Accounting statistics for other financial enterprises (discontinued), 2002-2004

The operating profit for other financial enterprises and activities auxiliary to financial enterprises was NOK 3.2 billion in 2004. For 2003 and 2002 the operating profit was NOK 3.6 billion and NOK -2.4 billion, respectively. Hence, the significant raise from 2002 to 2003 did not continue in 2004. This was particularly due to the companies' revenue inside and outside the VAT area for the years 2002-2004, and a merger within the industry "Administration of financial markets" in 2003.

Increase in equity

Total equity increased by 7.5 per cent from 2003 to 2004 and by 8.8 per cent from 2002 to 2003.

The retained earnings, which is linked to the companies' operating profits, went up by 9.6 per cent from 2002 to 2003 and declined slightly from 2003 to 2004.

Sectoral differences

The operating profit was positive for activities auxiliary to financial enterprises for all of the three years in 2002-2004, and was highest in 2003 with NOK 5.3 billion. For other financial enterprises the operating profit was negative for the years 2002 and 2003, but turned into a positive figure of NOK 0.4 billion in 2004. At the end of 2004 activities auxiliary to financial enterprises had an equity of NOK 26.9 billion, whereas the corresponding figure for other financial enterprises was NOK 15 billion. By the end of 2004 the survey comprised 564 enterprises with 3532 employees within activities auxiliary to financial enterprises. The corresponding figures for numbers of enterprises and employees for other financial enterprises were 172 and 190, respectively.

Types of companies in this accounting statistics survey

The statistics comprises enterprises within the two institutional sectors 390 Other financial enterprises and 490 Activities auxiliary to financial enterprises. From sector 390 Other financial enterprises the survey comprises investment and development companies investing in instruments, preferentially shares in other companies. The figures for sector 490 comprise information about companies within administration of financial markets, security broking and fund management, activities auxiliary to financial intermediation n.e.c. and activities auxiliary to insurance and pension funding. The following enterprises within sectors 390 and 490 are not part of this statistics due to separate data collection and publishing of results: Financial holding companies, securities broking enterprises and insurance brokers. Statistics for these companies can be found on http://www.ssb.no/en/finhold/ , on http://www.ssb.no/en/vpforetak/ and on http://www.ssb.no/en/forsmegl/ , respectively.

Tables:

• Table 1 Selected accounting figures. Profit/loss statement. Other financial enterprises. 2002-2004. NOK million
• Table 2 Seledted accounting figures. Balance sheet. Other financial enterprises. 2002-2004
• Table 3 Selected accounting figures. Profit/loss statement. Activities auxiliary to financial enterprises. 2002-2004. NOK million
• Table 4 Selected accounting figures. Balance sheet. Activities auxiliary to financial enterprises. 2002-2004. NOK million