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Pension funds, 2003
6 Municipal pension funds. Profit and loss account. NOK Million
1998 1999 2000 2001 2002 2003*
     
Income   
     
Contribution to pension funds 2 724 2 448 2 555 1 700 2 408 2 269
Contribution from employer/enterprise 2 167 2 080 2 153 1 369 1 977 1 878
Deposits from members 208 231 225 233 245 252
Transfers from premium funds 46 2 172 72 143 133
Other contributions 302 135 5 25 43 6
     
Transfers from other pension funds 96 118 119 78 77 76
     
Interest income and dividends 1 348 1 448 1 515 914 957 899
Interest income from deposits 47 89 93 79 124 90
Interest income from bonds 1 082 1 054 1 141 623 704 696
Dividends 80 81 81 24 25 36
Other interest income and dividends 140 224 200 188 103 78
     
Other income 257 1 593 1 718 276 432 1 424
Gains on bonds 33 50 123 51 57 200
Gains on shares 127 339 612 75 72 118
Other income 96 1 203 983 150 304 1 106
     
Transfers form reinsurance premiums .. .. 60 47 .. ..
     
Costs   
     
Administrative expenses 79 104 114 75 79 82
     
Pensions 1 554 1 616 1 655 811 856 851
Old-age pensions 953 904 909 417 443 441
Disability pensions 398 482 510 284 298 290
Matrail pension 191 216 220 102 107 110
Children's pensions 12 14 15 8 8 9
Premium exemption due to disability .. .. 1 0 .. 0
     
Transferred to other pension funds 30 66 484 156 185 89
     
Other expenses 710 361 1 071 759 1 202 373
Losses on securities etc. 534 326 397 319 512 260
Deprecations and value adjustments 163 9 60 0 0 2
Other expenses 14 26 614 440 690 110
     
Reinsurance premiums payable 0 0 0 36 64 1
     
To/from revaluation reserve .. 793 -268 -94 -29 443
     
Bound appropriations 2 147 2 596 2 683 1 406 2 003 2 218
To/from premium reserve 2 141 2 514 2 638 1 437 2 064 2 138
To supplementary depositions .. 68 3 5 -18 47
Interest to premium funds 1 1 24 14 8 4
To/from secutrity funds 5 13 16 -60 2 2
Pensioners share of the surplus fund .. .. .. .. .. 1
Other bound appropriations .. .. 1 10 -53 26
     
Profit/loss before tax -96 71 228 -134 -486 611
     
Tax 1 2 2 -1 11 1
     
Profit/loss -97 69 225 -134 -497 610
     
Transfers -97 69 225 -134 -497 610
To premium funds 1 77 412 40 3 554
To equity and subordinated capital -47 -8 -80 -70 -342 55
Interest on deposited capital 0 0 0 1 1 1
Other transfers -51 .. -107 -104 -158 ..

Explanation of symbols

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