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

Pension funds, 2007
3	Private pension funds. Investments in shares by sector¹. 31 December. NOK Million

Sector	2002	2003	2004	2005	2006	2007*



Total	13 111	20 932	31 324	40 126	50 444	56 652

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

Financial enterprises	5 260	8 760	12 961	18 283	20 062	23 702
State lending institutions	..	..	..	..	..	..
Banks	505	599	776	722	467	700
Mortgage companies	..	9	..	1	43	..
Finance companies	11	172	..	3	..	..
Unit trusts (UK)/Mutual funds (US)	4 202	7 280	11 120	16 503	17 919	20 432
Other financial enterprises	297	527	779	603	927	1 851
Life insurance companies etc.	..	..	..	0	..	43
Non-life insurance companies	22	57	20	54	54	38
Financial auxiliaries	224	117	266	397	652	638

Non-financial enterprises	4 104	5 554	7 316	8 194	11 491	12 480
Central government enterprises	..	..	..	..	2	..
Other state enterprises	476	1 997	1 024	994	647	1 789
Municipal enterprises	..	..	66	118	20	264
Private incorporated companies	3 628	3 557	6 225	7 081	10 822	10 427
Private non-profit institutions	..	..	..	..	..	..

Household etc.	3	1	..	..	2	10
Quasi-corporated private enterprises (i.e. partnership companies, joint ownership etc.)	3	..	..	..	..	..
Private non-profit institutions serving households	..	..	..	..	0	..
Unincorporated private enterprises	..	..	..	..	2	..
Households of employees	..	..	..	..	..	..
Unspecified sector	..	1	..	..	..	10

Rest of the world	3 743	6 617	11 047	13 649	18 889	20 461

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