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Key figures
161 851
NOK million in assets for financial holding companies in 2019
Total | ||
---|---|---|
2018 | 2019 | |
Assets | 145 021 | 161 851 |
Investments in subsiduaries | 113 061 | 118 593 |
Loans to group and associated companies | 2 481 | 2 248 |
Profit/loss on ordinary activities. | 20 067 | 34 916 |
Profit/loss | 19 618 | 34 613 |
Operating income | 21 229 | 34 254 |
See selected tables from this statistics
Table 1
Financial holding companies. Profit and loss account. NOK Million
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Operating income | 11 481 | 15 918 | 24 371 | 21 229 | 34 254 |
Income from ownership i group- and assosiated companies | 11 144 | 15 585 | 23 306 | 20 860 | 33 811 |
Other operating income | 337 | 333 | 1 065 | 369 | 443 |
Operating expenses. | 1 007 | 1 063 | 1 002 | 928 | 996 |
Personnel costs | 759 | 912 | 852 | 872 | 837 |
Depreciation | 55 | 6 | 5 | 6 | 1 |
Other operating expenses. | 193 | 144 | 145 | 51 | 158 |
Financial income and expenses | 376 | -191 | -321 | -233 | 1 658 |
Interest income from securities | 48 | 52 | 43 | 43 | 55 |
Other interest income(2). | 165 | 88 | 81 | 81 | 163 |
Dividends on shares, unit trust and equity certificates, excluding ownership interests | 162 | 133 | 169 | 38 | 32 |
Interest expenses of securities | 222 | 106 | 84 | 80 | 89 |
Other interest expenses | 253 | 402 | 478 | 541 | 696 |
Net profit etc. on capital assets | 18 | .. | 25 | 20 | 15 |
Net profit etc. on short-term investments and currency. | -44 | 50 | -14 | -76 | 2 177 |
Net other financial items | 502 | -6 | -62 | 282 | 0 |
Profit/loss on ordinary activities. | 10 851 | 14 664 | 23 047 | 20 067 | 34 916 |
Taxes on ordinary activities | 2 397 | 623 | 694 | 453 | 303 |
Net extraordinary income | .. | .. | 1 | 0 | 0 |
Taxes on extraordinary result | 0 | .. | 0 | -3 | 0 |
Profit/loss | 8 453 | 14 041 | 22 354 | 19 618 | 34 613 |
Allocations and transfers | 8 453 | 14 041 | 22 354 | 19 618 | 34 613 |
Dividens | 7 648 | 12 947 | 13 031 | 15 028 | 16 037 |
Transfered/received group contribution | -1 | -3 | .. | 1 469 | 2 706 |
Transferred to/from revaluation reserve | . | . | . | . | . |
Transferred to/form other equity. | 805 | 1 097 | 9 323 | 3 121 | 15 870 |
Table 2
Financial holding companies. Balance sheet. NOK Million
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
ASSETS | |||||
Intangible assets | 415 | 317 | 212 | 134 | 137 |
Fixed tangible assets | 206 | 48 | 43 | 36 | 45 |
Capital assets | 101 125 | 108 607 | 109 501 | 113 667 | 119 112 |
Investments in subsiduaries | 100 835 | 106 281 | 106 983 | 113 061 | 118 593 |
Shares i ltd and gen partnerships | 192 | 1 960 | 2 183 | 343 | 191 |
Shares in securities funds | 98 | 196 | 164 | 123 | 187 |
Bonds | .. | 170 | 170 | 140 | 140 |
Loans | 1 585 | 1 845 | 1 015 | 2 493 | 2 253 |
Lans to group and associated companies | 1 585 | 1 840 | 1 010 | 2 481 | 2 248 |
Other loans | .. | 5 | 5 | 12 | 5 |
Other long term assets | .. | 16 | 7 | 7 | 361 |
Other long term assets in group and assosiated companies | .. | .. | .. | .. | 13 |
Other long term accounts | .. | 16 | 7 | 7 | 348 |
Accounts receivable | 9 951 | 12 842 | 21 622 | 17 160 | 31 599 |
Short-term claims on group companies | 9 808 | 12 681 | 21 499 | 16 976 | 31 426 |
Other short-term claims | 143 | 160 | 124 | 184 | 173 |
Short-term investments | 2 431 | 2 143 | 1 399 | 1 904 | 3 307 |
Shares and equity certificates | 0 | 0 | 3 | 22 | 44 |
