Private and municipal pension funds

1   Private pension funds. Profit and loss account. Per 31 December 1993-1999. Million kroner1
  1993 1994 1995 1996 1997 1998 1999*
Contribution to pension funds 2 029 2 628 2 579 3 608 3 222 5 454 4 807
Contribution from employer/enterprise 761 960 1 109 1 316 1 242 1 329 1 356
Deposits from members 43 22 23 25 243 322 21
Transfers from premium funds 929 1 517 1 391 2 015 1 639 2 392 3 350
Overført fra pensjonsreguleringsfond 36 36 41 239 80 1 392 80
Other contributions 259 92 15 13 18 19 -
Transfers from other pension funds .. .. 92 259 1 583 1 737 554
Interests and dividends2 2 454 2 262 2 567 2 607 2 611 2 780 2 602
Other income3 1 755 832 1 020 1 249 1 877 742 6 143
Transfers from reinsurance premiums .. .. .. .. 16 13 22
Personnel costs 67 95 108 132 146 142 162
Pensions 958 1 083 1 142 1 240 1 390 1 446 1 585
Old-age pensions 595 688 704 762 843 882 952
Disability pensions 139 147 161 182 205 215 236
Matrial pensions 208 228 264 282 311 314 340
Childrens' pensions 16 21 13 14 16 17 19
Premium exemption due to disability .. .. .. .. 15 18 38
Transferred to other pension funds 151 204 200 198 340 1 938 751
Other expenses4 227 757 152 151 218 954 933
Reinsurance premiums payable .. .. .. .. 25 15 24
Bound appropriations 2 196 2 343 3 325 4 111 4 798 5 200 4 807
To/from premium reserves 1 534 1 914 2 020 3 268 3 977 4 708 4 246
To supplementary depositions - - 869 373 392 48 246
Interests to premium funds 323 332 411 395 367 361 284
Interest to pension adjustment funds 142 31 29 54 36 31 30
To/from security funds 149 54 -10 13 18 44 1
Other bound appropriations 49 13 6 8 8 8 -
Exchange and rate of issue equalization fund .. .. .. .. .. .. 2 811
Result before taxes 2 639 1 241 1 331 1 892 2 389 1 029 3 055
               
Taxes 82 53 31 31 43 64 63
Result after taxes 2 556 1 186 1 300 1 861 2 346 965 2 992
               
Transfers 2 556 1 186 1 300 1 861 2 346 965 2 992
To premium funds 2 001 982 989 1 547 1 946 902 2 488
To pension adjustment funds 21 16 50 19 21 1 4
To equity and subordinated capital 426 171 189 275 350 133 490
From premium funds to uncovered loss - - - - - -85 -6
Interest on deposited capital - 1 14 14 25 9 18
Other transfers 108 16 57 6 4 5 -
Total disposals 2 556 1 186 1 300 1 861 2 346 965 2 992
1  Break of continuity in timeseries between 1994 and 1995.
2  Includes interest from deposits, bonds and shares dividends.
3  Includes gains from bonds, shares and income from fixed property.
4  Includes loss from securities and value adjustments.

Explanation of symbols