Home > Statistics > Investment service companies > 2016 > 2nd quarter > Net operating profit and commission income of investment service companies diminished from the previous year's April to June

Published: 24 October 2016

Net operating profit and commission income of investment service companies diminished from the previous year's April to June

The net operating profit of investment service companies was EUR 27 million in the second quarter of 2016. The net operating profit decreased by EUR 13 million compared to the corresponding quarter last year. Good EUR seven million more net operating profit was accumulated than in the previous quarter. These data derive from Statistics Finland’s statistics on investment service companies.

Investment firms’ net operating profit by guarter 2009–2016, EUR million

Commission income and expenses

In the second quarter, investment service companies accrued a total of EUR 93 million in commission income, which is EUR 16 million less than in the corresponding period of 2015. Compared to the previous quarter, commission income went up by EUR 4 million. Commission expenses amounted to EUR 24 million, which is EUR two million less than one year previously. Compared to the previous quarter, commission expenses went up by EUR 0.1 million.

Interest income and expenses

Interest income amounted to EUR 0.3 million, which is two per cent more than one year earlier and 25 per cent less than in the previous quarter. Interest expenses were EUR 0.1 million in the second quarter and they fell by 47 per cent from the previous year's corresponding quarter. Compared with the previous quarter, interest expenses went up by five per cent.

Administrative and operating expenses

The largest expenditure item of investment firms was administrative expenses, which in the second quarter of 2016 amounted to EUR 47 million, which is four per cent more than in the previous year. Compared with the previous quarter, administrative expenses fell by EUR one million. Of the administrative expenses, personnel expenses amounted to EUR 27 million, or 58 per cent of total administrative expenses. Other operating expenses amounted to EUR 20 million, which is EUR two million more than one year previously.

Balance sheets

The aggregate value of the balance sheets was EUR 323 million. The balance sheets grew by 16 per cent year-on-year. The share of own equity in the total of the balance sheets was 68 per cent.

At the end of the second quarter of 2016, there were 63 investment service companies operating in Finland, of which 39 generated a positive operating result.

Source: Investment firms, Statistics Finland

Inquiries: Kerttu Helin 029 551 3330, Jarkko Kaunisto 029 551 3551

Director in charge: Ville Vertanen

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Appendix tables

• Appendix table 1. Profit and loss accounts of investment firms 1.1.- 30.6.2016, EUR thousands (24.10.2016)
• Appendix table 2. Balance sheet of investment firms 1.1.- 30.6.2016, EUR thousands (24.10.2016)

Figures

• Appendix figure 1. Investment firms' commission income by quarter 2009-2016, EUR million (24.10.2016)
• Appendix figure 2. Investment firms commission income by quarter, 2nd quarter 2005-2016, EUR million (24.10.2016)

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Updated 24.10.2016