This is an archived release.
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.
|2nd half year 2013||2nd half year 2003|
|Million kroner||Percentage of total assets||Million kroner||Percentage 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 total||4 531||2.6||922||0.6|
|Commercial papers||0||0.0||1 360||0.9|
|Bonds1||63 986||36.5||26 068||16.5|
|Shares and other equity||104 779||59.7||24 291||15.3|
|Other financial assets||2 187||1.2||18 938||12.0|
|Total assets||175 483||100.0||158 335||100.0|
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.