336517
/en/bank-og-finansmarked/statistikker/vpfond/aar
336517
statistikk
2018-09-25T08:00:00.000Z
Banking and financial markets
en
vpfond, Mutual funds, mutual fund shares capital, profit and loss account, balance sheet, stocksSecurities markets , Banking and financial markets
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Mutual funds

Updated

Next update

Not yet determined

Key figures

116 036

NOK million net income in 2017

Main figures - Mutual funds. NOK Million
2017
TOTAL ASSETS1 190 847
Mutual fund shares at par value705 804
NET INCOME116 036
Number of mutual funds398

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Table 1 
Mutual funds. Balance sheet by financial instruments. December 31. NOK million

Mutual funds. Balance sheet by financial instruments. December 31. NOK million
2017
Mutual funds. Balance sheet
ASSETS
Equities519 620
Mutual fund shares183 905
Equity certificates5 641
Long-term debt securities395 034
Short-term debt securities43 994
Other assets4 566
Deposits in total38 088
Deposits in domestic banks30 195
Deposits in foreign banks7 893
TOTAL ASSETS1 190 847
LIABILITIES AND EQUITY CAPITAL
Total paid-in equity capital882 310
Mutual fund shares at par value705 804
Premium/discount176 507
Retained earnings302 482
Debt6 055
Tax payable322
Allocated to the mutual fund shares’ holders (for reinvestment in new mutual fund shares)224
Other debt5 510
TOTAL LIABILITIES AND EQUITY CAPITAL1 190 847
Number of mutual funds398

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

Mutual funds. Profit and loss accounts. NOK million
2017
 
Net Investment Portfolio Income123 388
Interest12 297
Dividend13 498
Net realized gains on securities46 052
Net changes in unrealized gains/losses on securities46 086
Other investment portfolio income and expenses5 455
Net Management Income-6 249
Commision from sale and redemtion of mutual fund shares79
Other income and expenses-35
Fixed and variable management fees-6 293
Net Income Before Tax117 140
Tax costs-1 103
Net Income116 036
Allocation Of Net Income116 036
Allocated for distribution to mutual fund shares’ holders12 177
Net distributed to mutual fund shares’ holders during the year3 757
Transfer to/from retained earnings100 102

Table 3 
Mutual funds. Sum of assets by type of funds. NOK millions.

Mutual funds. Sum of assets by type of funds. NOK millions.
2017
Mutual funds. Balance sheet
TOTAL ASSETS1 190 847
Equity funds633 479
Bond funds316 449
Money market funds107 899
Other bond funds59 620
Hybrid funds67 347
Other funds6 053

Table 4 
Mutual funds. Profit and loss accounts by type of funds. (NOK million).

Mutual funds. Profit and loss accounts by type of funds. (NOK million).
2017
Mutual funds. Profit and loss account
NET INCOME116 037
Equity funds95 510
Bond funds9 453
Money market funds1 538
Other bond funds3 400
Hybrid funds5 665
Other funds471

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

Mutual funds. Profit and loss accounts, by category of results and by type of funds (NOK million)
2017
Equity fundsOther funds
Net investment Portfolio Income101 28422 105
Interest7812 219
Dividend13 037461
Net realized gains on securities41 5284 524
Net changes in unrealized gains/losses on securities44 6261 461
Other investment portfolio income and expenses2 0153 440
Net Management Income-4 768-1 480
Commision from sale and redemtion of mutual fund shares4930
Other income and expenses-5-30
Fixed and variable management fees-4 812-1 481
Net Income Before Tax96 51520 625
Tax costs-1 006-98
Net Income95 51020 527
Allocation Of Net Income95 51020 527
Allocated for distribution to mutual fund shares’ holders812 169
Net distributed to mutual fund shares’ holders during the year293 728
Transfer to/from retained earnings95 4734 629

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

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