422681
/en/bank-og-finansmarked/statistikker/finhold/aar
422681
statistikk
2020-06-11T08:00:00.000Z
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

161 851

NOK million in assets for financial holding companies in 2019

Financial holding companies. Key figures. NOK Million
Total
20182019
Assets145 021161 851
Investments in subsiduaries113 061118 593
Loans to group and associated companies2 4812 248
Profit/loss on ordinary activities.20 06734 916
Profit/loss19 61834 613
Operating income21 22934 254

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
20152016201720182019
 
Operating income11 48115 91824 37121 22934 254
Income from ownership i group- and assosiated companies11 14415 58523 30620 86033 811
Other operating income3373331 065369443
 
Operating expenses.1 0071 0631 002928996
Personnel costs759912852872837
Depreciation556561
Other operating expenses.19314414551158
 
Financial income and expenses376-191-321-2331 658
Interest income from securities4852434355
Other interest income(2).165888181163
Dividends on shares, unit trust and equity certificates, excluding ownership interests1621331693832
Interest expenses of securities222106848089
Other interest expenses253402478541696
Net profit etc. on capital assets18..252015
Net profit etc. on short-term investments and currency.-4450-14-762 177
Net other financial items502-6-622820
 
Profit/loss on ordinary activities.10 85114 66423 04720 06734 916
 
Taxes on ordinary activities2 397623694453303
 
Net extraordinary income....100
 
Taxes on extraordinary result0..0-30
 
Profit/loss8 45314 04122 35419 61834 613
 
Allocations and transfers8 45314 04122 35419 61834 613
Dividens7 64812 94713 03115 02816 037
Transfered/received group contribution-1-3..1 4692 706
Transferred to/from revaluation reserve.....
Transferred to/form other equity.8051 0979 3233 12115 870

Table 2 
Financial holding companies. Balance sheet. NOK Million

Financial holding companies. Balance sheet. NOK Million
20152016201720182019
ASSETS
Intangible assets415317212134137
 
Fixed tangible assets20648433645
 
Capital assets101 125108 607109 501113 667119 112
Investments in subsiduaries100 835106 281106 983113 061118 593
Shares i ltd and gen partnerships1921 9602 183343191
Shares in securities funds98196164123187
Bonds..170170140140
 
Loans1 5851 8451 0152 4932 253
Lans to group and associated companies1 5851 8401 0102 4812 248
Other loans..55125
 
Other long term assets..1677361
Other long term assets in group and assosiated companies........13
Other long term accounts..1677348
 
Accounts receivable9 95112 84221 62217 16031 599
Short-term claims on group companies9 80812 68121 49916 97631 426
Other short-term claims143160124184173
 
Short-term investments2 4312 1431 3991 9043 307
Shares and equity certificates0032244
Shares in securities funds172....433 260
Bonds2 1361 9371 3331 780.
Certificates etc961864750.
Financial derivatives28201693
 
Bank deposits6 9517 0355 9239 6175 035
Banks6 9517 0355 9239 6175 001
Foreign banks000035
 
Cash11000
 
Total assets122 666132 853139 725145 021161 851
 
Liabilities and equity capital
Equity capital90 55892 84198 965101 480112 827
Deposit capital59 62762 50960 65065 34565 126
Share capital24 36626 23323 51427 56227 126
Premium fund35 26136 27637 13637 78338 001
Retained earnings30 93130 33238 31636 13547 701
Revaluation reserve.....
Other equity.....
 
Provisions for obligations200187191180192
 
Other long-term liabilities18 83623 13426 29927 16931 203
Bonds4 3183 4303 0033 0562 491
Long-term debt to credit institutions14 43219 64623 23324 04928 646
Other long-term debt to group companies8558545454
Other long-term liabilities....91011
 
Short-term liabilities13 07216 69214 27016 19217 630
Certificates.....
Short-term debt to credit institutions.....
Payable tax etc1 532114140139166
Transferes to dividend7 64810 45513 03015 02816 037
Other short-term debt to group companies3 4475 802614653976
Other short-term liabilities445322486371451
 
Total equity and liabilities122 666132 853139 725145 021161 851
 
Spesifications
Number of companies1314121413

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

Financial holding companies. Holdings of bonds by issuing sector. NOK Million
20152016201720182019
Total2 1362 1071 5031 920140
 
General government2684091824610
Central government......1280
County municipalities00000
Municipalities2684091823330
 
Financial enterprises1 6101 6981 2401 321140
State lending institutions00000
Banks9731 039865985140
Mortgage companies6376593753260
Finance companies........0
Unit trust (UK)/Mutual funds (US)00000
Other financial enterprises........0
Life insurance companies etc.........0
Non-life insurance companies......10..
Financial auxiliaries00000
 
Non-financial enterprises258......0
Central government enterprises740000
Other state enterprises00000
Municipal enterprises........0
Private incorporated companies184......0
Private non-profit institutions00000
 
Household etc...........
Quasi-corporated private enterprises (i.e. partnership companies, joint ownweship etc)..........
Private non-profit institutions serving households00000
Unicorporated private enterprises00000
Households of employees00000
Unspecified sector00000
 
Rest of the world....811370

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

Financial holding companies. Holdings of certificates by issuing sector. NOK Million
20152016201720182019
Total961864750..
 
General government........0
Central government........0
County municipalities00000
Municipalities........0
 
Financial enterprises..........
State lending institutions00000
Banks..........
Mortgage companies........0
Finance companies........0
Unit trust (UK)/Mutual funds (US)00000
Other financial enterprises........0
Life insurance companies etc.........0
Non-life insurance companies..........
Financial auxiliaries00000
 
Non-financial enterprises9618647500
Central government enterprises..0000
Other state enterprises00000
Municipal enterprises9618647500
Private incorporated companies........0
Private non-profit institutions00000
 
Household etc...........
Quasi-corporated private enterprises (i.e. partnership companies, joint ownweship etc)..........
Private non-profit institutions serving households00000
Unicorporated private enterprises00000
Households of employees00000
Unspecified sector00000
 
Rest of the world........0

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

Financial holding companies. Total utilized loand by borrower sector. NOK Million
20152016201720182019
Total1 5851 8451 0152 4932 253
 
General government........0
Central government........0
County municipalities00000
Municipalities........0
 
Financial enterprises1 5851 8459992 4602 248
State lending institutions00000
Banks203392383681 998
Mortgage companies545....1 6310
Finance companies....15240
Unit trust (UK)/Mutual funds (US)00000
Other financial enterprises1 0201 506745470
Life insurance companies etc.......350
Non-life insurance companies......354250
Financial auxiliaries00000
 
Non-financial enterprises....16330
Central government enterprises..0000
Other state enterprises00000
Municipal enterprises........0
Private incorporated companies....16330
Private non-profit institutions00000
 
Household etc.........5
Quasi-corporated private enterprises (i.e. partnership companies, joint ownweship etc)........5
Private non-profit institutions serving households00000
Unicorporated private enterprises00000
Households of employees00000
Unspecified sector00000
 
Rest of the world........0

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