Private pension funds . Balance sheet. 31 December. NOK Million

Pension funds, 2003
2	Private pension funds¹. Balance sheet. 31 December. NOK Million

	1998	1999	2000	2001	2002	2003*



Assets

Intangible assets	..	..	..	148	584	656

Tangible fixed assets	2 079	2 459	3 235	3 453	3 534	3 788
Land and buildings	2 076	2 376	3 151	3 446	3 533	3 787
Machinery, equipment and vehicles	3	83	84	7	1	1

Capital assets	5 759	4 802	5 213	6 377	7 225	8 768
Shares, participations and primary capital assets	952	910	950	1 213	1 333	1 528
Bonds	4 807	3 891	4 262	5 164	5 892	7 240

Short-term invesments	39 073	45 658	47 475	47 232	42 839	53 110
Shares, participations abd primary capital certificates	10 331	18 563	18 895	18 334	11 776	19 404
Bonds	26 519	24 466	27 225	26 093	25 031	26 642
Certificates	2 223	2 630	1 355	2 806	5 984	7 052
Financial derivatives	..	..	..	..	48	12

Loans utilized	1 508	1 830	1 705	2 102	2 364	2 752
Gross loans	1 508	1 830	1 705	2 102	2 364	2 752
Specified provisions on loans	..	..	..	..	..	..

Unspecified provisions on loans	-1	..	..	..	..	..

Other claims	1 132	2 179	1 034	1 317	1 730	1 881
Matured not yet paid premiums	26	41	31	68	186	429
Matured not yet paid financial income	68	7	4	12	7	121
Earned not yet paid financial income	800	723	729	783	768	723
Other claims	238	1 408	269	454	768	608

Cash and bank deposits	2 144	1 869	2 611	2 882	2 817	3 503

Total assets	51 694	58 797	61 273	63 510	61 093	74 458

Liabilities, provisions and subordinated capital

Subordinated capital	2 581	3 018	3 740	4 396	4 202	4 911
Capital	2 344	2 822	3 593	4 101	3 696	3 836
Deposit capital	1 096	742	1 641	1 250	3 065	2 539
Share of profit	1 220	2 080	1 952	2 852	631	1 297
Other capital	28	..	..	..	..	..
Addition capital	237	196	147	294	507	1 076
Subordinated loan capital	207	164	164	203	430	992
Perpetual subordinated loan capital	11	18	-18	91	77	84
Other additional capital	20	14	0	..	..	..

Revaluation reserve	..	4 197	1 857	615	43	3 171

Technical provisions	47 496	50 712	53 919	57 208	56 386	65 505
Premium reserve	33 671	37 073	40 342	46 034	48 804	54 859
Additional provisions	1 561	1 911	2 069	2 069	713	2 507
Premium provision	11 194	10 785	10 760	8 531	6 507	7 567
Pension provisions	1 051	944	748	501	326	99
Other technical provisions	19	..	..	73	37	473

Equalization provision	333	356	354	85	81	84

Other liabilities	1 283	514	1 403	1 207	381	787
Matured, not paid pensions	2	0	4	0	0	1
Matured other expences	44	63	36	39	87	113
Payable tax	68	91	40	35	24	11
Other liabilities	1 169	360	1 323	1 133	271	662

Total equity, provisions and subordinated capital	51 693	58 797	61 273	63 510	61 093	74 458

¹Before 1998 municipal enterprises pension funds are included in private pension funds.