Unit trust

2   Unit trusts. Profit and loss account. 31 December 1996-1999. Million kroner
  1996 1997 1998 1999*
Portfolio income 9 576 14 466 9 025 30 757
Interest income 1 911 1 868 2 189 2 508
Share dividends 550 886 1 104 1 145
Realization of capital gains 3 350 8 908 4 906 4 816
Net change in unrealized capital gains 3 765 2 804 792 22 345
Other portfolio income - - 34 -57
         
Portfolio expenses 559 1 391 20 860 927
Realization of capital losses 521 698 4 803 777
Net change in unrealized capital losses 38 692 16 057 150
         
Portfolio result 9 017 13 075 -11 835 29 830
Administrative items        
Commissions 5 19 29 55
Other income - - 2 6
Management fee 587 1 066 1 201 1 395
Interest expenses 234 269 306 1
Other expenses 78 84 142 77
         
Annual result before taxes 8 123 11 675 -13 453 28 418
Taxes        
Taxes payable 11 17 30 33
Deferred taxes 0 0 0 1
         
Annual result after taxes 8 112 11 658 -13 484 28 384
Applications and transfers 8 112 11 658 -13 484 28 384
Transfers to payments 1 028 1 191 -1 264 1 070
Transfers to/from participation capital 2 095 5 189 236 951
Transfers to/from other equity 4 990 5 278 -12 456 26 363

Explanation of symbols