Financial holding companies

2   Financial holding companies1. Profit and loss account 31 December. 1996-2002. Million NOK
  1996 1997 1998 1999 2000 2001 2002*
Operating income 1 509 1 147  834 5 657 6 432 5 472 4 916
Income from ownership stakes in group and assosiated copmanies 1 478 1 147  834 5 646 6 411 5 443 4 790
Other operating income 31 -   11 21 29  126
               
Operating expenses  347  303  293  329  418  556  734
Compensations of employees  273  186  176  190  222  146  224
Depreciation 31 48 80  151 99 96 62
Other operating expenses 43 69 37 -12 97  314  448
               
Financial income and financial expenses -34 -14 -80 1 631 -758 -765 -338
Interest income from securities 74 96  122 78  151  214  127
Other interest income2 20 49 63  132 62  117  537
Dividends on shares, unit trust units, and primary capital certificates, excluding ownership interests - - -  178 27 24  352
Interest expenses of securities  153  185  170  185  444  174  295
Other interest expenses  128 50 54  113  106  503  625
Net profit etc. on financial fixed assets   ..    346 -353 -152 -300
Net profit etc. on financial current assets and foreign exchange  122 66 -33 1 365 -95 -280 -102
Net other financial items 31 10 -8 -170 0 -11 -32
               
Ordinary result before taxes 1 128  830  461 6 959 5 256 4 151 3 844
               
Taxes on ordinary result 14 23 3  248 1 165  545 1 082
               
Net extraordinary income - - - 42 -    
               
Taxes on extraordinary result - - - 12 -    
               
Annual profit 1 114  807  458 6 741 4 092 3 606 2 762
               
Allocations and transfers 1 114  807  458 6 741 4 092 3 606 2 762
Transfers to dividend  136  136 94 1 912 2 097 1 956 2 804
Transferred/received group contribution -64 -15 6 1 310 -45 25 69
Transferred to/from fund for valuation differences -   -  164 56 -3 -256
Transferred to/from other equity 1 040  688  357 3 356 1 984 1 628  145
1  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 dividends on shares etc. in other than subsidary companies.

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