4075_not-searchable
/en/bank-og-finansmarked/statistikker/finhold/arkiv
4075
Increased operating income
statistikk
2001-08-30T10:00:00.000Z
Banking and financial markets
en
finhold, Financial holding companies, profit and loss account, balance sheet, utilised loans, securities, bonds, commercial papersFinancial institutions and other financial corporations, Banking and financial markets
false

Financial holding companies, 2000

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Increased operating income

Financial holding companies increased the operating income by NOK 775 million to NOK 6 432 million. This is an increase of 14 per cent compared with 1999. The annual profit was reduced by 39 per cent compared with 1999, to NOK 4 092 million in 2000.

The net financial income went down from NOK 1 631 million in 1999 to NOK - 758 million in 2000. The reduction was caused by a fall in the net profit on financial fixed assets from NOK 346 million in 1999 to NOK - 353 million in 2000. Furthermore, the net profit on financial currant assets and foreign exchange altered from NOK 1 365 million in 1999 to NOK - 95 million in 2000. A further contribution to the reduction of the net financial income was an increase of interest expenses of securities from NOK 185 to 444 million.

Total assets showed a huge increase from NOK 16 650 million in 1998 to NOK 58 679 million in 1999. Between 2000 and 1999 the total assets were unchanged.

The total number of financial holding companies was reduced from 13 in 1999 to 10 in 2000.

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