4065_not-searchable
/en/bank-og-finansmarked/statistikker/finhold/arkiv
4065
Lower annual profit
statistikk
2006-07-10T10:00:00.000Z
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
false

Financial holding companies, 2005

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Lower annual profit

The annual profit for financial holding companies fell by 22 per cent compared with 2004. The reduction was mainly due to lower operating income.

The annual profit went down from NOK 8 billion in 2004 to NOK 6.3 billion in 2005. The decline in income from subsidiaries and associated companies were NOK 1.9 billion. Net financial income decreased with NOK 1.6 billion. Taxes on ordinary activities was reduced from NOK 2.3 billion to NOK 0.6 billion.

Total assets fell by 2 per cent down to NOK 83.7 billion. Investments in subsidiaries increased with NOK 3.1 billion. Loans and other claims on group- and associated companies decreased by NOK 2.5 billion. Short-term investments in securities decreased by NOK 1.6 billion.

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