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Pension funds, 2006
6 Municipal pension funds. Profit and loss account. NOK Million
2001 2002 2003 2004 2005 2006*
     
Income   
     
Contribution to pension funds 1 700 2 408 2 269 2 465 2 372 2 860
Contribution from employer/enterprise 1 369 1 977 1 878 2 001 1 916 2 164
Deposits from members 233 245 252 268 283 292
Transfers from premium funds 72 143 133 191 168 398
Other contributions 25 43 6 6 5 5
     
Transfers from other pension funds 78 77 76 90 140 324
     
Interest income and dividends 914 957 899 922 910 925
Interest income from deposits 79 124 90 43 42 61
Interest income from bonds 623 704 696 795 760 777
Dividends 24 25 36 44 64 51
Other interest income and dividends 188 103 78 40 44 35
     
Other income 276 432 1 424 1 168 1 832 1 914
Gains on bonds 51 57 200 185 102 64
Gains on shares 75 72 118 308 473 571
Other income 150 304 1 106 675 1 257 1 279
     
Transfers form reinsurance premiums 47 .. .. .. .. ..
     
Costs   
     
Administrative expenses 75 79 82 86 99 98
     
Pensions 811 856 851 952 1 025 1 054
Old-age pensions 417 443 441 503 550 583
Disability pensions 284 298 290 321 326 319
Matrail pension 102 107 110 119 124 126
Children's pensions 8 8 9 10 10 10
Premium exemption due to disability 0 .. 0 .. 14 16
     
Transferred to other pension funds 156 185 89 48 30 78
     
Other expenses 759 1 202 373 468 539 654
Losses on securities etc. 319 512 260 112 76 165
Deprecations and value adjustments 0 0 2 2 12 6
Other expenses 440 690 110 354 451 483
     
Reinsurance premiums payable 36 64 1 1 1 1
     
To/from revaluation reserve -94 -29 443 242 742 659
     
Bound appropriations 1 406 2 003 2 218 2 339 2 092 2 832
To/from premium reserve 1 437 2 064 2 138 2 189 1 884 2 632
To supplementary depositions 5 -18 47 124 177 157
Interest to premium funds 14 8 4 25 28 40
To/from secutrity funds -60 2 2 1 3 2
Pensioners share of the surplus fund .. .. 1 0 .. ..
Other bound appropriations 10 -53 26 .. .. 1
     
Profit/loss before tax -134 -486 611 508 727 648
     
Tax -1 11 1 14 6 4
     
Profit/loss -134 -497 610 493 721 644
     
Transfers -134 -497 610 493 721 644
To premium funds 40 3 554 400 507 456
To equity and subordinated capital -70 -342 55 91 204 152
Interest on deposited capital 1 1 1 3 11 3
Other transfers -104 -158 .. 0 -1 33

Explanation of symbols

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