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Securities broking enterprises
1 Securities broking enterprises. Profit and loss account. Per 31. December. Million kroner1
2001 2002 2003 2004 2005
     
Operating income 3 925 3 285 3 727 5 158 8 437
Broker commissions equityinstruments 1 091 881 911 1 074 1 654
Net trade equityinstruments 104 170 148 90 95
Broker commissions debtinstruments 0 6 3 33 43
Net trade debtinstruments 68 62 137 185 285
Net income marketmaking 47 22 95 132 260
Trade with other financial instruments 2 27 3 5 8
Other broker commissions (gains) 6 5 3 3 16
Income from issues and advisory activity 1 340 827 837 1 311 2 554
Management of securities 865 794 860 1 289 1 703
Other income from investments 336 359 472 884 236
Capital management 5 2 110 9 37
Other operating income 62 130 149 142 1 546
     
Operating expenses 3 305 2 963 2 834 3 233 4 476
Personel costs 1 609 1 393 1 501 1 635 2 504
Deprecations etc. 277 193 129 80 96
Operating expenses premises 33 22 8 3 6
Other broker commissions (losses) 34 29 11 14 42
Loss on claims 57 47 9 9 18
Capital management 2 5 9 8 6
Other operating expenses 1 294 1 274 1 168 1 484 1 806
     
Operating profit 619 322 893 1 925 3 961
     
Investment income/charges -49 -54 -8 -259 -389
Income from participations and subsidiaries2 4 8 -1 -4 -31
Share dividend 1 1 2 1 3
Interest income3 328 355 296 103 143
Interest charges4 176 241 172 59 72
Net gains and value adjustments -20 -16 4 -70 12
Net other investment income/charges5 -187 -161 -137 -230 -444
     
Profit/loss on ordinary activities 570 268 884 1 666 3 572
     
Extraordinary income 74 9 .. .. ..
Extraordinary expenses 156 118 107 109 255
     
Tax 202 115 219 430 892
     
Profit/loss 286 43 558 1 128 2 425
     
Application and transfers 286 43 558 1 128 2 425
Dividends 688 297 248 527 714
Submitted/received group contributions 130 -40 264 594 1 029
Transfered to/from revaluation reserve 2 -11 -2 14 -19
Transfered to/from other equity -534 -204 48 -8 701

1Numbers as from 1999 are not comparable with earlier numbers due to a new law for accounting from 01.01.1999.
2Before 1999 this item included debt to customers.
3Up to 1999, this item included dividends from other than participations.
4Before 1999 the item is equal to investments charges to participations.
5Before 1999 are interest charges to other than participations and net gains and value adjustments also included in this item.

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