Securities broking enterprises. Profit and loss account. Per 31. December. Million kroner

Securities broking enterprises
1	Securities broking enterprises. Profit and loss account. Per 31. December. Million kroner^1,2

	2003	2004	2005	2006	2007



Operating income	3 727	5 158	8 437	13 802	14 901
Broker commissions equityinstruments	911	1 074	1 654	2 378	2 234
Net trade equityinstruments	148	90	95	118	44
Broker commissions debtinstruments	3	33	43	46	71
Net trade debtinstruments	137	185	285	851	899
Net income marketmaking	95	132	260	218	158
Trade with other financial instruments	3	5	8	123	87
Other broker commissions (gains)	3	3	16	7	8
Income from issues and advisory activity	837	1 311	2 554	4 600	4 726
Management of securities	860	1 289	1 703	2 058	2 380
Other income from investments	472	884	236	538	955
Capital management	110	9	37	14	47
Other operating income	149	142	1 546	2 850	3 292

Operating expenses	2 834	3 233	4 476	8 056	8 901
Personel costs	1 501	1 635	2 504	4 484	5 433
Deprecations etc.	129	80	96	262	154
Operating expenses premises	8	3	6	3	6
Other broker commissions (losses)	11	14	42	33	31
Loss on claims	9	9	18	22	124
Capital management	9	8	6	4	12
Other operating expenses	1 168	1 484	1 806	3 248	3 141

Operating profit	893	1 925	3 961	5 746	6 000

Investment income/charges	-8	-259	-389	-458	-393
Income from participations and subsidiaries³	-1	-4	-31	-35	-39
Share dividend	2	1	3	0	4
Interest income⁴	296	103	143	523	784
Interest charges⁵	172	59	72	197	466
Net gains and value adjustments	4	-70	12	5	-2
Net other investment income/charges⁶	-137	-230	-444	-755	-674

Profit/loss on ordinary activities	884	1 666	3 572	5 287	5 607

Extraordinary income	..	..	..	0	..
Extraordinary expenses	107	109	255	0	0

Tax	219	430	892	1 410	1 533

Profit/loss	558	1 128	2 425	3 877	4 074

Application and transfers	558	1 128	2 425	3 877	4 074
Dividends	248	527	714	1 563	2 322
Submitted/received group contributions	264	594	1 029	1 691	971
Transfered to/from revaluation reserve	-2	14	-19	29	8
Transfered to/from other equity	48	-8	701	594	772

¹Numbers as from 1999 are not comparable with earlier numbers due to a new law for accounting from 01.01.1999.
²Number of enterprises increased due to new rules for securities trading from 1.10.2007
³Before 1999 this item included debt to customers.
⁴Up to 1999, this item included dividends from other than participations.
⁵Before 1999 the item is equal to investments charges to participations.
⁶Before 1999 are interest charges to other than participations and net gains and value adjustments also included in this item.