Home > Statistics > Investment service companies > 2015 > 4th quarter > Net operating profit of investment service companies contracted by 47 per cent in October to December 2015 from the previous year

Published: 18 April 2016

Net operating profit of investment service companies contracted by 47 per cent in October to December 2015 from the previous year

The net operating profit of investment service companies amounted to EUR 28 million in the fourth quarter of 2015, which is 47 per cent less than in the respective period of the previous year. Compared with the previous quarter, the net operating profit went down by EUR three million. These data derive from Statistics Finland’s statistics on investment service companies.

Investment firms' net operating profit by quarter 2009-2015, EUR million

Commission income and expenses

In the fourth quarter, investment service companies accrued a total of EUR 110 million in commission income, which is EUR 18 million less than in the corresponding period in 2014. Compared to the previous quarter, commission income went up by EUR three million. Commission expenses amounted to EUR 27 million, which is EUR one million more than one year previously. Compared to the previous quarter, commission expenses went up by EUR three million.

Interest income and expenses

Interest income amounted to EUR 0.4 million, which is two per cent less than one year earlier and 18 per cent less than in the previous quarter. Interest expenses were EUR 0.1 million in the fourth quarter and they fell by 15 per cent from the previous year's quarter. Compared with the previous quarter, interest expenses went down by 44 per cent.

Administrative and operating expenses

The largest expenditure item of investment firms was administrative expenses, which in the fourth quarter of 2015 amounted to EUR 53 million, which is EUR four million less than in the previous year and EUR eight million less than in the previous quarter. Of the administrative expenses, personnel expenses amounted to EUR 32 million, or 61 per cent of total administrative expenses. Other operating expenses amounted to EUR nine million, which is close on EUR one million less than one year previously.

Balance sheets

The aggregate value of the balance sheets was EUR 390 million. The balance sheets grew by 25 per cent year-on-year. The share of own equity in the total of the balance sheets was 65 per cent.

At the end of the fourth quarter of 2015, there were 57 investment service companies operating in Finland, of which 44 generated a positive operating result.

Source: Investment firms, Statistics Finland

Inquiries: Kerttu Helin 029 551 3630, Sari Kuisma 029 551 2645

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. Profit and loss accounts of investment firms 1.1.- 31.12.2015, EUR thousands (18.4.2016)
• Appendix table 2. Balance sheet of investment firms 1.1.- 31.12.2015, EUR thousands (18.4.2016)
• Appendix table 3. Itemisation of investment firms administrative expenses 1.1.- 31.12.2015, EUR thousands (18.4.2016)

Figures

• Appendix figure 1. Investment firms' commission income by quarter 2009-2015, EUR million (18.4.2016)
• Appendix figure 2. Investment firms commission income by quarter, 4th quarter 2005-2015, EUR million (18.4.2016)

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Updated 18.4.2016