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Pension funds, 2007
11 Municipal enterprises pension funds. Profit and loss account. NOK Million
2002 2003 2004 2005 2006 2007*
     
Income   
     
Contribution to pension funds 586 605 1 122 466 365 481
Contribution from employer/enterprise 563 590 1 104 314 160 212
Deposits from members 14 15 17 26 27 15
Transfers from premium funds .. 0 0 126 178 254
Other contributions 9 .. .. .. .. 0
     
Transfers from other pension funds 273 661 13 68 18 51
     
Interest income and dividends 201 230 290 229 172 232
Interest income from deposits 22 27 7 7 7 12
Interest income from bonds 155 167 248 192 140 186
Dividends 5 18 26 21 23 30
Other interest income and dividends 19 18 10 10 3 5
     
Other income 95 385 406 892 765 485
Gains on bonds 14 77 66 49 14 6
Gains on shares 15 31 70 271 190 234
Other income 66 276 270 572 561 246
     
Transfers form reinsurance premiums 4 4 5 15 2 1
     
Costs   
     
Administrative expenses 24 30 31 35 24 23
     
Pensions 288 330 336 341 214 226
Old-age pensions 166 191 194 197 143 150
Disability pensions 52 58 56 55 25 26
Matrail pension 68 79 83 86 45 49
Children's pensions 3 3 3 3 2 2
Premium exemption due to disability .. .. .. .. .. ..
     
Transferred to other pension funds 0 85 307 30 1 1
     
Other expenses 249 32 206 263 460 453
Losses on securities etc. 205 16 9 26 21 20
Deprecations and value adjustments 0 .. .. .. .. 1
Other expenses 44 16 198 238 439 432
     
Reinsurance premiums payable 10 10 12 3 3 1
     
To/from revaluation reserve -1 215 50 223 113 -213
     
Bound appropriations 698 1 142 645 306 292 692
To/from premium reserve 692 1 121 604 260 260 643
To supplementary depositions .. 20 39 40 25 41
Interest to premium funds 6 1 2 5 6 7
To/from secutrity funds 0 0 0 0 1 0
Pensioners share of the surplus fund .. .. .. .. .. ..
Other bound appropriations .. 1 .. .. .. ..
     
Profit/loss before tax -108 41 248 470 213 69
     
Tax 0 1 6 1 1 1
     
Profit/loss -108 39 242 469 212 68
     
Transfers -108 39 242 469 212 68
To premium funds 1 26 161 383 139 44
To equity and subordinated capital -110 11 80 16 74 24
Interest on deposited capital .. .. .. .. .. ..
Other transfers 0 2 .. 69 .. ..

Explanation of symbols

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