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251438
Revised financial accounts for 2015
statistikk
2016-09-20T10:00:00.000Z
National accounts and business cycles
en
finsek, Financial accounts, financial investments, households and non-profit organisations, general government, abroad, balance sheets, FINSEFinancial accounts , National accounts and business cycles
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Financial accountsQ2 2016

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Revised financial accounts for 2015

Household lending and investments in unlisted shares in 2015 are revised upwards. At the same time, tax debt is revised upward and investment in pension entitlements downward.

Financial accounts for households. Key figures. Million NOK and percentage
2nd quarter 20153rd quarter 20154th quarter 20151st quarter 20162nd quarter 2016
1Seasonal adjusted
Assets3 928 0333 925 8824 014 4354 050 9714 147 717
Liabilities3 034 6643 053 9553 119 9713 132 3763 213 166
Net financial assets893 369871 927894 464918 595934 551
 
Net lending-6 006-26 977-31812 527-6 844
Other changes22 7935 53522 85511 60422 800
 
Debt to income ratio1224.3226.8230.7233.3236.7
Debt growth (per cent)16.66.46.15.85.8

Updated sources for the financial accounts have led to larger revisions in 2015 than normal. The revised accounts show that household lending and investments in unlisted shares was higher than in previous versions. These investments are revised upwards by a total of NOK 16 billion. The revision is due to updated sources that show higher dividends, loans and shares in 2015. This increase must be seen in connection with higher dividends caused by higher tax on this income from 2016. The preliminary sources indicate that some of the extra dividends received have been reinvested in loans and shares in the companies.

At the same time, tax debt is revised upward and investment in pension entitlements downward. Net lending for the households is therefore not so affected, with just a NOK 5 billion upward revision.

Net lending in the last four-quarter period for the household sector amounted to NOK -22 billion in the second quarter of 2016. This is the same amount as in the first quarter of 2016. The first two quarters of 2016 are characterised by higher borrowing and lower investments in loans and unlisted shares.