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Pension funds, 2003
11 Municipal enterprises pension funds1. Profit and loss account. NOK Million
1998 1999 2000 2001 2002 2003*
     
Income   
     
Contribution to pension funds 146 207 272 351 586 605
Contribution from employer/enterprise 144 204 263 322 563 590
Deposits from members 3 3 9 11 14 15
Transfers from premium funds .. .. .. 18 .. 0
Other contributions .. .. .. 1 9 ..
     
Transfers from other pension funds 356 4 580 409 273 661
     
Interest income and dividends 81 121 159 178 201 230
Interest income from deposits 10 5 11 41 22 27
Interest income from bonds 57 94 127 108 155 167
Dividends 5 7 7 9 5 18
Other interest income and dividends 9 15 14 20 19 18
     
Other income 5 148 135 60 95 385
Gains on bonds 1 0 5 7 14 77
Gains on shares 1 75 65 2 15 31
Other income 2 72 65 51 66 276
     
Transfers form reinsurance premiums .. .. 0 6 4 4
     
Costs   
     
Administrative expenses 5 11 13 16 24 30
     
Pensions 146 210 247 265 288 330
Old-age pensions 82 115 144 152 166 191
Disability pensions 27 35 41 46 52 58
Matrail pension 36 49 60 64 68 79
Children's pensions 1 11 2 3 3 3
Premium exemption due to disability .. .. .. .. .. ..
     
Transferred to other pension funds 0 0 0 235 0 85
     
Other expenses 31 26 118 185 249 32
Losses on securities etc. 30 25 35 128 205 16
Deprecations and value adjustments 1 1 1 0 0 ..
Other expenses 0 1 82 57 44 16
     
Reinsurance premiums payable .. .. 5 7 10 10
     
To/from revaluation reserve .. 74 -35 -15 -1 215
     
Bound appropriations 367 155 787 424 698 1 142
To/from premium reserve 365 155 783 430 692 1 121
To supplementary depositions .. .. .. 1 .. 20
Interest to premium funds .. .. 0 0 6 1
To/from secutrity funds 2 1 3 -6 0 0
Pensioners share of the surplus fund .. .. .. .. .. ..
Other bound appropriations .. .. .. .. .. 1
     
Profit/loss before tax 39 4 12 -112 -108 41
     
Tax 0 -1 -1 -1 0 1
     
Profit/loss 39 5 13 -112 -108 39
     
Transfers 39 5 13 -112 -108 39
To premium funds 45 4 13 -18 1 26
To equity and subordinated capital .. 2 .. -2 -110 11
Interest on deposited capital .. .. .. .. .. ..
Other transfers -6 .. .. -91 0 2

1Before 1998 municipal enterprises pension funds are included in private pension funds.

Explanation of symbols

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