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

Pension funds, 2007
8	Municipal pension funds. Investments in shares by sector¹. 31 December. NOK Million

Sector	2002	2003	2004	2005	2006	2007*



Total	2 922	3 899	4 618	7 033	9 033	11 483

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

Financial enterprises	1 946	2 887	2 949	4 832	5 931	7 900
State lending institutions	..	..	..	..	..	..
Banks	68	63	68	71	61	53
Mortgage companies	..	..	..	..	..	..
Finance companies	4	5	..	..	..	..
Unit trusts (UK)/Mutual funds (US)	1 850	2 769	2 810	4 690	5 568	7 349
Other financial enterprises	23	50	71	58	137	498
Life insurance companies etc.	1	..	..	7	2	..
Non-life insurance companies	..	..	..	..	1	..
Financial auxiliaries	..	..	..	6	162	..

Non-financial enterprises	330	459	568	609	729	979
Central government enterprises	..	..	..	17	..	..
Other state enterprises	57	89	114	94	124	193
Municipal enterprises	..	0	0	..	..	0
Private incorporated companies	273	370	455	498	605	786
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	646	553	1 101	1 584	2 371	2 604

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