Shares in securities funds | 172 | .. | .. | 43 | 3 260 |
Bonds | 2 136 | 1 937 | 1 333 | 1 780 | . |
Certificates etc | 96 | 186 | 47 | 50 | . |
Financial derivatives | 28 | 20 | 16 | 9 | 3 |
Bank deposits | 6 951 | 7 035 | 5 923 | 9 617 | 5 035 |
Banks | 6 951 | 7 035 | 5 923 | 9 617 | 5 001 |
Foreign banks | 0 | 0 | 0 | 0 | 35 |
Cash | 1 | 1 | 0 | 0 | 0 |
Total assets | 122 666 | 132 853 | 139 725 | 145 021 | 161 851 |
Liabilities and equity capital | |||||
Equity capital | 90 558 | 92 841 | 98 965 | 101 480 | 112 827 |
Deposit capital | 59 627 | 62 509 | 60 650 | 65 345 | 65 126 |
Share capital | 24 366 | 26 233 | 23 514 | 27 562 | 27 126 |
Premium fund | 35 261 | 36 276 | 37 136 | 37 783 | 38 001 |
Retained earnings | 30 931 | 30 332 | 38 316 | 36 135 | 47 701 |
Revaluation reserve | . | . | . | . | . |
Other equity | . | . | . | . | . |
Provisions for obligations | 200 | 187 | 191 | 180 | 192 |
Other long-term liabilities | 18 836 | 23 134 | 26 299 | 27 169 | 31 203 |
Bonds | 4 318 | 3 430 | 3 003 | 3 056 | 2 491 |
Long-term debt to credit institutions | 14 432 | 19 646 | 23 233 | 24 049 | 28 646 |
Other long-term debt to group companies | 85 | 58 | 54 | 54 | 54 |
Other long-term liabilities | .. | .. | 9 | 10 | 11 |
Short-term liabilities | 13 072 | 16 692 | 14 270 | 16 192 | 17 630 |
Certificates | . | . | . | . | . |
Short-term debt to credit institutions | . | . | . | . | . |
Payable tax etc | 1 532 | 114 | 140 | 139 | 166 |
Transferes to dividend | 7 648 | 10 455 | 13 030 | 15 028 | 16 037 |
Other short-term debt to group companies | 3 447 | 5 802 | 614 | 653 | 976 |
Other short-term liabilities | 445 | 322 | 486 | 371 | 451 |
Total equity and liabilities | 122 666 | 132 853 | 139 725 | 145 021 | 161 851 |
Spesifications | |||||
Number of companies | 13 | 14 | 12 | 14 | 13 |
Table 3
Financial holding companies. Holdings of bonds by issuing sector. NOK Million
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Total | 2 136 | 2 107 | 1 503 | 1 920 | 140 |
General government | 268 | 409 | 182 | 461 | 0 |
Central government | .. | .. | .. | 128 | 0 |
County municipalities | 0 | 0 | 0 | 0 | 0 |
Municipalities | 268 | 409 | 182 | 333 | 0 |
Financial enterprises | 1 610 | 1 698 | 1 240 | 1 321 | 140 |
State lending institutions | 0 | 0 | 0 | 0 | 0 |
Banks | 973 | 1 039 | 865 | 985 | 140 |
Mortgage companies | 637 | 659 | 375 | 326 | 0 |
Finance companies | .. | .. | .. | .. | 0 |
Unit trust (UK)/Mutual funds (US) | 0 | 0 | 0 | 0 | 0 |
Other financial enterprises | .. | .. | .. | .. | 0 |
Life insurance companies etc. | .. | .. | .. | .. | 0 |
Non-life insurance companies | .. | .. | .. | 10 | .. |
Financial auxiliaries | 0 | 0 | 0 | 0 | 0 |
Non-financial enterprises | 258 | .. | .. | .. | 0 |
Central government enterprises | 74 | 0 | 0 | 0 | 0 |
Other state enterprises | 0 | 0 | 0 | 0 | 0 |
Municipal enterprises | .. | .. | .. | .. | 0 |
Private incorporated companies | 184 | .. | .. | .. | 0 |
Private non-profit institutions | 0 | 0 | 0 | 0 | 0 |
Household etc. | .. | .. | .. | .. | .. |
Quasi-corporated private enterprises (i.e. partnership companies, joint ownweship etc) | .. | .. | .. | .. | .. |
Private non-profit institutions serving households | 0 | 0 | 0 | 0 | 0 |
Unicorporated private enterprises | 0 | 0 | 0 | 0 | 0 |
Households of employees | 0 | 0 | 0 | 0 | 0 |
Unspecified sector | 0 | 0 | 0 | 0 | 0 |
Rest of the world | .. | .. | 81 | 137 | 0 |
Table 4
Financial holding companies. Holdings of certificates by issuing sector. NOK Million
