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144079
Increase in total assets
statistikk
2014-03-19T10:00:00.000Z
Public sector
en
folketrygdfond, Government Pension Fund Norway (discontinued), National Insurance Scheme Fund, shares, interests, bank deposits, bonds, primary capital certificates, assets, liabilities, equityCentral government finances , Public sector
false

Government Pension Fund Norway (discontinued), 2nd half-year 2013

This statistics has been discontinued. Consult The Government Pension Fund.

 

The operational management of the Pension Fund Norway is carried out by the National Insurance Scheme Fund.

 

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Increase in total assets

At the end of 2013, assets in the Government Pension Fund Norway were valued at NOK 175 billion. This is 13.3 per cent more than at the end of 2012.

Government Pension Fund Norway. Balance sheetPublished 19 March 2014
2nd half year 20132nd half year 2003
Million kronerPercentage of total assetsMillion kronerPercentage of total assets
1The Government Pension Fund - Norway's mandatory deposits with the Treasury was discontinued on 29 December 2006. The implication of this is a reduction in loans of NOK 101,8 billion and a convertion of loans of NOK 10 billion to bonds.
Deposits in total4 5312.69220.6
Commercial papers00.01 3600.9
Bonds163 98636.526 06816.5
Shares and other equity104 77959.724 29115.3
Loans100.086 75654.8
Other financial assets2 1871.218 93812.0
Non-financial assets00.000.0
Total assets175 483100.0158 335100.0

Source: Statistics Norway

Figure 1. Government pension fund Norway. Total assets

From the end of 2012 to the end of 2013, the value of the Fund’s bond portfolio increased by 20.1 per cent, from NOK 53 billion to NOK 64 billion. During the same period, the value of the Fund’s shares and other equity increased by 15.9 per cent, from NOK 90 billion to NOK 105 billion. In addition to bonds and shares, the Fund had bank deposits of NOK 4.5 billion and other financial assets valued at NOK 2 billion at the end of the first half of 2013. These sums have decreased by 48.3 and 11.1 per cent respectively from the end of 2012.

The Fund had liabilities of NOK 8 billion at the end of 2013. This is NOK 2 billion less than at the end of 2012. The Fund’s equity now stands at NOK 168 billion; 15.6 per cent more than at the end of 2012.