Financial holding companies, 2001

The annual profit went down from NOK 4.1 billion in 2000 to NOK 3.6 billion in 2001. The decline was mainly caused by lower income from participating interests dividend from affiliated undertakings by approximately NOK 1 billion. In addition, the operating expenses went up by 33 per cent to NOK 556 million. These effects were partly offset by lower taxes by NOK 600 million. Financial income and financial expenses were at the same level as in 2000.

Total assets grew by 2 per cent in 2001 to NOK 59.6 billion. The increase was caused by the positive annual profit, which again increased deposits and financial current assets.

The annual profit and total assets were also affected by structural changes. 2 new financial holding companies were included in the statistics, while 2 other were taken out. There were 10 financial holding companies in 2001.

Tables:

• Table 1 Financial holding companies . Profit and loss account. Per 31. December. Million kroner
• Table 2 Financial holding companies. Balance sheet by financial instrument. Per 31. December. Million kroner