Private pension funds . 31 December. NOK Million

Pension funds, 2005
4	Private pension funds¹. Holdings of bonds by issuing sector². 31 December. NOK Million

Sector	2000	2001	2002	2003	2004	2005*



Total	31 539	31 257	31 073	33 882	41 096	45 726

General government	9 646	10 398	10 174	12 626	15 588	15 676
Central government	7 658	8 468	8 236	10 475	12 987	12 711
County municipalities	472	593	454	429	416	433
Municipalities	1 516	1 338	1 483	1 722	2 185	2 532

Financial enterprises	11 379	10 203	10 701	11 349	14 528	15 835
State lending institutions	5	9	..	233	..	173
Banks	5 489	4 522	6 066	6 927	10 104	11 700
Mortgage companies	5 393	4 918	4 277	3 497	4 208	3 362
Finance companies	1	26	43	55	15	65
Unit trusts (UK)/Mutual funds (US)	..	..	..	..	..	..
Other financial enterprises	430	673	273	588	159	499
Life insurance companies etc.	62	56	39	47	39	36
Non-life insurance companies	..	..	2	2	2	..
Financial auxiliaries	..	..	..	..	..	..

Non-financial enterprises	5 984	5 870	6 618	6 863	7 128	7 018
Central government enterprises	..	..	..	124	..	..
Other state enterprises	1 236	1 300	2 502	2 374	2 632	1 600
Municipal enterprises	1 624	1 464	1 203	1 260	1 822	1 385
Private incorporated companies	3 123	3 106	2 913	3 106	2 674	3 993
Private non-profit institutions	..	..	..	..	..	41

Household etc.	..	..	14	20	4	..
Quasi-corporated private enterprises (i.e. partnership companies, joint ownership etc.)	..	..	..	5	4	..
Private non-profit institutions serving households	..	..	10	..	..	..
Unincorporated private enterprises	..	..	3	..	..	..
Households of employees	..	..	..	..	..	..
Unspecified sector	..	..	..	15	..	..

Rest of the world	4 530	4 786	3 567	3 023	3 848	7 197

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