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

Pension funds, 2004
2	Private pension funds¹. Balance sheet. 31 December. NOK Million

	1999	2000	2001	2002	2003	2004*



Assets

Intangible assets	..	..	148	584	656	307

Tangible fixed assets	2 459	3 235	3 453	3 534	3 788	3 993
Land and buildings	2 376	3 151	3 446	3 533	3 787	3 993
Machinery, equipment and vehicles	83	84	7	1	1	0

Capital assets	4 802	5 213	6 377	7 225	8 768	8 166
Shares, participations and primary capital assets	910	950	1 213	1 333	1 528	1 207
Bonds	3 891	4 262	5 164	5 892	7 240	6 960

Short-term invesments	45 658	47 475	47 232	42 839	53 110	63 071
Shares, participations abd primary capital certificates	18 563	18 895	18 334	11 776	19 404	27 708
Bonds	24 466	27 225	26 093	25 031	26 642	29 272
Certificates	2 630	1 355	2 806	5 984	7 052	6 042
Financial derivatives	..	..	..	48	12	49

Loans utilized	1 830	1 705	2 102	2 364	2 752	1 465
Gross loans	1 830	1 705	2 102	2 364	2 752	1 465
Specified provisions on loans	..	..	..	..	..	..

Unspecified provisions on loans	..	..	..	..	..	..

Other claims	2 179	1 034	1 317	1 730	1 881	1 608
Matured not yet paid premiums	41	31	68	186	429	64
Matured not yet paid financial income	7	4	12	7	121	45
Earned not yet paid financial income	723	729	783	768	723	775
Other claims	1 408	269	454	768	608	723

Cash and bank deposits	1 869	2 611	2 882	2 817	3 503	2 815

Total assets	58 797	61 273	63 510	61 093	74 458	81 426

Liabilities, provisions and subordinated capital

Subordinated capital	3 018	3 740	4 396	4 202	4 911	5 297
Capital	2 822	3 593	4 101	3 696	3 836	4 837
Deposit capital	742	1 641	1 250	3 065	2 539	2 706
Share of profit	2 080	1 952	2 852	631	1 297	2 131
Other capital	..	..	..	..	..	..
Addition capital	196	147	294	507	1 076	459
Subordinated loan capital	164	164	203	430	992	229
Perpetual subordinated loan capital	18	-18	91	77	84	230
Other additional capital	14	0	..	..	..	..

Revaluation reserve	4 197	1 857	615	43	3 171	5 351

Technical provisions	50 712	53 919	57 208	56 386	65 505	70 241
Premium reserve	37 073	40 342	46 034	48 804	54 859	58 307
Additional provisions	1 911	2 069	2 069	713	2 507	3 089
Premium provision	10 785	10 760	8 531	6 507	7 567	8 225
Pension provisions	944	748	501	326	99	94
Other technical provisions	..	..	73	37	473	526

Equalization provision	356	354	85	81	84	85

Other liabilities	514	1 403	1 207	381	787	453
Matured, not paid pensions	0	4	0	0	1	0
Matured other expences	63	36	39	87	113	30
Payable tax	91	40	35	24	11	14
Other liabilities	360	1 323	1 133	271	662	409

Total equity, provisions and subordinated capital	58 797	61 273	63 510	61 093	74 458	81 426

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