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Key figures
49 003
NOK million Net Income in 2016
| 2016 | |
|---|---|
| TOTAL ASSETS | 1 055 456 |
| Mutual fund shares at par value | 657 593 |
| NET INCOME | 49 003 |
| Number of mutual funds | 389 |
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Table 1
Mutual funds. Balance sheet by financial instruments. December 31. NOK million
| 2016 | |
|---|---|
| Mutual funds. Balance sheet | |
| ASSETS | |
| Equities | 435 174 |
| Mutual fund shares | 166 548 |
| Equity certificates | 1 212 |
| Long-term debt securities | 367 783 |
| Short-term debt securities | 49 338 |
| Other assets | 2 068 |
| Deposits in total | 33 333 |
| Deposits in domestic banks | 26 910 |
| Deposits in foreign banks | 6 423 |
| TOTAL ASSETS | 1 055 456 |
| LIABILITIES AND EQUITY CAPITAL | |
| Total paid-in equity capital | 760 316 |
| Mutual fund shares at par value | 657 593 |
| Premium/discount | 102 723 |
| Retained earnings | 289 370 |
| Debt | 5 770 |
| Tax payable | 710 |
| Allocated to the mutual fund shares’ holders (for reinvestment in new mutual fund shares) | 1 765 |
| Other debt | 3 295 |
| TOTAL LIABILITIES AND EQUITY CAPITAL | 1 055 456 |
| Number of mutual funds | 389 |
Table 2
Mutual funds. Profit and loss accounts. NOK million
| 2016 | |
|---|---|
| Net Investment Portfolio Income | 55 231 |
| Interest | 12 745 |
| Dividend | 11 440 |
| Net realized gains on securities | 17 852 |
| Net changes in unrealized gains/losses on securities | 6 644 |
| Other investment portfolio income and expenses | 6 551 |
| Net Management Income | -5 267 |
| Commision from sale and redemtion of mutual fund shares | 47 |
| Other income and expenses | 36 |
| Fixed and variable management fees | -5 350 |
| Net Income Before Tax | 49 964 |
| Tax costs | -961 |
| Net Income | 49 003 |
| Allocation Of Net Income | 49 003 |
| Allocated for distribution to mutual fund shares’ holders | 10 322 |
| Net distributed to mutual fund shares’ holders during the year | 1 172 |
| Transfer to/from retained earnings | 37 509 |
Table 3
Mutual funds. Sum of assets by type of funds. NOK millions.
| 2016 | |
|---|---|
| Mutual funds. Balance sheet | |
| TOTAL ASSETS | 1 055 455 |
| Equity funds | 532 475 |
| Bond funds | 309 706 |
| Money market funds | 97 235 |
| Other bond funds | 55 193 |
| Hybrid funds | 55 591 |
| Other funds | 5 255 |
Table 4
Mutual funds. Profit and loss accounts by type of funds. (NOK million).
| 2016 | |
|---|---|
| Mutual funds. Profit and loss account | |
| NET INCOME | 49 002 |
| Equity funds | 32 372 |
| Bond funds | 10 229 |
| Money market funds | 1 885 |
| Other bond funds | 2 270 |
| Hybrid funds | 2 032 |
| Other funds | 214 |
Table 5
Mutual funds. Profit and loss accounts, by category of results and by type of funds (NOK million)
| 2016 | ||
|---|---|---|
| Equity funds | Other funds | |
| Net investment Portfolio Income | 37 141 | 18 090 |
| Interest | 17 | 12 727 |
| Dividend | 11 139 | 301 |
| Net realized gains on securities | 17 436 | 416 |
| Net changes in unrealized gains/losses on securities | 6 192 | 452 |
| Other investment portfolio income and expenses | 2 356 | 4 194 |
| Net Management Income | -3 912 | -1 355 |
| Commision from sale and redemtion of mutual fund shares | 47 | 0 |
| Other income and expenses | 56 | -20 |
| Fixed and variable management fees | -4 015 | -1 336 |
| Net Income Before Tax | 33 229 | 16 736 |
| Tax costs | -857 | -104 |
| Net Income | 32 372 | 16 630 |
| Allocation Of Net Income | 32 372 | 16 630 |
| Allocated for distribution to mutual fund shares’ holders | 4 | 10 318 |
| Net distributed to mutual fund shares’ holders during the year | 38 | 1 134 |
| Transfer to/from retained earnings | 32 331 | 5 178 |
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
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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.
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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
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Name: Mutual funds
Topic: Banking and financial markets
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Division for Financial Markets Statistics
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Only at the national level
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Annual
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Not relevant
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Publication-ready data are stored in a FAME and SAS database.
Background
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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.
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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.
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Not relevant
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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.
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The Statistics Act § 2-2
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Not relevant
Production
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The population is all unit trusts licensed by the Banking, Insurance and Securities Commission.
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Statistics Norway collects accounting data from all unit trust registered in Norway.
Total census: the statistics contain figures for all unit trusts in Norway.
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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.
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Not relevant
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Not relevant
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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
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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
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Not relevant
Contact
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Yoon Shin Nakstad
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Harald Stormoen
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Ole Petter Rygvold