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

Pension funds, 2005
8	Municipal pension funds. Investments in shares by sector¹. 31 December. NOK Million

Sector	2000	2001	2002	2003	2004	2005*



Total	7 089	3 357	2 922	3 899	4 618	7 033

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

Financial enterprises	3 885	2 235	1 946	2 887	2 949	4 832
State lending institutions	..	..	..	..	..	..
Banks	165	51	68	63	68	71
Mortgage companies	..	..	..	..	..	..
Finance companies	..	..	4	5	..	..
Unit trusts (UK)/Mutual funds (US)	3 528	2 089	1 850	2 769	2 810	4 690
Other financial enterprises	192	72	23	50	71	58
Life insurance companies etc.	..	..	1	..	..	7
Non-life insurance companies	..	..	..	..	..	..
Financial auxiliaries	..	24	..	..	..	6

Non-financial enterprises	1 858	536	330	459	568	609
Central government enterprises	..	..	..	..	..	17
Other state enterprises	418	80	57	89	114	94
Municipal enterprises	..	..	..	0	0	..
Private incorporated companies	1 440	456	273	370	455	498
Private non-profit institutions	..	..	..	..	..	..

Household etc.	..	..	..	..	..	7
Quasi-corporated private enterprises (i.e. partnership companies, joint ownership etc.)	..	..	..	..	..	7
Private non-profit institutions serving households	..	..	..	..	..	..
Unincorporated private enterprises	..	..	..	..	..	..
Households of employees	..	..	..	..	..	..
Unspecified sector	..	..	..	..	..	..

Rest of the world	1 346	586	646	553	1 101	1 584

¹The value of investments deviates from the value of investments in the balance sheet due to different principle of valuations