Norway Yearbook - 2003

Financial intermediation
545 Unit trusts. Balance sheet per 31 December. Million kroner
1
Market value. 2Difference in exchange rates ¡s not included.
Source: Financial institutions, Statistics Norway. From 1996 Central Bank of Norway.
More information: http://wvw.ssb.no/finansinst_erV and http:/Mww.norges-bank.no/english/
1995 1996 1997 1998 1999 2000 2001*
Assets
Cash and deposits 1832 4191 4125 2880 4761 4274 3734
Treasury bills etc.1 -
Commercial papers1 11955 13286 14077 12113 13747 17358 21064
Bonds1 14883 17433 22478 21 060 21 513 28823 31 449
Shares and primary capital certificates1 15999 30 309 55 916 49 099 81109 91 474 74740
Negotiable notes1 16 2 19 - -
Other financial assets 962 1148 1150 1 036 1 068 1 862 2086
Total 45647 66368 97765 86188 122198 143792 133073
Liabilities
Participation capital 39211 53402 77945 78 540 88654 113 544 120 148
Other equity 5426 11 222 17727 6350 31818 27700 11 573
Other liabilities 1 011 1 745 2093 1 298 1 726 2 548 1 352
Total 45647 66368 97765 86188 122198 143792 133073
Specifications
Participation capital own by households2 26872 38 779 59868 50 174 75 640 82 998 73 094
Number of unit trusts 197 201 229 264 310 378 400
546 Unit trusts. Profit and loss account. Million kroner1
1996 1997 1998 1999 2000 2001*
Portfolioincome 9577 14466 9069 30757 12891 6768
Interest income 1 911 1 868 2 189 2 508 3 097 4 139
Share dividend 550 886 1104 1145 1 482 1 524
Gains on securities 3 350 8908 4907 4816 15088 1
Net changes in unrealized gains ors securities 3 765 2 804 792 22 345 -6 822 1 081
Other portfolio income .. 34 -57 45 24
Portfolio losses 559 1 391 20861 927 10307 18590
Losses on securities 521 698 4803 777 1 038 11 893
Net changes in unrealized losses on securities 38 692 16 057 150 9269 6696
Portfolio profit/loss 9017 13075 -11 835 29830 2 584 .11 822
Management of financial items -894 -1 471 -1 621 -1 412 -1 777 -1 585
Commision income 5 19 29 55 82 41
Other income .. 2 6 23 10
Management charges 587 1 066 1 201 1 395 1 780 1 534
Interest charges 234 269 306 1 11 1
Other expenses 78 84 142 77 91 102
Profit/losses on ordinary activities 8123 11 675 -13 453 28418 807 .13 407
Tax 11 17 30 34 43 90
Profit/losses 8112 11658 -13484 28384 764 -13497
1Due to a new accounting law from 1999, the numbers before 1999 are not directly comparable with the numbers after 1999.
Source: Central Bank of Norway. More information: http://www.norges-bank.no/englislV
Statistical Yearbook of Norway 2003 425