Security brokers

1   Security Brokers. Profit and loss account. 31. December 1997-2000. Mill. kroner1
  1997 1998 1999 2000
Operating income 2 988       2 344       3 516       5 209
Broker commissions equityinstruments 1 365 1 128 1 012 1 627
Net trade equityinstruments 86 86 201 150
Broker commissions debtinstruments 11 5 2 1
Net trade debtinstruments 38 40 42 39
Net income marketmaking 157 36 261 113
Trade with other financial instruments 12 14 11 74
Other broker commissions (gains) 4 7 11 17
Income from issues and advisory activity 1 091 672 1 177 1 869
Management of securities 79 134 431 800
Other income from investments 24 19 50 374
Capital management 95 49 32 33
Other operating income 26 154 286 111
         
Operating expenses 1 458 1 628 2 048 3 107
Personnel costs 1 019 1 039 1 057 1 532
Deprecations etc. 31 44 76 110
Operating expenses premises 9 9 45 13
Other broker commissions (losses) 27 47 39 68
Loss on claims 12 91 17 41
Capital management - 5 2 7
Other operating expenses 360 393 812 1 336
         
$Operating profit 1 530 716 1 468 2 102
         
Investment income/charges -364 -188 -336 -323
Income from participations and subsidiaries 3 6 16 82
Share dividend .. .. 11 3
Interest income 84 121 162 281
Interest charges .. .. -77 -169
Net gains and value adjustments .. .. -11 -2
Net other investment income/charges -451 -315 -437 -519
         
$Profit/loss on ordinary activities 1 166 528 1 132 1 779
         
Extraordinary income - 0 8 11
Extraordinary expenses 209 180 165 216
         
Tax 186 118 323 494
         
$Profit/loss 771 230 653 1 080
         
Application and transfers 771 230 653 1 080
Dividends 222 183 391 616
Submitted/received group contributions 348 140 275 316
Transfered to/from revaluation reserve - - 6 4
Transfered to/from other equity 201 -93 -19 144
1  Tallene fra og med 1999 er ikke direkte sammenlignbare med tidligere tall grunnet overgang til ny regnskapslov 1. januar 1999.
2  Før 1999 er posten satt lik finansinntekter fra konsern.
3  Før 1999 inneholder denne posten utbytte fra andre enn konsernselskaper.
4  Før 1999 er posten satt lik finanskostnader til konsern.
5  Før 1999 er også rentekostnader til andre enn konsernselskaper samt netto gevinster mv. inkludert i denne posten.

Explanation of symbols