|
Accounts
for the Year 1998
Profit and loss account for the year 1998
| Note |
|
|
1998
kr. '000 |
1997
kr. '000 |
| |
Income from interest, etc.: |
|
|
|
| |
Interest on foreign assets |
5,101,568 |
|
4,888,487 |
| 1 |
Interest on loans etc. |
1,678,387 |
|
1,351,587 |
| |
Interest and dividend on bonds and shares, etc. |
2,520,201 |
|
2,628,426 |
| |
Commission and other income |
3,911 |
|
6,226 |
|
| |
|
|
9,304,067 |
8,874,726 |
|
| |
Expenditure on interest, etc.: |
|
|
|
| |
Interest on foreign liabilities |
96,656 |
|
69,887 |
| 2 |
Interest on deposits, etc. and certificates of deposit |
4,359,206 |
|
3,580,900 |
|
| |
|
|
4,455,862 |
3,650,787 |
|
| |
Net income from interest |
|
4,848,205 |
5,223,939 |
|
| |
Value adjustments, etc.: |
|
|
|
| |
Value adjustment of gold |
- 296,006 |
|
- 468,869 |
| |
Value adjustment of foreign assets |
844,062 |
|
1,617,092 |
| 3 |
Value adjustment of bonds and shares etc. |
446,539 |
|
- 134,289 |
|
| |
|
|
994,595 |
1,013,934 |
|
| |
Profit from financial items |
|
5,842,800 |
6,237,873 |
|
| 4 |
Other income from ordinary operations |
|
67,671 |
- |
|
| |
Expenses: |
|
|
|
| 5 |
Administrative expenses |
376,244 |
|
327,821 |
| 6 |
Expenses incidental to the note production |
81,803 |
|
78,122 |
| 7 |
Expenses incidental to The Royal Mint |
24,147 |
|
20,719 |
|
| |
|
|
482,194 |
426,662 |
|
| |
Other expenditure on ordinary operations |
|
- |
187,235 |
|
| |
Profit for the year |
|
5,428,277 |
5,623,976 |
|
| |
Which is allocated as follows: |
|
|
|
| |
Allocation to Value Adjustment Reserve |
|
994,595 |
1,013,934 |
| |
Allocation to General Reserves |
|
1,330,105 |
1,383,013 |
|
| |
Payable to the central government |
|
3,103,577 |
3,227,029 |
|
|
Pursuant to the Danmarks Nationalbank Act the profit
for the year after allocations is payable to the
central government.
|
"to be continued on next page"
|
