Financial holding companies

Updated: 4 June 2024

Next update: Not yet determined

Assets for financial holding companies

2023

52 681

NOK million

Financial holding companies. Key figures. NOK Million
	Total
Assets	53 348	52 681
Investments in subsiduaries	41 321	42 498
Loans to group and associated companies	4 898	6 157
Profit/loss on ordinary activities.	7 024	4 611
Profit/loss	6 490	4 402
Operating income	7 532	5 739

Selected tables and charts from this statistics

Table 1Financial holding companies. Profit and loss account. NOK Million

Financial holding companies. Profit and loss account. NOK Million
	2019	2020	2021	2022	2023
Operating income	34 254	21 518	6 844	7 532	5 739
Income from ownership i group- and assosiated companies	33 811	19 611	6 364	6 976	5 337
Other operating income	443	1 908	480	556	402

Operating expenses.	996	960	841	930	1 776
Personnel costs	837	724	537	572	531
Depreciation	1	0	1	4	1
Other operating expenses.	158	236	303	353	1 244

Financial income and expenses	1 658	83	511	421	648
Interest income from securities	55	72	53	68	88
Other interest income(2).	163	107	47	95	31
Dividends on shares, unit trust and equity certificates, excluding ownership interests	32	577	442	423	617
Interest expenses of securities	89	56	39	53	66
Other interest expenses	696	590	102	185	3
Net profit etc. on capital assets	15	.	.	.	.
Net profit etc. on short-term investments and currency.	2 177	-32	188	-37	93
Net other financial items	0	6	-79	110	-111

Profit/loss on ordinary activities.	34 916	20 641	6 514	7 024	4 611

Taxes on ordinary activities	303	648	489	534	208

Net extraordinary income	0	1	0	0	-2

Taxes on extraordinary result	0	0	0	0	0

Profit/loss	34 613	19 994	6 025	6 490	4 402

Allocations and transfers	34 613	19 993	6 025	6 489	4 402
Dividens	16 037	16 167	2 064	2 090	2 034
Transfered/received group contribution	2 706	-1	-1	19	.
Transferred to/from revaluation reserve	.	.	.	.	.
Transferred to/form other equity.	15 870	3 827	3 962	4 380	2 368

Explanation of symbols

Source

StatBank source table 04480

Table 2Financial holding companies. Balance sheet. NOK Million

Financial holding companies. Balance sheet. NOK Million
	2019	2020	2021	2022	2023
ASSETS
Intangible assets	137	96	118	98	148

Investment properties	2	.	.	.	.

Fixed tangible assets	45	48	49	49	52

Capital assets	119 112	121 374	41 760	41 613	42 798
Investments in subsiduaries	118 593	120 902	41 293	41 321	42 498
Shares i ltd and gen partnerships	191	206	199	22	24
Shares in securities funds	187	126	127	129	136
Bonds	140	140	140	141	141

Loans	2 253	2 067	1 982	4 915	6 166
Lans to group and associated companies	2 248	2 062	1 977	4 898	6 157
Other loans	5	5	5	17	9

Other long term assets	361	1 805	156	128	102
Other long term assets in group and assosiated companies	13	12	28	24	21
Other long term accounts	348	1 793	128	104	81

Accounts receivable	31 599	18 964	6 700	737	551
Short-term claims on group companies	31 426	18 750	6 516	473	249
Other short-term claims	173	214	184	264	303

Short-term investments	3 307	5 196	5 270	5 253	2 386
Shares and equity certificates	44	57	55	40	31
Shares in securities funds	3 260	4 904	4 847	4 656	2 355
Bonds	.	.	.	.	.
Certificates etc	.	.	.	.	.
Financial derivatives	3	235	368	557	.

Bank deposits	5 035	1 949	189	554	478
Banks	5 001	1 949	189	554	478
Foreign banks	35	0	.	.	.

Cash	0	4	.	.	.

Total assets	161 851	151 502	56 226	53 348	52 681

Liabilities and equity capital
Equity capital	112 827	102 633	43 324	43 199	41 941
Deposit capital	65 126	62 490	23 689	21 056	21 931
Share capital	27 126	24 330	8 566	7 557	7 718
Premium fund	38 001	38 160	15 123	13 499	14 213
Retained earnings	47 701	40 142	19 635	22 144	20 009
Revaluation reserve	.	.	.	.	.
Other equity	.	.	.	.	.

