301839
/en/bank-og-finansmarked/statistikker/vpfond/aar
301839
statistikk
2017-09-14T08:00:00.000Z
Banking and financial markets
en
vpfond, Mutual funds, mutual fund shares capital, profit and loss account, balance sheet, stocksSecurities markets , Banking and financial markets
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Mutual funds

Updated

Next update

Not yet determined

Key figures

49 003

NOK million Net Income in 2016

Main figures - Mutual funds. NOK Million
2016
TOTAL ASSETS1 055 456
Mutual fund shares at par value657 593
NET INCOME49 003
Number of mutual funds389

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Table 1 
Mutual funds. Balance sheet by financial instruments. December 31. NOK million

Mutual funds. Balance sheet by financial instruments. December 31. NOK million
2016
Mutual funds. Balance sheet
ASSETS
Equities435 174
Mutual fund shares166 548
Equity certificates1 212
Long-term debt securities367 783
Short-term debt securities49 338
Other assets2 068
Deposits in total33 333
Deposits in domestic banks26 910
Deposits in foreign banks6 423
TOTAL ASSETS1 055 456
LIABILITIES AND EQUITY CAPITAL
Total paid-in equity capital760 316
Mutual fund shares at par value657 593
Premium/discount102 723
Retained earnings289 370
Debt5 770
Tax payable710
Allocated to the mutual fund shares’ holders (for reinvestment in new mutual fund shares)1 765
Other debt3 295
TOTAL LIABILITIES AND EQUITY CAPITAL1 055 456
Number of mutual funds389

Table 2 
Mutual funds. Profit and loss accounts. NOK million

Mutual funds. Profit and loss accounts. NOK million
2016
 
Net Investment Portfolio Income55 231
Interest12 745
Dividend11 440
Net realized gains on securities17 852
Net changes in unrealized gains/losses on securities6 644
Other investment portfolio income and expenses6 551
Net Management Income-5 267
Commision from sale and redemtion of mutual fund shares47
Other income and expenses36
Fixed and variable management fees-5 350
Net Income Before Tax49 964
Tax costs-961
Net Income49 003
Allocation Of Net Income49 003
Allocated for distribution to mutual fund shares’ holders10 322
Net distributed to mutual fund shares’ holders during the year1 172
Transfer to/from retained earnings37 509

Table 3 
Mutual funds. Sum of assets by type of funds. NOK millions.

Mutual funds. Sum of assets by type of funds. NOK millions.
2016
Mutual funds. Balance sheet
TOTAL ASSETS1 055 455
Equity funds532 475
Bond funds309 706
Money market funds97 235
Other bond funds55 193
Hybrid funds55 591
Other funds5 255

Table 4 
Mutual funds. Profit and loss accounts by type of funds. (NOK million).

Mutual funds. Profit and loss accounts by type of funds. (NOK million).
2016
Mutual funds. Profit and loss account
NET INCOME49 002
Equity funds32 372
Bond funds10 229
Money market funds1 885
Other bond funds2 270
Hybrid funds2 032
Other funds214

Table 5 
Mutual funds. Profit and loss accounts, by category of results and by type of funds (NOK million)

Mutual funds. Profit and loss accounts, by category of results and by type of funds (NOK million)
2016
Equity fundsOther funds
Net investment Portfolio Income37 14118 090
Interest1712 727
Dividend11 139301
Net realized gains on securities17 436416
Net changes in unrealized gains/losses on securities6 192452
Other investment portfolio income and expenses2 3564 194
Net Management Income-3 912-1 355
Commision from sale and redemtion of mutual fund shares470
Other income and expenses56-20
Fixed and variable management fees-4 015-1 336
Net Income Before Tax33 22916 736
Tax costs-857-104
Net Income32 37216 630
Allocation Of Net Income32 37216 630
Allocated for distribution to mutual fund shares’ holders410 318
Net distributed to mutual fund shares’ holders during the year381 134
Transfer to/from retained earnings32 3315 178

About the statistics

The statistics cover mutual funds managed by Norwegian fund managers and present information on annual balance sheet and profit and loss accounts of the mutual funds.

