Accounts and Annual Report


Danmarks Nationalbank publishes its "Annual Report" in March each year. ​​​​​​​​​​Danmarks Nationalbank is a self-governing institution. Danmarks Nationalbank's profit after allocations is payable to the central government.

Danmarks Nationalbank's accounts for 2017 show a loss of kr. 0.3 billion, compared with a profit of kr. 3.9 billion in 2016. Much of the loss is attributable to the fact that a large part of the foreign exchange reserve earns negative interest.

The financial result for 2017 was a profit of kr. 0.5 billion. The equity exposure contributed kr. 1.0 billion, while interest on deposits provided interest income of kr. 1.4 billion. Furthermore, the euro strengthened a little against the krone, resulting in a positive exchange rate adjustment of kr. 0.6 billion, while interest expenses amounted to kr. 2.4 billion since a large part of the foreign exchange reserve earns negative interest. A fall in the price of gold measured in kroner meant that the value of the gold stock was adjusted downwards by kr. 0.3 billion.

Since the result for the year was negative, no allocations will be made to the central government for the financial year 2017.

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