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

Pension funds, 2006
8	Municipal pension funds. Investments in shares by sector¹. 31 December. NOK Million

Sector	2001	2002	2003	2004	2005	2006*



Total	3 357	2 922	3 899	4 618	7 033	9 033

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

Financial enterprises	2 235	1 946	2 887	2 949	4 832	5 931
State lending institutions	..	..	..	..	..	..
Banks	51	68	63	68	71	61
Mortgage companies	..	..	..	..	..	..
Finance companies	..	4	5	..	..	..
Unit trusts (UK)/Mutual funds (US)	2 089	1 850	2 769	2 810	4 690	5 568
Other financial enterprises	72	23	50	71	58	137
Life insurance companies etc.	..	1	..	..	7	2
Non-life insurance companies	..	..	..	..	..	1
Financial auxiliaries	24	..	..	..	6	162

Non-financial enterprises	536	330	459	568	609	729
Central government enterprises	..	..	..	..	17	..
Other state enterprises	80	57	89	114	94	124
Municipal enterprises	..	..	0	0	..	..
Private incorporated companies	456	273	370	455	498	605
Private non-profit institutions	..	..	..	..	..	..

Household etc.	..	..	..	..	7	1
Quasi-corporated private enterprises (i.e. partnership companies, joint ownership etc.)	..	..	..	..	7	..
Private non-profit institutions serving households	..	..	..	..	..	1
Unincorporated private enterprises	..	..	..	..	..	..
Households of employees	..	..	..	..	..	..
Unspecified sector	..	..	..	..	..	..

Rest of the world	586	646	553	1 101	1 584	2 371

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