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Total | 96 | 186 | 47 | 50 | .. |
General government | .. | .. | .. | .. | 0 |
Central government | .. | .. | .. | .. | 0 |
County municipalities | 0 | 0 | 0 | 0 | 0 |
Municipalities | .. | .. | .. | .. | 0 |
Financial enterprises | .. | .. | .. | .. | .. |
State lending institutions | 0 | 0 | 0 | 0 | 0 |
Banks | .. | .. | .. | .. | .. |
Mortgage companies | .. | .. | .. | .. | 0 |
Finance companies | .. | .. | .. | .. | 0 |
Unit trust (UK)/Mutual funds (US) | 0 | 0 | 0 | 0 | 0 |
Other financial enterprises | .. | .. | .. | .. | 0 |
Life insurance companies etc. | .. | .. | .. | .. | 0 |
Non-life insurance companies | .. | .. | .. | .. | .. |
Financial auxiliaries | 0 | 0 | 0 | 0 | 0 |
Non-financial enterprises | 96 | 186 | 47 | 50 | 0 |
Central government enterprises | .. | 0 | 0 | 0 | 0 |
Other state enterprises | 0 | 0 | 0 | 0 | 0 |
Municipal enterprises | 96 | 186 | 47 | 50 | 0 |
Private incorporated companies | .. | .. | .. | .. | 0 |
Private non-profit institutions | 0 | 0 | 0 | 0 | 0 |
Household etc. | .. | .. | .. | .. | .. |
Quasi-corporated private enterprises (i.e. partnership companies, joint ownweship etc) | .. | .. | .. | .. | .. |
Private non-profit institutions serving households | 0 | 0 | 0 | 0 | 0 |
Unicorporated private enterprises | 0 | 0 | 0 | 0 | 0 |
Households of employees | 0 | 0 | 0 | 0 | 0 |
Unspecified sector | 0 | 0 | 0 | 0 | 0 |
Rest of the world | .. | .. | .. | .. | 0 |
Table 5
Financial holding companies. Total utilized loand by borrower sector. NOK Million
2015 | 2016 | 2017 | 2018 | 2019 | |
---|---|---|---|---|---|
Total | 1 585 | 1 845 | 1 015 | 2 493 | 2 253 |
General government | .. | .. | .. | .. | 0 |
Central government | .. | .. | .. | .. | 0 |
County municipalities | 0 | 0 | 0 | 0 | 0 |
Municipalities | .. | .. | .. | .. | 0 |
Financial enterprises | 1 585 | 1 845 | 999 | 2 460 | 2 248 |
State lending institutions | 0 | 0 | 0 | 0 | 0 |
Banks | 20 | 339 | 238 | 368 | 1 998 |
Mortgage companies | 545 | .. | .. | 1 631 | 0 |
Finance companies | .. | .. | 15 | 24 | 0 |
Unit trust (UK)/Mutual funds (US) | 0 | 0 | 0 | 0 | 0 |
Other financial enterprises | 1 020 | 1 506 | 745 | 47 | 0 |
Life insurance companies etc. | .. | .. | .. | 35 | 0 |
Non-life insurance companies | .. | .. | .. | 354 | 250 |
Financial auxiliaries | 0 | 0 | 0 | 0 | 0 |
Non-financial enterprises | .. | .. | 16 | 33 | 0 |
Central government enterprises | .. | 0 | 0 | 0 | 0 |
Other state enterprises | 0 | 0 | 0 | 0 | 0 |
Municipal enterprises | .. | .. | .. | .. | 0 |
Private incorporated companies | .. | .. | 16 | 33 | 0 |
Private non-profit institutions | 0 | 0 | 0 | 0 | 0 |
Household etc. | .. | .. | .. | .. | 5 |
Quasi-corporated private enterprises (i.e. partnership companies, joint ownweship etc) | .. | .. | .. | .. | 5 |
Private non-profit institutions serving households | 0 | 0 | 0 | 0 | 0 |
Unicorporated private enterprises | 0 | 0 | 0 | 0 | 0 |
Households of employees | 0 | 0 | 0 | 0 | 0 |
Unspecified sector | 0 | 0 | 0 | 0 | 0 |
Rest of the world | .. | .. | .. | .. | 0 |
About the statistics
A financial holding company is characterised as a parent company in or part of a financial group in accordance with the Financial Business Act. Financial holding companies are not financial institutions in the traditional sense. Their role in the financial market is primarily to manage ownership interests in other financial institutions (their subsidiaries).
