Municipal enterprises pension funds . 31 December. NOK Million

Pension funds, 2005
13	Municipal enterprises pension funds¹. Investments in shares by sector². 31 December. NOK Million

Sector	2000	2001	2002	2003	2004	2005*



Total	870	1 029	1 204	1 663	2 519	2 613

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

Financial enterprises	544	602	971	1 127	1 464	1 855
State lending institutions	..	..	..	..	..	..
Banks	9	9	20	27	30	29
Mortgage companies	..	..	..	..	..	..
Finance companies	..	..	..	..	..	..
Unit trusts (UK)/Mutual funds (US)	518	576	939	1 075	1 368	1 820
Other financial enterprises	17	16	12	26	66	6
Life insurance companies etc.	..	..	..	..	..	..
Non-life insurance companies	..	..	..	..	..	1
Financial auxiliaries	..	..	..	..	..	..

Non-financial enterprises	160	128	110	245	354	318
Central government enterprises	..	..	..	..	..	..
Other state enterprises	39	21	15	40	52	33
Municipal enterprises	..	..	..	0	0	..
Private incorporated companies	121	107	96	205	302	285
Private non-profit institutions	..	..	..	..	..	..

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

Rest of the world	166	299	123	291	700	440

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