Private pension funds . Investments in shares by sector. 31 December. NOK Million

Pension funds, 2003
3	Private pension funds¹. Investments in shares by sector. 31 December. NOK Million

Sector	1998	1999	2000	2001	2002	2003*



Total	12 770	19 454	19 827	19 546	13 111	20 932

General government	..	..	..	..	..	..
Central government	..	..	..	..	..	..
County municipalities	..	..	..	..	..	..
Municipalities	..	..	..	..	..	..

Financial enterprises	3 886	4 909	6 584	6 974	5 260	8 760
State lending institutions	..	..	..	..	..	..
Commercial banks	761	357	226	270	317	257
Saving banks	310	338	263	280	187	342
Mortgage companies	9	5	5	5	..	9
Finance companies	5	39	..	..	11	172
Unit trusts (UK)/Mutual funds (US)	2 532	3 543	5 552	5 916	4 202	7 280
Other financial enterprises	229	596	497	459	297	527
Life insurance companies etc.	32	31	4	..	..	..
Non-life insurance companies	8	..	..	6	22	57
Financial auxiliaries	..	..	37	37	224	117

Non-financial enterprises	6 349	8 339	5 848	5 430	4 104	5 554
Central government enterprises	..	..	0	..	..	..
Other state enterprises	225	882	679	569	476	1 997
Municipal enterprises	..	..	..	..	..	..
Private incorporated companies	6 124	7 457	5 168	4 862	3 628	3 557
Private non-profit institutions	..	..	0	..	..	..

Household etc.	..	1	17	..	3	1
Quasi-corporated private enterprises (i.e. partnership companies, joint ownership etc.)	..	..	17	..	3	..
Private non-profit institutions serving households	..	..	..	..	..	..
Unincorporated private enterprises	..	..	..	..	..	..
Households of employees	..	..	..	..	..	..
Unspecified sector	..	1	..	..	..	1

Rest of the world	2 535	6 204	7 377	7 142	3 743	6 617

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