383622
/en/bank-og-finansmarked/statistikker/vpfond/aar
383622
statistikk
2019-09-19T08:00:00.000Z
Banking and financial markets
en
vpfond, Mutual funds, mutual fund shares capital, profit and loss account, balance sheet, stocksSecurities markets , Banking and financial markets
true

Mutual funds

All the tables were updated 7 October 2019.

Updated

Corrected:

Next update

Key figures

-39 775

NOK million net income

Main figures - Mutual funds. NOK Million
2015201620172018
TOTAL ASSETS961 5711 055 5951 190 8471 172 224
MUTUAL FUND SHARES AT PAR VALUE608 701657 732705 804740 277
NET INCOME56 95949 008116 036-39 775
NUMBER OF MUTUAL FUNDS374389398387

See selected tables from this statistics

Table 1 
Table 1. Mutual funds. Balance sheet by financial instruments (NOK million)

Table 1. Mutual funds. Balance sheet by financial instruments (NOK million)
2015201620172018
ASSETS
Equities394 947432 439519 620497 927
Mutual fund shares144 114166 747183 905177 043
Equity certifikates2 8373 9475 6414 769
Long-term debt securities336 730370 009395 034431 640
Short-term debt securities45 82847 05143 99423 648
Other assets1 3702 0684 5661 317
Bank deposits in total35 74533 33538 08835 910
Deposits in domestic banks29 93126 91230 19530 067
Deposits in foreign banks5 8146 4237 8935 843
TOTAL ASSETS961 5711 055 5951 190 8471 172 224
 
LIABILITIES AND EQUITY CAPITAL
Total paid-in equity capital730 288760 452882 310891 980
Mutual fund shares at par value608 701657 732705 804740 277
Premium/discount121 587102 719176 507151 704
Retained earnings226 373289 362302 482273 624
Debt4 9105 7826 0556 620
Tax payable446710322-97
Allocated to the mutual fund shares’ holders7321 776224275
Other debt3 7333 2965 5106 442
TOTAL LIABILITIES AND EQUITY CAPITAL961 5711 055 5951 190 8471 172 224
 
Number of mutual funds374389398387

Table 2 
Table 2. Mutual funds. Profit and loss accounts (NOK million)

Table 2. Mutual funds. Profit and loss accounts (NOK million)
2015201620172018
Portfolio income and expenses
Interest13 23012 74812 29712 647
Dividend10 98011 44013 49814 979
Net realized gains on securities41 02017 85046 05235 991
Net changes in unrealized gains/losses on securities-3 0256 64946 086-97 094
Other investment portfolio income and expenses1 1936 5505 455878
NET INVESTMENT PORTFOLIO INCOME63 39855 237123 388-32 599
 
Management revenue and costs
Commision from sale and redemption of mutual fund shares96477977
Other income and expenses-6836-35-4
Management charges-5 408-5 350-6 293-6 116
NET MANAGEMENT INCOME-5 380-5 267-6 249-6 043
 
NET INCOME BEFORE TAX58 01749 970117 140-38 642
Tax costs-1 058-961-1 103-1 132
 
NET INCOME56 95949 008116 036-39 775
 
Allocation of Net Income
Allocated for distribution to mutual fund shares' holders6 31410 33212 1773 179
Net distributed to mutual fund shares' holders during the year1 3071 1723 7578 051
Transfer to/from retained earnings49 33837 504100 102-51 004
TOTAL ALLOCATIONS AND EQUITY TRANSFERS56 95949 008116 036-39 774

Table 3 
Table 3. Mutual funds. Sum of assets by type of funds (NOK million)

Table 3. Mutual funds. Sum of assets by type of funds (NOK million)
2015201620172018
TOTAL ASSETS961 5711 055 5951 190 8471 172 224
Equity funds477 030532 475633 479611 436
Bond funds286 186309 706316 449315 071
Money market funds83 64397 235107 899111 463
Other bond funds56 52355 30559 62062 956
Hybrid funds52 94255 61867 34765 742
Other funds5 2485 2556 0535 558

Table 4 
Table 4. Mutual funds. Net Income by type of funds (NOK million)

Table 4. Mutual funds. Net Income by type of funds (NOK million)
2015201620172018
NET INCOME56 95949 008116 036-39 775
Equity funds51 43132 37295 510-39 277
Bond funds2 24610 2299 453404
Money market funds8771 8851 5381 249
Other bond funds-8162 2743 400678
Hybrid funds3 0672 0335 665-2 764
Other funds154214471-63

Table 5 
Table 5. Mutual funds. Profit and loss accounts, by category of results and by type of funds (NOK million)

Table 5. Mutual funds. Profit and loss accounts, by category of results and by type of funds (NOK million)
2018
Equity fundsOther funds
Portfolio income and expenses
Interest13312 514
Dividend14 594385
Net realized gains on securities35 237754
Net changes in unrealized gains/losses on securities-84 257-12 837
Other investment portfolio income and expenses701177
NET INVESTMENT PORTFOLIO INCOME-33 592993
 