Definitions

Definitions of the main concepts and variables

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

Profit and loss account: Shows income and expenses over the course of the calendar year.

Securities: Is often used as a generic term for paper traded on the stock exchange. Along with bearer bonds and shares, these also include certificates, primary capital certificates and unit trust participations.

The financial market statistics has defined into four types of funds: equity funds, bond funds, money market funds and combination funds.

Equity funds: AMS funds, non-restricted equity funds and international funds. Bond funds: government bond funds, ordinary/regular bond funds and international bond funds.

Money market fund: government money market funds, ordinary/regular money market funds and international money market funds.

Combination funds: government combination funds, ordinary/regular combination funds and international combination funds.

Standard classifications

We have three types of classifications: instrument, sector and type:

Financial instruments and fixed assets: liabilities, claims and other assets in the unit trust's balance sheets are divided into main groups with a view to providing uniform groups.

Debtor and creditor sector: In compiling the statistics, the actors are grouped into sectors, primarily by socio-economic function, such as general government, financial enterprises, non-financial enterprises, households and the rest of the world.

Income and expense types: including, inter alia, interest and share dividends, are based on national accounts rules.

Administrative information

Name and topic

Name: Mutual funds
Topic: Banking and financial markets

Responsible division

Division for Financial Markets Statistics

Regional level

Only at the national level

Frequency and timeliness

Annual

International reporting

Not relevant

Microdata

Publication-ready data are stored in a FAME and SAS database.

Background

Background and purpose

The purpose is to contribute accounting data to the financial market statistics and national accounts, and for supervisory and control purposes at the Banking, Insurance and Securities Commission and Norges Bank. Officially, Statistics Norway started the unit trust statistics in 1990. The statistics are based on the cooperation of the Banking, Insurance and Securities Commission, Norges Bank and Statistics Norway. Until 1994 Statistics Norway did the collection, processing, storage and presentation of the data. After 1994 Norges Bank had responsibility for collecting, processing, storage and presentation for unit trusts. Since January 2007 Statistics Norway has had the responsibility for unit trusts. Since 1996 Statistics Norway has published profit and loss figures in addition to previously published annual balance sheets with sector specification of certain financial instruments.

Users and applications

Included in the financial market statistics and national accounts. Major users are professional organizations, Ministry of Finance and Customs, Norges Bank, the Banking, Insurance and Securities Commission and international organizations.

Equal treatment of users

Not relevant

Coherence with other statistics

The statistics are based on the guidelines in the System of National Accounts from 2008 (SNA 2008), European System of Accounts from 2010 (ESA 2010) and the IMF's Manual on Monetary and Financial Statistics.

Legal authority

The Statistics Act § 2-2

EEA reference

Not relevant

Production

Population

The population is all unit trusts licensed by the Banking, Insurance and Securities Commission.

Data sources and sampling

Statistics Norway collects accounting data from all unit trust registered in Norway.

Total census: the statistics contain figures for all unit trusts in Norway.

Collection of data, editing and estimations

For unit trusts, Statistics Norway publishes annual balance sheet figures by financial instrument and type of fund, figures on holdings of securities by debtor sector and type of fund, and participation capital figures at face value by creditor sector. Profit and loss figures have also been published since 1996.

Statistisk Norway control and revise the accounting data against published annual accounts and other consecutive sources.

Seasonal adjustment

Not relevant

Confidentiality

Not relevant

Comparability over time and space

The accounts statistics for unit trusts 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

5.1 Collection and processing errors Errors and discrepancies can occur in accounting data. These discrepancies can have several sources. * Errors in transferring the data from the companies' primary accounts to receiving media Different accounting and estimation principles Different entry times * Incompletely filled out reports from respondents

Not relevant The response rate is 100 per cent.

Not relevant

Revision

Not relevant

Contact

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