385359
/en/bank-og-finansmarked/statistikker/finhold/aar
385359
statistikk
2019-05-13T08:00:00.000Z
Banking and financial markets
en
finhold, Financial holding companies, profit and loss account, balance sheet, utilised loans, securities, bonds, commercial papersFinancial institutions and other financial corporations, Banking and financial markets
true

Financial holding companies

Updated

Next update

Not yet determined

Key figures

145 021

NOK million in assets for financial holding companies in 2018

Financial holding companies. Key figures. NOK Million
Total
20172018
Assets139 725145 021
Investments in subsiduaries106 983113 061
Loans to group and associated companies1 0102 481
Profit/loss on ordinary activities.23 04720 067
Profit/loss22 35419 618
Operating income24 37121 229

See selected tables from this statistics

Table 1 
Financial holding companies. Profit and loss account. NOK Million

Financial holding companies. Profit and loss account. NOK Million
20142015201620172018
 
Operating income9 65511 48115 91824 37121 229
Income from ownership i group- and assosiated companies9 36111 14415 58523 30620 860
Other operating income2943373331 065369
 
Operating expenses.8481 0071 0631 002928
Personnel costs677759912852872
Depreciation5155656
Other operating expenses.12019314414551
 
Financial income and expenses-326376-191-321-233
Interest income from securities5448524343
Other interest income(2).220165888181
Dividends on shares, unit trust and equity certificates, excluding ownership interests316213316938
Interest expenses of securities5762221068480
Other interest expenses10253402478541
Net profit etc. on capital assets-1818..2520
Net profit etc. on short-term investments and currency.-20-4450-14-76
Net other financial items21502-6-62282
 
Profit/loss on ordinary activities.8 48010 85114 66423 04720 067
 
Taxes on ordinary activities4582 397623694453
 
Net extraordinary income......10
 
Taxes on extraordinary result..0..0-3
 
Profit/loss8 0228 45314 04122 35419 618
 
Allocations and transfers8 0228 45314 04122 35419 618
Dividens6 4947 64812 94713 03115 028
Transfered/received group contribution-1-1-3..1 469
Transferred to/from revaluation reserve.....
Transferred to/form other equity.1 5308051 0979 3233 121

Table 2 
Financial holding companies. Balance sheet. NOK Million

Financial holding companies. Balance sheet. NOK Million
20142015201620172018
ASSETS
Intangible assets533415317212134
 
Fixed tangible assets211206484336
 
Capital assets97 786101 125108 607109 501113 667
Investments in subsiduaries97 469100 835106 281106 983113 061
Shares i ltd and gen partnerships3171921 9602 183343
Shares in securities funds..98196164123
Bonds....170170140
 
Loans3 2351 5851 8451 0152 493
Lans to group and associated companies1 7771 5851 8401 0102 481
Other loans1 457..5512
 
Other long term assets19..1677
Other long term assets in group and assosiated companies18....
Other long term accounts1..1677
 
Accounts receivable8 8599 95112 84221 62217 160
Short-term claims on group companies8 7399 80812 68121 49916 976
Other short-term claims119143160124184
 
Short-term investments1 6842 4312 1431 3991 904
Shares and equity certificates600322
Shares in securities funds13172....43
Bonds1 5682 1361 9371 3331 780
Certificates etc66961864750
Financial derivatives312820169
 
Bank deposits6 4056 9517 0355 9239 617
Banks6 4056 9517 0355 9239 617
Foreign banks..0000
 
Cash11100
 
Total assets118 735122 666132 853139 725145 021
 
Liabilities and equity capital
Equity capital90 63090 55892 84198 965101 480
Deposit capital60 78759 62762 50960 65065 345
Share capital25 53524 36626 23323 51427 562
Premium fund35 25235 26136 27637 13637 783
Retained earnings29 84330 93130 33238 31636 135
Revaluation reserve.....
Other equity.....
 
Provisions for obligations210200187191180
 
Other long-term liabilities17 62318 83623 13426 29927 169
Bonds4 4754 3183 4303 0033 056
Long-term debt to credit institutions13 14914 43219 64623 23324 049
Other long-term debt to group companies..85585454
Other long-term liabilities......910
 
Short-term liabilities10 27213 07216 69214 27016 192
Certificates.....
Short-term debt to credit institutions395....
Payable tax etc1061 532114140139
Transferes to dividend6 4947 64810 45513 03015 028
Other short-term debt to group companies2 4663 4475 802614653
Other short-term liabilities812445322486371
 
Total equity and liabilities118 735122 666132 853139 725145 021
 
Spesifications
Number of companies1313141214

Table 3 
Financial holding companies. Holdings of bonds by issuing sector. NOK Million

