4067_not-searchable
/en/bank-og-finansmarked/statistikker/finhold/arkiv
4067
Significantly improved annual profits
statistikk
2005-06-09T10:00:00.000Z
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, 2004

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Significantly improved annual profits

The annual profit for the financial holding companies increased by nearly NOK 4.5 billion from 2003 to 2004, to NOK 8 billion. The increase was due to larger operating incomes.

The operating incomes increased from NOK 4.4 billion in 2003 to above NOK 9 billion in 2004. The operating expenses increased at the same time by only NOK 37 million. Financial costs exceeded financial incomes from 1999 to 2003, but in 2004 the net financial income was 1.7 billion. More than 40 per cent of the annual profits were transferred to group contribution, 24per cent to dividend and the rest to other equity.

Total assets increased by nearly 7 per cent. The increase of NOK 5 billion was mainly due to a growth in claims on group companies, short-term investments and bank deposits. The large fluctuations in liabilities are due to the larger companies different investments and many mergers over the last years.

The number of financial holding companies came to seven in 2004.

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