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Norway Yearbook - 2003

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Financial intermediation<br />

553 Non-life insurance companies. Balance sheet per 31 December. Million kroner<br />

1997 1998 19992 2000 2001 2002*<br />

Assets<br />

Cash and deposits 6888 6635 7 709 6233 6692 7860<br />

Commercial papers and treasury bills 6039 4643 5682 3912 3891 8809<br />

Bonds 27372 28413 21594 27929 26004 28533<br />

Shares and primary capital certificates 20 147 21 844 26672 22618 22 546 11 086<br />

Loans1 (utilized) 4109 3 565 1 438 1 745 1 094 1131<br />

Gross loans 4237 3671 1502 1757 1104 1140<br />

- Specified provisions 128 106 64 12 10 9<br />

- Unspecified provisions 75 63 7 6 3 4<br />

Other financial assets 8810 10910 11 241 11 350 16382 15 849<br />

Other assets 4638 4799 23 089 22 172 24 449 24729<br />

Total 77927 80747 97417 95952 101053 97995<br />

Liabilities<br />

Bonds 69 69 69 -<br />

Other loans 19 39 8 8 26 223<br />

Technical reserves 57409 59655 61 944 64812 73 716 73 708<br />

Other liabilities 6646 6545 8218 9573 8 132 7943<br />

Share capita Vprimary capital certificate funds 3 762 4007 3 882 4089 4278 2 553<br />

Funds and other appropriations 10022 10431 23 296 17471 14901 13 568<br />

Total 77927 80747 97417 95952 101053 97995<br />

Specifications<br />

Claims on foreign debtors 18477 22 200 39248 39747 40808 36988<br />

Debts to foreign creditors 8659 12342 8705 9076 9947 8571<br />

'Loans after specified provisions. 2From 1999 market value is used on short term investments.<br />

Source: Life and non-life insurance, Statistics <strong>Norway</strong>. More information: http://www.ssb.nolforsikring_en/<br />

554 Pension funds. Working account1. Million kroner<br />

1994 1995 1996 1997 1998 1999 2000 2001<br />

. .<br />

.<br />

.<br />

Contribution to the pension fund 4345 4334 6 177 5267 8326 7407 7666 7625<br />

Transfers from other pension funds . 197 358 1 684 2 189 676 428 915<br />

Interest rates and dividends 3 576 3 910 3961 3 922 4237 4096 4253 4 117<br />

Other incomes 949 1222 1511 2425 1012 7803 3654 2037<br />

Transfers from reinsurance premiums 16 13 22 82 93<br />

Wages and administration expenses . 153 175 205 221 227 274 315 308<br />

Pensions 2349 2459 2651 2830 3 162 3303 3490 2875<br />

Transferred to other pension funds 204 207 265 380 1 968 837 1 380 1 432<br />

Other operating expenses 1468 213 217 311 1716 1355 3072 4987<br />

Boundedallocation 3216 5037 6721 7068 7730 7470 7386 6224<br />

To/from revaluation reserve 3622 -2 597 -1179<br />

Taxes 53 32 32 43 65 66 -66 -40<br />

Profit/loss for the year 1 427 1 540 1 916 2 461 909 3077 3 103 180<br />

1<br />

Private and municipal pension funds.<br />

Source: Pension funds, Statistics <strong>Norway</strong>. More information: http://ww.ssb.no/pensjonsfor,deril<br />

430 Statistical <strong>Yearbook</strong> of <strong>Norway</strong> <strong>2003</strong>

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