Definitions
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Balance sheet: The balance sheet shows assets, liabilities and equity at the end of accounting period.
Profitt and loss account: The profit and loss account shows income, costs and expenses over the course of the accounting period.
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We have four types of classification: instrument, sector, industry and type.
- Financial instruments and physical capital
- Liabilities, claims and other assets in the balance sheet of the financial institutions are divides into two main groups with a view to providing major uniform groups such as bank lending, funding and deposits.
- Debtor and creditor industry
- Borrowers and lenders are classified according to institutional sector classification, based on national accounts rules.
- Debtor and creditor industry
- Based on the rules in the industry standard, the individual financial instruments are grouped according to the debtor's or creditor's industry affiliation.
- Types of income and expenses
- Including interest income and expenses, are based on national accounts rules.
Administrative information
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Name: Financial holding companies
Topic: Banking and financial markets
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Division for Financial Markets Statistics
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Only at national level
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Annual
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Eurostat
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Publication-ready data are stored in a FAME-database
Background
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The purpose is to contribute financial accounting data to the credit market statistics and the financial sector balance sheets and the census of foreign assets and liabilities. Statistics Norway's accounts statistics for financial holding companies in Norway contain figures from 1994. Since 1996 the statistics have been based on standardized questionnaires, while the accounting data for 1994 and 1995 are based on information in annual reports.
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The statistics are includes in national accounts, financial sectors balances and the census of foreign assets and liabilities.
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Not relevant
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The statistics are based on the guidelines in the System of National Accounts (SNA) and the IMF's Manual on Monetary and Financial Statistics.
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Act on the supervision on Credit Institutions, Insurance Companies and Securities Trading etc. Statistics Act Section 2-2.
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Council regulation (EC) no. 2223/96
Council regulation (EC) no. 1392/2007
Council regulation (EC) no. 1606/2002
Council regulation (EC) no. 297/2008
Production
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The population is all financial holding companies in Norway licensed by the Banking, Insurance and Securities Commission.
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The statistics are based on accounting data from the enterprises.
The sample is defined by financial holding companies licensed by the Banking, Insurance and Securities Commission.
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Statistics Norway collect the accounting information from the enterprises.
Revision of the Financial holding companies accounting statments are undertaken by Statistics Norway.
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Not relevant
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If there are less than three observations in one cell, numbers will not be published.
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The accounts statistics for financial holding companies are, as far as possible, based on current accounting rules. Breaks can therefore occur in connection with changes in accounting legislation.
Accuracy and reliability
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Errors and discrepancies can occur in the accounting data. These discrepancies can have a number of sources:
- Errors in the reporting institutions' accounts
- Errors in the transfer of data from the institution's primary accounts to recipients
- Different accounting and evaluation principles
- Different accounting dates for transactions
- Insufficient data from the reporting parties
- Processing errors
Due to large amounts of data and a dynamic control and revision system, published data will be regarded as preliminary until next years data for the same period is published. This means that data for the current year may be revised without this being marked in the preceeding publishing. Large and important revision however, will be commented upon in the publishing of Today's Statistics.
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Not relevant
Contact
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Ola Tveita