Provisions for obligations	192	198	204	182	179

Other long-term liabilities	31 203	30 440	8 760	6 453	7 213
Bonds	2 491	2 084	2 952	2 452	2 038
Long-term debt to credit institutions	28 646	28 343	5 656	3 829	5 023
Other long-term debt to group companies	54	..	6	50	50
Other long-term liabilities	11	13	146	122	102

Short-term liabilities	17 630	18 231	3 938	3 513	3 349
Certificates	.	.	.	.	.
Short-term debt to credit institutions	.	.	.	.	.
Payable tax etc	166	481	215	172	134
Transferes to dividend	16 037	15 044	381	2 069	1 981
Other short-term debt to group companies	976	1 154	1 269	1 025	1 044
Other short-term liabilities	451	1 552	2 073	247	190

Total equity and liabilities	161 851	151 502	56 226	53 348	52 681

Spesifications
Number of companies	13	11	10	9	7

Explanation of symbols

Source

StatBank source table 04479

More figures from this statistics

See complete overview in Statbank (3)

About the statistics

A financial holding company is characterised as a parent company in or part of a financial group in accordance with the Financial Business Act. Financial holding companies are not financial institutions in the traditional sense. Their role in the financial market is primarily to manage ownership interests in other financial institutions (their subsidiaries).

The information under «About the statistics» was last updated 22 March 2021.

Definitions

Definitions of the main concepts and variables

Balance sheet: The balance sheet shows assets, liabilities and equity at the end of accounting period.

Profitt and loss account: The profit and loss account shows income, costs and expenses over the course of the accounting period.

Standard classifications

We have four types of classification: instrument, sector, industry and type.

Financial instruments and physical capital: Liabilities, claims and other assets in the balance sheet of the financial institutions are divides into two main groups with a view to providing major uniform groups such as bank lending, funding and deposits.
Debtor and creditor industry: Borrowers and lenders are classified according to institutional sector classification, based on national accounts rules.
Debtor and creditor industry: Based on the rules in the industry standard, the individual financial instruments are grouped according to the debtor's or creditor's industry affiliation.
Types of income and expenses: Including interest income and expenses, are based on national accounts rules.

Administrative information

Name and topic

Name: Financial holding companies
Topic: Banking and financial markets

Next update

Not yet determined

Responsible division

Division for Financial Markets Statistics

Regional level

Only at national level

Frequency and timeliness

Annual

International reporting

Eurostat

Microdata

Publication-ready data are stored in a FAME-database

Background

Background and purpose

The purpose is to contribute financial accounting data to the credit market statistics and the financial sector balance sheets and the census of foreign assets and liabilities. Statistics Norway's accounts statistics for financial holding companies in Norway contain figures from 1994. Since 1996 the statistics have been based on standardized questionnaires, while the accounting data for 1994 and 1995 are based on information in annual reports.

Users and applications

The statistics are includes in national accounts, financial sectors balances and the census of foreign assets and liabilities.

Equal treatment of users

Not relevant

Coherence with other statistics

The statistics are based on the guidelines in the System of National Accounts (SNA) and the IMF's Manual on Monetary and Financial Statistics.

Legal authority

Act on the supervision on Credit Institutions, Insurance Companies and Securities Trading etc. Statistics Act Section 2-2.

EEA reference

Council regulation (EC) no. 2223/96

Council regulation (EC) no. 1392/2007

Council regulation (EC) no. 1606/2002

Council regulation (EC) no. 297/2008

Production

Population

The population is all financial holding companies in Norway licensed by the Banking, Insurance and Securities Commission.

Data sources and sampling

The statistics are based on accounting data from the enterprises.

The sample is defined by financial holding companies licensed by the Banking, Insurance and Securities Commission.

Collection of data, editing and estimations

Statistics Norway collect the accounting information from the enterprises.

Revision of the Financial holding companies accounting statments are undertaken by Statistics Norway.

Seasonal adjustment

Not relevant

Confidentiality

If there are less than three observations in one cell, numbers will not be published.

Comparability over time and space

The accounts statistics for financial holding companies are, as far as possible, based on current accounting rules. Breaks can therefore occur in connection with changes in accounting legislation.

Accuracy and reliability

Sources of error and uncertainty

Errors and discrepancies can occur in the accounting data. These discrepancies can have a number of sources:

Errors in the reporting institutions' accounts
Errors in the transfer of data from the institution's primary accounts to recipients
Different accounting and evaluation principles
Different accounting dates for transactions
Insufficient data from the reporting parties
Processing errors

Due to large amounts of data and a dynamic control and revision system, published data will be regarded as preliminary until next years data for the same period is published. This means that data for the current year may be revised without this being marked in the preceeding publishing. Large and important revision however, will be commented upon in the publishing of Today's Statistics.

Revision

Not relevant

Relevant documentation

Accounting Statistics for financial enterprises 1990-1997 (NOS C515)

Find more figures in Statbank

Statistics

Financial accounts

Survey of institutional sectors’ financial assets, liabilities and financial transactions.

Contact

Ola Tveita

ola.tveita@ssb.no

(+47) 99 73 45 83