Financial holding companies
Updated: 5 June 2023
Next update: Not yet determined
| Total | ||
|---|---|---|
| 2021 | 2022 | |
| Assets | 56 226 | 53 348 |
| Investments in subsiduaries | 41 293 | 41 321 |
| Loans to group and associated companies | 1 977 | 4 898 |
| Profit/loss on ordinary activities. | 6 514 | 7 024 |
| Profit/loss | 6 025 | 6 490 |
| Operating income | 6 844 | 7 532 |
Selected tables and charts from this statistics
- Financial holding companies. Profit and loss account. NOK MillionDownload table as ...Financial holding companies. Profit and loss account. NOK Million
2018 2019 2020 2021 2022 Operating income 21 229 34 254 21 518 6 844 7 532 Income from ownership i group- and assosiated companies 20 860 33 811 19 611 6 364 6 976 Other operating income 369 443 1 908 480 556 Operating expenses. 928 996 960 841 930 Personnel costs 872 837 724 537 572 Depreciation 6 1 0 1 4 Other operating expenses. 51 158 236 303 353 Financial income and expenses -233 1 658 83 511 421 Interest income from securities 43 55 72 53 68 Other interest income(2). 81 163 107 47 95 Dividends on shares, unit trust and equity certificates, excluding ownership interests 38 32 577 442 423 Interest expenses of securities 80 89 56 39 53 Other interest expenses 541 696 590 102 185 Net profit etc. on capital assets 20 15 . . . Net profit etc. on short-term investments and currency. -76 2 177 -32 188 -37 Net other financial items 282 0 6 -79 110 Profit/loss on ordinary activities. 20 067 34 916 20 641 6 514 7 024 Taxes on ordinary activities 453 303 648 489 534 Net extraordinary income 0 0 1 0 0 Taxes on extraordinary result -3 0 0 0 0 Profit/loss 19 618 34 613 19 994 6 025 6 490 Allocations and transfers 19 618 34 613 19 993 6 025 6 489 Dividens 15 028 16 037 16 167 2 064 2 090 Transfered/received group contribution 1 469 2 706 -1 -1 19 Transferred to/from revaluation reserve . . . . . Transferred to/form other equity. 3 121 15 870 3 827 3 962 4 380 Explanation of symbolsDownload table as ... - Financial holding companies. Balance sheet. NOK MillionDownload table as ...Financial holding companies. Balance sheet. NOK Million
2018 2019 2020 2021 2022 ASSETS Intangible assets 134 137 96 118 98 Fixed tangible assets 36 45 48 49 49 Capital assets 113 667 119 112 121 374 41 760 41 613 Investments in subsiduaries 113 061 118 593 120 902 41 293 41 321 Shares i ltd and gen partnerships 343 191 206 199 22 Shares in securities funds 123 187 126 127 129 Bonds 140 140 140 140 141 Loans 2 493 2 253 2 067 1 982 4 915 Lans to group and associated companies 2 481 2 248 2 062 1 977 4 898 Other loans 12 5 5 5 17 Other long term assets 7 361 1 805 156 128 Other long term assets in group and assosiated companies .. 13 12 28 24 Other long term accounts 7 348 1 793 128 104 Accounts receivable 17 160 31 599 18 964 6 700 737 Short-term claims on group companies 16 976 31 426 18 750 6 516 473 Other short-term claims 184 173 214 184 264 Short-term investments 1 904 3 307 5 196 5 270 5 253 Shares and equity certificates 22 44 57 55 40 Shares in securities funds 43 3 260 4 904 4 847 4 656 Bonds 1 780 . . . . Certificates etc 50 . . . . Financial derivatives 9 3 235 368 557 Bank deposits 9 617 5 035 1 949 189 554 Banks 9 617 5 001 1 949 189 554 Foreign banks 0 35 0 . . Cash 0 0 4 . . Total assets 145 021 161 851 151 502 56 226 53 348 Liabilities and equity capital Equity capital 101 480 112 827 102 633 43 324 43 199 Deposit capital 65 345 65 126 62 490 23 689 21 056 Share capital 27 562 27 126 24 330 8 566 7 557 Premium fund 37 783 38 001 38 160 15 123 13 499 Retained earnings 36 135 47 701 40 142 19 635 22 144 Revaluation reserve . . . . . Other equity . . . . . Provisions for obligations 180 192 198 204 182 Other long-term liabilities 27 169 31 203 30 440 8 760 6 453 Bonds 3 056 2 491 2 084 2 952 2 452 Long-term debt to credit institutions 24 049 28 646 28 343 5 656 3 829 Other long-term debt to group companies 54 54 .. 6 50 Other long-term liabilities 10 11 13 146 122 Short-term liabilities 16 192 17 630 18 231 3 938 3 513 Certificates . . . . . Short-term debt to credit institutions . . . . . Payable tax etc 139 166 481 215 172 Transferes to dividend 15 028 16 037 15 044 381 2 069 Other short-term debt to group companies 653 976 1 154 1 269 1 025 Other short-term liabilities 371 451 1 552 2 073 247 Total equity and liabilities 145 021 161 851 151 502 56 226 53 348 Spesifications Number of companies 14 13 11 10 9 Explanation of symbolsDownload table as ...
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).
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.
Name: Financial holding companies
Topic: Banking and financial markets
Division for Financial Markets Statistics
Only at national level
Annual
Eurostat
Publication-ready data are stored in a FAME-database
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.
The statistics are includes in national accounts, financial sectors balances and the census of foreign assets and liabilities.
Not relevant
The statistics are based on the guidelines in the System of National Accounts (SNA) and the IMF's Manual on Monetary and Financial Statistics.
Act on the supervision on Credit Institutions, Insurance Companies and Securities Trading etc. Statistics Act Section 2-2.
Council regulation (EC) no. 2223/96
Council regulation (EC) no. 1392/2007
Council regulation (EC) no. 1606/2002
Council regulation (EC) no. 297/2008
The population is all financial holding companies in Norway licensed by the Banking, Insurance and Securities Commission.
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.
Statistics Norway collect the accounting information from the enterprises.
Revision of the Financial holding companies accounting statments are undertaken by Statistics Norway.
Not relevant
If there are less than three observations in one cell, numbers will not be published.
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.
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.
Not relevant