Management revenue and costs
Commision from sale and redemption of mutual fund shares5027
Other income and expenses1-5
Management charges-4 641-1 475
NET MANAGEMENT INCOME-4 590-1 453
 
NET INCOME BEFORE TAX-38 181-461
Tax costs-1 095-37
 
NET INCOME-39 277-498
 
Allocation of Net Income
Allocated for distribution to mutual fund shares' holders73 172
Net distributed to mutual fund shares' holders during the year08 051
Transfer to/from retained earnings-39 283-11 721
TOTAL ALLOCATIONS AND EQUITY TRANSFERS-39 276-498

About the statistics

The statistics cover mutual funds managed by Norwegian fund managers and present information on annual balance sheet and profit and loss accounts of the mutual funds.

Definitions

Definitions of the main concepts and variables

Balance sheet: The balance sheet shows assets, liabilities and equity at the end of the financial year.

Profit and loss account: Shows income and expenses over the course of the calendar year.

Securities: Is often used as a generic term for paper traded on the stock exchange. Along with bearer bonds and shares, these also include certificates, primary capital certificates and unit trust participations.

The financial market statistics has defined into four types of funds: equity funds, bond funds, money market funds and combination funds.

Equity funds: AMS funds, non-restricted equity funds and international funds. Bond funds: government bond funds, ordinary/regular bond funds and international bond funds.

Money market fund: government money market funds, ordinary/regular money market funds and international money market funds.

Combination funds: government combination funds, ordinary/regular combination funds and international combination funds.

Standard classifications

We have three types of classifications: instrument, sector and type:

Financial instruments and fixed assets: liabilities, claims and other assets in the unit trust's balance sheets are divided into main groups with a view to providing uniform groups.

Debtor and creditor sector: In compiling the statistics, the actors are grouped into sectors, primarily by socio-economic function, such as general government, financial enterprises, non-financial enterprises, households and the rest of the world.

Income and expense types: including, inter alia, interest and share dividends, are based on national accounts rules.

Administrative information

Name and topic

Name: Mutual funds
Topic: Banking and financial markets

Next release

Responsible division

Division for Financial Markets Statistics

Regional level

Only at the national level

Frequency and timeliness

Annual

International reporting

Not relevant

Microdata

Publication-ready data are stored in a FAME and SAS database.

Background

Background and purpose

The purpose is to contribute accounting data to the financial market statistics and national accounts, and for supervisory and control purposes at the Banking, Insurance and Securities Commission and Norges Bank. Officially, Statistics Norway started the unit trust statistics in 1990. The statistics are based on the cooperation of the Banking, Insurance and Securities Commission, Norges Bank and Statistics Norway. Until 1994 Statistics Norway did the collection, processing, storage and presentation of the data. After 1994 Norges Bank had responsibility for collecting, processing, storage and presentation for unit trusts. Since January 2007 Statistics Norway has had the responsibility for unit trusts. Since 1996 Statistics Norway has published profit and loss figures in addition to previously published annual balance sheets with sector specification of certain financial instruments.

Users and applications

Included in the financial market statistics and national accounts. Major users are professional organizations, Ministry of Finance and Customs, Norges Bank, the Banking, Insurance and Securities Commission and international organizations.

Equal treatment of users

Not relevant

Coherence with other statistics

The statistics are based on the guidelines in the System of National Accounts from 2008 (SNA 2008), European System of Accounts from 2010 (ESA 2010) and the IMF's Manual on Monetary and Financial Statistics.

Legal authority

The Statistics Act § 2-2

EEA reference

Not relevant

Production

Population

The population is all unit trusts licensed by the Banking, Insurance and Securities Commission.

Data sources and sampling

Statistics Norway collects accounting data from all unit trust registered in Norway.

Total census: the statistics contain figures for all unit trusts in Norway.

Collection of data, editing and estimations

For unit trusts, Statistics Norway publishes annual balance sheet figures by financial instrument and type of fund, figures on holdings of securities by debtor sector and type of fund, and participation capital figures at face value by creditor sector. Profit and loss figures have also been published since 1996.

Statistisk Norway control and revise the accounting data against published annual accounts and other consecutive sources.

Seasonal adjustment

Not relevant

Confidentiality

Not relevant

Comparability over time and space

The accounts statistics for unit trusts 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

5.1 Collection and processing errors Errors and discrepancies can occur in accounting data. These discrepancies can have several sources. * Errors in transferring the data from the companies' primary accounts to receiving media Different accounting and estimation principles Different entry times * Incompletely filled out reports from respondents

Not relevant The response rate is 100 per cent.

Not relevant

Revision

Not relevant