Financial holding companies

2   Financial holding companies1. Profit and loss account 31 December 1996- 2000. Million kroner
  1996   1997   1998   1999   2000
Operating income 1 509 1 147 834 5 657 6 432
Income from ownership stakes in group and assosiated copmanies 1 478 1 147 834 5 646 6 411
Other operating income 31 -   11 21
           
Operating expenses 347 303 293 329 418
Compensations of employees 273 186 176 190 222
Depreciation 31 48 80 151 99
Other operating expenses 43 69 37 -12 97
           
Financial income and financial expenses -34 -14 -80 1 631 -758
Interest income from securities 74 96 122 78 151
Other interest income2 20 49 63 132 62
Dividends on shares, unit trust units, and primary capital certificates, excluding ownership interests - - - 178 27
Interest expenses of securities 153 185 170 185 444
Other interest expenses 128 50 54 113 106
Net profit etc. on financial fixed assets   ..   346 -353
Net profit etc. on financial current assets and foreign exchange 122 66 -33 1 365 -95
Net other financial items 31 10 -8 -170 0
           
Ordinary result before taxes 1 128 830 461 6 959 5 256
           
Taxes on ordinary result 14 23 3 248 1 165
           
Net extraordinary income - - - 42 -
           
Taxes on extraordinary result - - - 12 -
           
Annual profit 1 114 807 458 6 741 4 092
           
Allocations and transfers 1 114 807 458 6 741 4 092
Transfers to dividend 136 136 94 1 912 2 097
Transferred/received group contribution -64 -15 6 1 310 -45
Transferred to/from fund for valuation differences -   - 164 56
Transferred to/from other equity 1 040 688 357 3 356 1 984
1  Figures from 1999 are not directly comparable with earlier figures because of the transition to the new Accounting Act of 1. January 1999.
2  Before 1999 the item also includes dividends on shares etc. in other than subsidary companies.

Explanation of symbols