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Key figures
189 347
NOK million net income
| 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|
| TOTAL ASSETS | 1 055 595 | 1 190 847 | 1 172 224 | 1 370 170 |
| MUTUAL FUND SHARES AT PAR VALUE | 657 732 | 705 804 | 740 277 | 786 571 |
| NET INCOME | 49 008 | 116 036 | -39 775 | 189 347 |
| NUMBER OF MUTUAL FUNDS | 389 | 398 | 387 | 398 |
See selected tables from this statistics
Table 1
Table 1. Mutual funds. Balance sheet by financial instruments (NOK million)
| 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|
| ASSETS | ||||
| Equities | 432 439 | 519 620 | 497 927 | 627 111 |
| Mutual fund shares | 166 747 | 183 905 | 177 043 | 186 261 |
| Equity certifikates | 3 947 | 5 641 | 4 769 | 7 157 |
| Long-term debt securities | 370 009 | 395 034 | 431 640 | 471 486 |
| Short-term debt securities | 47 051 | 43 994 | 23 648 | 28 449 |
| Other assets | 2 068 | 4 566 | 1 317 | 11 197 |
| Bank deposits in total | 33 335 | 38 088 | 35 910 | 38 477 |
| Deposits in domestic banks | 26 912 | 30 195 | 30 067 | 29 005 |
| Deposits in foreign banks | 6 423 | 7 893 | 5 843 | 9 471 |
| TOTAL ASSETS | 1 055 595 | 1 190 847 | 1 172 224 | 1 370 170 |
| LIABILITIES AND EQUITY CAPITAL | ||||
| Total paid-in equity capital | 760 452 | 882 310 | 891 980 | 925 266 |
| Mutual fund shares at par value | 657 732 | 705 804 | 740 277 | 786 571 |
| Premium/discount | 102 719 | 176 507 | 151 704 | 138 695 |
| Retained earnings | 289 362 | 302 482 | 273 624 | 436 500 |
| Debt | 5 782 | 6 055 | 6 620 | 8 405 |
| Tax payable | 710 | 322 | -97 | -151 |
| Allocated to the mutual fund shares’ holders | 1 776 | 224 | 275 | 312 |
| Other debt | 3 296 | 5 510 | 6 442 | 8 244 |
| TOTAL LIABILITIES AND EQUITY CAPITAL | 1 055 595 | 1 190 847 | 1 172 224 | 1 370 170 |
| Number of mutual funds | 389 | 398 | 387 | 398 |
Table 2
Table 2. Mutual funds. Profit and loss accounts (NOK million)
| 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|
| Portfolio income and expenses | ||||
| Interest | 12 748 | 12 297 | 12 647 | 14 215 |
| Dividend | 11 440 | 13 498 | 14 979 | 16 227 |
| Net realized gains on securities | 17 850 | 46 052 | 35 991 | 41 044 |
| Net changes in unrealized gains/losses on securities | 6 649 | 46 086 | -97 094 | 130 731 |
| Other investment portfolio income and expenses | 6 550 | 5 455 | 878 | -5 250 |
| NET INVESTMENT PORTFOLIO INCOME | 55 237 | 123 388 | -32 599 | 196 967 |
| Management revenue and costs | ||||
| Commision from sale and redemption of mutual fund shares | 47 | 79 | 77 | 50 |
| Other income and expenses | 36 | -35 | -4 | -158 |
| Management charges | -5 350 | -6 293 | -6 116 | -6 337 |
| NET MANAGEMENT INCOME | -5 267 | -6 249 | -6 043 | -6 445 |
| NET INCOME BEFORE TAX | 49 970 | 117 140 | -38 642 | 190 522 |
| Tax costs | -961 | -1 103 | -1 132 | -1 175 |
| NET INCOME | 49 008 | 116 036 | -39 775 | 189 347 |
| Allocation of Net Income | ||||
| Allocated for distribution to mutual fund shares' holders | 10 332 | 12 177 | 3 179 | 5 964 |
| Net distributed to mutual fund shares' holders during the year | 1 172 | 3 757 | 8 051 | 3 492 |
| Transfer to/from retained earnings | 37 504 | 100 102 | -51 004 | 179 890 |
| TOTAL ALLOCATIONS AND EQUITY TRANSFERS | 49 008 | 116 036 | -39 774 | 189 346 |
Table 3
Table 3. Mutual funds. Sum of assets by type of funds (NOK million)
| 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|
| TOTAL ASSETS | 1 055 595 | 1 190 847 | 1 172 224 | 1 370 170 |
| Equity funds | 532 475 | 633 479 | 611 436 | 759 179 |
| Bond funds | 309 706 | 316 449 | 315 071 | 338 642 |
| Money market funds | 97 235 | 107 899 | 111 463 | 109 285 |
| Other bond funds | 55 305 | 59 620 | 62 956 | 97 061 |
| Hybrid funds | 55 618 | 67 347 | 65 742 | 61 617 |
| Other funds | 5 255 | 6 053 | 5 558 | 4 387 |
Table 4
Table 4. Mutual funds. Net Income by type of funds (NOK million)
| 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|
| NET INCOME | 49 008 | 116 036 | -39 775 | 189 347 |
| Equity funds | 32 372 | 95 510 | -39 277 | 159 894 |
| Bond funds | 10 229 | 9 453 | 404 | 15 406 |
| Money market funds | 1 885 | 1 538 | 1 249 | 2 185 |
| Other bond funds | 2 274 | 3 400 | 678 | 4 531 |
| Hybrid funds | 2 033 | 5 665 | -2 764 | 7 093 |
| Other funds | 214 | 471 | -63 | 238 |
Table 5
Table 5. Mutual funds. Profit and loss accounts, by category of results and by type of funds (NOK million)
| 2019 | ||
|---|---|---|
| Equity funds | Other funds | |
| Portfolio income and expenses | ||
| Interest | 185 | 14 030 |
| Dividend | 15 866 | 361 |
| Net realized gains on securities | 38 556 | 2 488 |
| Net changes in unrealized gains/losses on securities | 112 185 | 18 546 |
| Other investment portfolio income and expenses | -936 | -4 314 |
| NET INVESTMENT PORTFOLIO INCOME | 165 856 | 31 111 |
| Management revenue and costs | ||
| Commision from sale and redemption of mutual fund shares | 30 | 20 |
| Other income and expenses | -149 | -9 |
| Management charges | -4 793 | -1 544 |
| NET MANAGEMENT INCOME | -4 912 | -1 533 |
| NET INCOME BEFORE TAX | 160 943 | 29 579 |
| Tax costs | -1 050 | -125 |
| NET INCOME | 159 894 | 29 453 |
| Allocation of Net Income | ||
| Allocated for distribution to mutual fund shares' holders | 6 | 5 958 |
| Net distributed to mutual fund shares' holders during the year | 0 | 3 492 |
| Transfer to/from retained earnings | 159 887 | 20 003 |
| TOTAL ALLOCATIONS AND EQUITY TRANSFERS | 159 893 | 29 453 |
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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Steven Chun Wei Got
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Harald Stormoen
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Ole Petter Rygvold