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Pension funds, 2004
6 Municipal pension funds. Profit and loss account. NOK Million
1999 2000 2001 2002 2003 2004*
     
Income   
     
Contribution to pension funds 2 448 2 555 1 700 2 408 2 269 2 465
Contribution from employer/enterprise 2 080 2 153 1 369 1 977 1 878 2 001
Deposits from members 231 225 233 245 252 268
Transfers from premium funds 2 172 72 143 133 191
Other contributions 135 5 25 43 6 6
     
Transfers from other pension funds 118 119 78 77 76 90
     
Interest income and dividends 1 448 1 515 914 957 899 922
Interest income from deposits 89 93 79 124 90 43
Interest income from bonds 1 054 1 141 623 704 696 795
Dividends 81 81 24 25 36 44
Other interest income and dividends 224 200 188 103 78 40
     
Other income 1 593 1 718 276 432 1 424 1 168
Gains on bonds 50 123 51 57 200 185
Gains on shares 339 612 75 72 118 308
Other income 1 203 983 150 304 1 106 675
     
Transfers form reinsurance premiums .. 60 47 .. .. ..
     
Costs   
     
Administrative expenses 104 114 75 79 82 86
     
Pensions 1 616 1 655 811 856 851 952
Old-age pensions 904 909 417 443 441 503
Disability pensions 482 510 284 298 290 321
Matrail pension 216 220 102 107 110 119
Children's pensions 14 15 8 8 9 10
Premium exemption due to disability .. 1 0 .. 0 ..
     
Transferred to other pension funds 66 484 156 185 89 48
     
Other expenses 361 1 071 759 1 202 373 468
Losses on securities etc. 326 397 319 512 260 112
Deprecations and value adjustments 9 60 0 0 2 2
Other expenses 26 614 440 690 110 354
     
Reinsurance premiums payable 0 0 36 64 1 1
     
To/from revaluation reserve 793 -268 -94 -29 443 242
     
Bound appropriations 2 596 2 683 1 406 2 003 2 218 2 339
To/from premium reserve 2 514 2 638 1 437 2 064 2 138 2 189
To supplementary depositions 68 3 5 -18 47 124
Interest to premium funds 1 24 14 8 4 25
To/from secutrity funds 13 16 -60 2 2 1
Pensioners share of the surplus fund .. .. .. .. 1 0
Other bound appropriations .. 1 10 -53 26 ..
     
Profit/loss before tax 71 228 -134 -486 611 508
     
Tax 2 2 -1 11 1 14
     
Profit/loss 69 225 -134 -497 610 493
     
Transfers 69 225 -134 -497 610 493
To premium funds 77 412 40 3 554 400
To equity and subordinated capital -8 -80 -70 -342 55 91
Interest on deposited capital 0 0 1 1 1 3
Other transfers .. -107 -104 -158 .. 0

Explanation of symbols

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