Statistics Norway

Government pension fund - Norway, balance sheet

1   Government Pension Fund - Norway. Balance sheet. 30 June 2002-30 June 2007.1 NOK million
  30.06.2002 31.12.2002 30.06.2003 31.12.2003 30.06.2004 31.12.2004 30.06.2005 31.12.2005 30.06.2006 31.12.2006 30.06.2007
Assets                      
1. Deposits  761  144 1 593  922 2 143  988 2 881 1 245 2 208 3 220 5 580
1.1. Central Bank of Norway 0 0 0 0 0 0 0 0 0 0 -
1.2. Commercial banks  761  144 1 593  522  985  392 2 131  745 1 458 2 270 4 580
1.3. Savings banks 0 0 0  400 1 158  596  750  500  750  950 1 000
2. Commercial papers 5 264 3 742 5 321 1 360 1 572 3 919 3 392 4 536 1 455 2 273 3 496
3. Bonds2 25 906 25 187 23 616 26 068 25 706 26 585 25 406 34 266 27 694 39 259 35 736
4. Shares and other equity 20 139 22 265 22 730 24 291 25 146 40 840 44 978 50 574 53 185 63 408 73 919
5. Loans2 78 541 80 578 84 649 86 756 91 775 99 007  106 087 96 625  108 219 0 0
6. Other financial assets 2 715 4 220 10 405 18 938 21 031 4 142 1 694 4 102 2 345  957  353
7. Non-financial assets - - - - - - - - - - -
Total assets  133 326  136 136  148 314  158 335  167 373  175 481  184 438  191 348  195 106  109 117  119 084
                       
Liabilities and equity                      
Total liabilities and equity  133 326  136 136  148 314  158 335  167 373  175 481  184 438  191 348  195 106  109 117  119 084
1  In the period prior to 31.12.2004, the financial instruments commercial papers, bonds, loans, shares and other equity are valued at original cost, while unrealized gain/loss are included in Other financial assets. From 31.12.2004 the financial assets are recorded at market value.
2  The Government Pension Fund - Norway's mandatory deposits with the Treasury was discontinued on December 29, 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.
Source: National Insurance Scheme Fund.

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