Norway Yearbook - 2003

Financial intermediation
541 Mortgage companies. Profit and loss account. Million kroner
1997 1998 1999 2000 2001 2002*
Interest income and credit commissions on loans 4878 5839 7522 11 021 12658 12451
Other interest income 2 267 2 230 2 067 3 275 2 891 1 663
Interest expenses 6292 7 124 8253 12748 13 744 12263
Premium to guarantee fund - 1 7 -
Net interest income 854 944 1 329 1 549 1 805 1 851
Other operating revenue
Dividends on financial assets 23 28 30 38 46 41
Net profit/loss on securities -3 15 62 30 19 -80
Net profit/loss on foreign exchange and financial
instruments -14 -13 -4 13 -4 -5
Commissions and fees 6 4 4 5 10 16
Other operating revenue 74 10 10 73 35 24
Other operating expenses
Personal expenses 167 164 180 202 227 212
Depreciations 16 12 11 14 23 21
Value adjustments on non-financial assets - - - -
Other operating expenses 131 101 109 187 204 247
Operating profit before losses and value adjustments . 628 710 1138 1 304 1 456 1 365
Losses and value adjustments
Value adjustments (re-value adjustments) on financial assets - - O O O
Loss/profit on financial assets - 63 -82 19 66 0
Net loss on loans and guarantees -33 -4 33 0 25 100
Operating profit 661 651 1186 1 285 1 365 1 264
Net extraordinary items 47 33 144 -
Taxes 130 149 243 330 375 359
Profit 577 536 1 087 955 990 905
Source: Central Bank of Norway. More information: http://w,sw.ssb,no/finansinst_en/ and http://wwnorges-bank.no/english/
5 42
Mortgage companies. Balance sheet by financial instrument per 31 December.
Million kroner
1997 1998 1999 2000 2001 2002*
O
coinsi
Assets
Notes and O O O O
Deposits 2012 1191 2002 2649 4586 3535
Commercial papers and treasury bills 6060 2 438 849 6 124 809 3 652
Bonds 14833 22116 23852 27861 42575 50485
Shares, participations and primary capital certificates 638 539 592 876 724 783
Loans1 (utilized) 81813 108389 116766 176444 204279 219919
Gross loans 81916 108310 116868 176543 204390 220034
-Specified provisions on loans 103 79 102 99 111 115
-Unspecified provisions on loans 190 238 248 261 248 284
Other financial assets -158 3 008 3 707 -2 109 -2 657 501
Otherassets 159 149 150 156 225 204
Total 105 753 138 068 148 369 212 461 250 293 278 795
Liabilities
Commercial papers 6456 11 060 21 676 21 498 23 371 30 111
Bond loans 70899 81621 87980 127680 145928 152638
Otherloans 18408 33391 25400 46256 65650 80022
Other liabilities 2 787 3 046 3437 4993 3908 4062
Share capital/primary capital certificate funds 3 600 4313 4 526 6 186 6 542 6 542
Funds and other appropriations 3 017 4 159 4649 5126 4894 5 027
Receipts (net) - - - 0 394
Total 105167 137592 147669 211740 250293 278795
Specifications
Claims on foreign debtors 19378 30007 33310 29934 39618 56676
Debts to foreign creditors 51 471 64926 74724 94263 121137 135344
Loans after specified provisions.
Source: Central Bank 0f Norway. More information: http.//www.ssb.no/finansinst_en/ and http://www.norges-bank.no/englishl
Statistical Yearbook of Norway 2003 423