Table 2 Financial holding companies. Profit and loss account. 31 December. 1995-1999. Million kroner

2	Financial holding companies. Profit and loss account. 31 December. 1995-1999. Million kroner

	1995	1996	1997	1998	1999


Operating income	1 246	1 509	1 147	834	1 912
Income from ownership stakes in group and associated companies	1 245	1 478	1 147	834	1 901
Other operating income	1	31	0		11

Operating expenses	206	347	303	293	328
Compensation of employees	483	273	186	176	446
Depreciation	38	31	48	80	150
Other operating expenses	-315	43	69	37	-268

Financial income and financial expenses	-152	-34	-14	-80	1 656
Interest income from securities	93	74	96	122	78
Other interest income²	15	20	49	63	132
Dividends on shares, unit trust units, and primary capital certificates, excluding ownership stakes		-	-	-	178
Interest expenses of securities	153	153	185	170	158
Other interest expenses	76	128	50	54	113
Net profit etc. on financial fixed assets	..		..		346
Net profit etc. on financial current assets and foreign exchange	-9	122	66	-33	1 364
Net other financial items¹	-22	31	10	-8	-171

Ordinary result before taxes	888	1 128	830	461	3 240

Taxes on ordinary result	20	14	23	3	248

Net extraordinary income	0	0	0	0	42

Taxes on extraordinary result	0	0	0	0	12

Annual profit	868	1 114	807	458	3 022

Allocations and transfers	868	1 114	807	458	3 022
Transfers to dividend	93	136	136	94	1 912
Transferred/received group contribution	-21	-64	-15	6	-2 435
Transferred to/from fund for valuation differences	-	-		-	164
Transferred to/from other equity	796	1 040	688	357	3 383

¹	The figures from 1999 are not directly comparable with earlier figures because of the transition to the new Accounting Act of 1 January 1999.
²	Before 1999 the item also includes the dividends on shares etc. in other companies than subsidiaries.