises00000
Households of employees00000
Unspecified sector00000
 
Rest of the world....000

About the statistics

A financial holding company is characterised as a parent company in or part of a financial group in accordance with the Financial Business Act. Financial holding companies are not financial institutions in the traditional sense. Their role in the financial market is primarily to manage ownership interests in other financial institutions (their subsidiaries).

Definitions

Definitions of the main concepts and variables

Balance sheet: The balance sheet shows assets, liabilities and equity at the end of accounting period.

Profitt and loss account: The profit and loss account shows income, costs and expenses over the course of the accounting period.

Standard classifications

We have four types of classification: instrument, sector, industry and type.

Financial instruments and physical capital
Liabilities, claims and other assets in the balance sheet of the financial institutions are divides into two main groups with a view to providing major uniform groups such as bank lending, funding and deposits.
Debtor and creditor industry
Borrowers and lenders are classified according to institutional sector classification, based on national accounts rules.
Debtor and creditor industry
Based on the rules in the industry standard, the individual financial instruments are grouped according to the debtor's or creditor's industry affiliation.
Types of income and expenses
Including interest income and expenses, are based on national accounts rules.

Administrative information

Name and topic

Name: Financial holding companies
Topic: Banking and financial markets

Responsible division

Division for Financial Corporations

Regional level

Only at national level

Frequency and timeliness

Annual

International reporting

Eurostat

Microdata

Publication-ready data are stored in a FAME-database

Background

Background and purpose

The purpose is to contribute financial accounting data to the credit market statistics and the financial sector balance sheets and the census of foreign assets and liabilities. Statistics Norway's accounts statistics for financial holding companies in Norway contain figures from 1994. Since 1996 the statistics have been based on standardized questionnaires, while the accounting data for 1994 and 1995 are based on information in annual reports.

Users and applications

The statistics are includes in national accounts, financial sectors balances and the census of foreign assets and liabilities.

Equal treatment of users

Not relevant

Coherence with other statistics

The statistics are based on the guidelines in the System of National Accounts (SNA) and the IMF's Manual on Monetary and Financial Statistics.

Legal authority

Act on the supervision on Credit Institutions, Insurance Companies and Securities Trading etc. Statistics Act Section 2-2.

EEA reference

Council regulation (EC) no. 2223/96

Council regulation (EC) no. 1392/2007

Council regulation (EC) no. 1606/2002

Council regulation (EC) no. 297/2008

Production

Population

The population is all financial holding companies in Norway licensed by the Banking, Insurance and Securities Commission.

Data sources and sampling

The statistics are based on accounting data from the enterprises.

The sample is defined by financial holding companies licensed by the Banking, Insurance and Securities Commission.

Collection of data, editing and estimations

Statistics Norway collect the accounting information from the enterprises.

Revision of the Financial holding companies accounting statments are undertaken by Statistics Norway.

Seasonal adjustment

Not relevant

Confidentiality

If there are less than three observations in one cell, numbers will not be published.

Comparability over time and space

The accounts statistics for financial holding companies are, as far as possible, based on current accounting rules. Breaks can therefore occur in connection with changes in accounting legislation.

Accuracy and reliability

Sources of error and uncertainty

Errors and discrepancies can occur in the accounting data. These discrepancies can have a number of sources:

  • Errors in the reporting institutions' accounts
  • Errors in the transfer of data from the institution's primary accounts to recipients
  • Different accounting and evaluation principles
  • Different accounting dates for transactions
  • Insufficient data from the reporting parties
  • Processing errors

Due to large amounts of data and a dynamic control and revision system, published data will be regarded as preliminary until next years data for the same period is published. This means that data for the current year may be revised without this being marked in the preceeding publishing. Large and important revision however, will be commented upon in the publishing of Today's Statistics.

Revision

Not relevant

Contact