Private pension funds . 31 December. NOK Million

Pension funds, 2005
3	Private pension funds¹. Investments in shares by sector². 31 December. NOK Million

Sector	2000	2001	2002	2003	2004	2005*



Total	19 827	19 546	13 111	20 932	30 862	39 872

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

Financial enterprises	6 584	6 974	5 260	8 760	12 559	18 080
State lending institutions	..	..	..	..	..	..
Banks	490	550	505	599	769	718
Mortgage companies	5	5	..	9	..	1
Finance companies	..	..	11	172	..	3
Unit trusts (UK)/Mutual funds (US)	5 552	5 916	4 202	7 280	10 734	16 312
Other financial enterprises	497	459	297	527	773	598
Life insurance companies etc.	4	..	..	..	..	0
Non-life insurance companies	..	6	22	57	20	54
Financial auxiliaries	37	37	224	117	263	395

Non-financial enterprises	5 848	5 430	4 104	5 554	7 256	8 142
Central government enterprises	0	..	..	..	..	..
Other state enterprises	679	569	476	1 997	1 016	988
Municipal enterprises	..	..	..	..	66	118
Private incorporated companies	5 168	4 862	3 628	3 557	6 174	7 037
Private non-profit institutions	0	..	..	..	..	..

Household etc.	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	..	..

Rest of the world	7 377	7 142	3 743	6 617	11 047	13 649

¹Before 1998 municipal enterprises pension funds are included in private pension funds.
²The value of investments deviates from the value of investments in the balance sheet due to different principle of valuations