Home > Statistics > Investment service companies > 2016 > 1st quarter > Net operating profit of investment service companies continued falling

Published: 7 July 2016

Net operating profit of investment service companies continued falling

The net operating profit of investment service companies was EUR 20 million in the first quarter of 2016. The net operating profit decreased by EUR 25 million compared to the corresponding quarter last year. Good EUR eight million less 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 quarter 2009-2016, EUR million

Commission income and expenses

In the first quarter, investment service companies accrued a total of EUR 90 million in commission income, which is EUR 13 million less than in the corresponding period of 2015. Compared to the previous quarter, commission income decreased by EUR 20 million. Commission expenses amounted to EUR 24 million, which is EUR one million less than one year previously. Compared to the previous quarter, commission expenses went down by EUR three million.

Interest income and expenses

Interest income amounted to EUR 0.2 million, which is 43 per cent less than one year earlier and 44 per cent less than in the previous quarter. Interest expenses were EUR 0.1 million in the first quarter and they fell by 36 per cent from the previous year's quarter. Compared with the previous quarter, interest expenses went down by 15 per cent.

Administrative and operating expenses

The largest expenditure item of investment service companies was administrative expenses, which in the first quarter of 2016 amounted to EUR 47 million, which is EUR six million more than in the previous year and EUR five million less than in the previous quarter. Of the administrative expenses, personnel expenses amounted to EUR 28 million, or 59 per cent of total administrative expenses. Other operating expenses amounted to EUR seven million, which is EUR three million more than one year previously.

Balance sheets

The aggregate value of the balance sheets was EUR 335 million. The balance sheets grew by 19 per cent year-on-year. The share of own equity in the total of the balance sheets was 61 per cent.

At the end of the first quarter of 2016, there were 63 investment service companies operating in Finland, of which 34 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

Publication in pdf-format (232.3 kB)

Tables

Tables in databases

Pick the data you need into tables, view the data as graphs, or download the data for your use.

• Database tables and their variables
• Archived tables

Appendix tables

• Appendix table 1. Profit and loss accounts of investment firms 1.1.- 31.3.2016, EUR thousands (7.7.2016)
• Appendix table 2. Balance sheet of investment firms 1.1.- 31.3.2016, EUR thousands (7.7.2016)
• Appendix table 3. Itemisation of investment firms administrative expenses 1.1.- 31.3.2016, EUR thousands (7.7.2016)

Figures

• Appendix figure 1. Investment firms' commission income by quarter 2009-2016, EUR million (7.7.2016)
• Appendix figure 2. Investment firms commission income by quarter, 1st quarter 2005-2016, EUR million (7.7.2016)

---

Updated 7.7.2016