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Pension funds, 2007
6 Municipal pension funds. Profit and loss account. NOK Million
2002 2003 2004 2005 2006 2007*
     
Income   
     
Contribution to pension funds 2 408 2 269 2 465 2 372 2 860 3 591
Contribution from employer/enterprise 1 977 1 878 2 001 1 916 2 164 2 857
Deposits from members 245 252 268 283 292 333
Transfers from premium funds 143 133 191 168 398 385
Other contributions 43 6 6 5 5 15
     
Transfers from other pension funds 77 76 90 140 324 120
     
Interest income and dividends 957 899 922 910 925 1 169
Interest income from deposits 124 90 43 42 61 83
Interest income from bonds 704 696 795 760 777 946
Dividends 25 36 44 64 51 90
Other interest income and dividends 103 78 40 44 35 50
     
Other income 432 1 424 1 168 1 832 1 914 1 596
Gains on bonds 57 200 185 102 64 103
Gains on shares 72 118 308 473 571 622
Other income 304 1 106 675 1 257 1 279 871
     
Transfers form reinsurance premiums .. .. .. .. .. ..
     
Costs   
     
Administrative expenses 79 82 86 99 98 119
     
Pensions 856 851 952 1 025 1 054 1 177
Old-age pensions 443 441 503 550 583 672
Disability pensions 298 290 321 326 319 356
Matrail pension 107 110 119 124 126 139
Children's pensions 8 9 10 10 10 10
Premium exemption due to disability .. 0 .. 14 16 ..
     
Transferred to other pension funds 185 89 48 30 78 82
     
Other expenses 1 202 373 468 539 654 1 050
Losses on securities etc. 512 260 112 76 165 188
Deprecations and value adjustments 0 2 2 12 6 3
Other expenses 690 110 354 451 483 858
     
Reinsurance premiums payable 64 1 1 1 1 1
     
To/from revaluation reserve -29 443 242 742 659 -117
     
Bound appropriations 2 003 2 218 2 339 2 092 2 832 3 456
To/from premium reserve 2 064 2 138 2 189 1 884 2 632 3 219
To supplementary depositions -18 47 124 177 157 134
Interest to premium funds 8 4 25 28 40 48
To/from secutrity funds 2 2 1 3 2 53
Pensioners share of the surplus fund .. 1 0 .. .. ..
Other bound appropriations -53 26 .. .. 1 1
     
Profit/loss before tax -486 611 508 727 648 708
     
Tax 11 1 14 6 4 3
     
Profit/loss -497 610 493 721 644 705
     
Transfers -497 610 493 721 644 705
To premium funds 3 554 400 507 456 508
To equity and subordinated capital -342 55 91 204 152 196
Interest on deposited capital 1 1 3 11 3 1
Other transfers -158 .. 0 -1 33 ..

Explanation of symbols

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