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Resolution Fund

Results in 2023
The Resolution Fund generated a surplus of DKK 1,460 million in 2023 (2022: DKK 907 million). The surplus was mainly attributable to payment of contributions to the Resolution Fund of DKK 1,206 million. Interest on the securities portfolio and on deposits with Danmarks Nationalbank amounted to DKK 156 million, and market value gains on the securities portfolio amounted to DKK 107 million.
In 2023, the Resolution Fund’s administrative expenses amounted to DKK 20 million, roughly offset by income allotted through the Finance and Appropriation Act. The administrative tasks relate to, among other things, legal work, work involved in preparing resolution plans, participation in resolution colleges for cross-border SIFIs and building up of the Resolution Fund.
Including the contribution collected in 2023 of DKK 1,206 million, the fund has assets of DKK 7.5 billion. In 2023, banks contributed DKK 791 million, mortgage credit institutions contributed DKK 415 million and investment companies contributed DKK 267 thousand. Of the total contribution, DKK 1,204 million was related to ratio-based collection of contributions from the 32 largest institutions. The remaining approximately DKK 2 million was paid by the remaining 41 institutions.

Income statement for the Resolution Fund

(DKKm)
2023
2022
Contributions to the Resolution Fund
1,206
1,124
Other income and expenses
274
-200
Result of net financials and coverage activities
1,480
924
Administrative expenses etc.
-20
-17
Result for the year
1,460
907

Balance sheet for the Resolution Fund

(DKKm)
2023
2022
ASSETS
Demand deposits with central banks
4,524
3,204
Securities
2,920
2,778
Investments in subsidiaries, associates, etc.
75
78
Other assets
23
21
Total assets
7,542
6,081
EQUITY AND LIABILITIES
Other liabilities
68
69
Provisions
8
6
Total liabilities
76
75
Resolution Fund
7,466
6,006
Total equity and liabilities
7,542
6,081