Statistics Norway

Government pension fund - Norway, balance sheet

1 Government Pension Fund - Norway. Balance sheet. 31 December 2004-31 December 2009.1 NOK million
  31.12.2004 30.06.2005 31.12.2005 30.06.2006 31.12.2006 30.06.2007 31.12.2007 30.06.2008 31.12.2008 30.06.2009 31.12.2009
Assets                      
1. Deposits  988 2 881 1 245 2 208 3 220 5 580 1 104 3 468 1 692 1 901 2 100
1.1. Central Bank of Norway 0 0 0 0 0 0 0 0 0 0 0
1.2. Commercial banks  392 2 131  745 1 458 2 270 4 580 1 104 2 668 1 548 1 124 2 100
1.3. Savings banks  596  750  500  750  950 1 000 0  800  144  777 0
2. Commercial papers 3 919 3 392 4 536 1 455 2 273 3 496 2 895 3 233 1 940 0  347
3. Bonds2 26 585 25 406 34 266 27 694 39 259 35 736 41 732 41 206 38 763 34 950 41 804
4. Shares and other equity 40 840 44 978 50 574 53 185 63 408 73 919 70 084 67 332 45 628 63 647 73 292
5. Loans2 99 007  106 087 96 625  108 219 0 0 0 0 0 0 0
6. Other financial assets 4 142 1 694 4 102 2 345  957  353 1 749  324 1 631 1 297 1 207
7. Non-financial assets - - - - - - - - - - -
Total assets  175 481  184 438  191 348  195 106  109 117  119 084  117 564  115 563 89 655  101 795  118 750
                       
Liabilities and equity                      
Total liabilities and equity  175 481  184 438  191 348  195 106  109 117  119 084  117 564  115 563 89 655  101 795  118 750
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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