Financial holding companies. Holdings of bonds by issuing sector. NOK Million
20142015201620172018
The table was corrected 13 May 2019
Total1 5682 1362 1071 5031 920
 
General government187268409182461
Central government34......128
County municipalities00000
Municipalities153268409182333
 
Financial enterprises1 2841 6101 6981 2401 321
State lending institutions00000
Banks5689731 039865985
Mortgage companies716637659375326
Finance companies..........
Unit trust (UK)/Mutual funds (US)00000
Other financial enterprises..........
Life insurance companies etc...........
Non-life insurance companies........10
Financial auxiliaries00000
 
Non-financial enterprises97258......
Central government enterprises074000
Other state enterprises..0000
Municipal enterprises74........
Private incorporated companies23184......
Private non-profit institutions00000
 
Household etc.00000
Quasi-corporated private enterprises (i.e. partnership companies, joint ownweship etc)00000
Private non-profit institutions serving households00000
Unicorporated private enterprises00000
Households of employees00000
Unspecified sector00000
 
Rest of the world......81137

Table 4 
Financial holding companies. Holdings of certificates by issuing sector. NOK Million

Financial holding companies. Holdings of certificates by issuing sector. NOK Million
20142015201620172018
The table was corrected 13 May 2019
Total66961864750
 
General government..........
Central government..........
County municipalities00000
Municipalities..........
 
Financial enterprises..........
State lending institutions00000
Banks..........
Mortgage companies..........
Finance companies..........
Unit trust (UK)/Mutual funds (US)00000
Other financial enterprises..........
Life insurance companies etc...........
Non-life insurance companies..........
Financial auxiliaries00000
 
Non-financial enterprises66961864750
Central government enterprises0..000
Other state enterprises380000
Municipal enterprises28961864750
Private incorporated companies..........
Private non-profit institutions00000
 
Household etc.00000
Quasi-corporated private enterprises (i.e. partnership companies, joint ownweship etc)00000
Private non-profit institutions serving households00000
Unicorporated private enterprises00000
Households of employees00000
Unspecified sector00000
 
Rest of the world..........

Table 5 
Financial holding companies. Total utilized loand by borrower sector. NOK Million

Financial holding companies. Total utilized loand by borrower sector. NOK Million
20142015201620172018
The table was corrected 13 May 2019
Total3 2351 5851 8451 0152 493
 
General government..........
Central government..........
County municipalities00000
Municipalities..........
 
Financial enterprises3 2281 5851 8459992 460
State lending institutions00000
Banks86720339238368
Mortgage companies..545....1 631
Finance companies......1524
Unit trust (UK)/Mutual funds (US)00000
Other financial enterprises..1 0201 50674547
Life insurance companies etc.2 361......35
Non-life insurance companies........354
Financial auxiliaries00000
 
Non-financial enterprises7....1633
Central government enterprises0..000
Other state enterprises..0000
Municipal enterprises..........
Private incorporated companies7....1633
Private non-profit institutions00000
 
Household etc.00000
Quasi-corporated private enterprises (i.e. partnership companies, joint ownweship etc)00000
Private non-profit institutions serving households00000
Unicorporated private enterprises00000
Households of employees00000
Unspecified sector00000
 
Rest of the world..........

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

Definitions of the main concepts and variables

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.

Standard classifications

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

Name and topic

Name: Financial holding companies
Topic: Banking and financial markets

Responsible division

Division for Financial Markets Statistics

Regional level

Only at national level

Frequency and timeliness

Annual

International reporting

Eurostat

Microdata

Publication-ready data are stored in a FAME-database

Background

Background and purpose

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.

Users and applications

The statistics are includes in national accounts, financial sectors balances and the census of foreign assets and liabilities.

Equal treatment of users

Not relevant

Coherence with other statistics

The statistics are based on the guidelines in the System of National Accounts (SNA) and the IMF's Manual on Monetary and Financial Statistics.

Legal authority

Act on the supervision on Credit Institutions, Insurance Companies and Securities Trading etc. Statistics Act Section 2-2.

EEA reference

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

Population

The population is all financial holding companies in Norway licensed by the Banking, Insurance and Securities Commission.

Data sources and sampling

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.

Collection of data, editing and estimations

Statistics Norway collect the accounting information from the enterprises.

Revision of the Financial holding companies accounting statments are undertaken by Statistics Norway.

Seasonal adjustment

Not relevant

Confidentiality

If there are less than three observations in one cell, numbers will not be published.

Comparability over time and space

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

Sources of error and uncertainty

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.

Revision

Not relevant