Statistics Norway

Government pension fund - Norway, balance sheet

1 Government Pension Fund Norway. Balance sheet. 30 June 2007 - 30 June 2012.1 NOK million
  30.06.2007 31.12.2007 30.06.2008 31.12.2008 30.06.2009 31.12.2009 30.06.2010 31.12.2010 31.06.2011 31.12.2011 30.06.2012
Assets                      
1. Deposits 5 580 1 104 3 468 1 692 1 901 2 100 2 651 5 607 4 954 5 456 9 988
1.1. Central Bank of Norway 0 0 0 0 0 0 0 0 0 0 0
1.2. Commercial banks 4 580 1 104 2 668 1 548 1 124 2 100 2 651 5 607 4 954 5 456 9 988
1.3. Savings banks 1 000 0  800  144  777 0 0 0 0 0 0
2. Commercial papers 3 496 2 895 3 233 1 940 0  347  147 0 - 0 0
3. Bonds2 35 736 41 732 41 206 38 763 34 950 41 804 44 465 44 894 54 835 51 104 51 444
4. Shares and other equity 73 919 70 084 67 332 45 628 63 647 73 292 66 742 87 915 78 752 78 342 82 180
5. Loans2 0 0 0 0 0 0 0 0 0 0 0
6. Other financial assets  353 1 749  324 1 631 1 297 1 207 1 127 1 062  554 1 529 2 216
7. Non-financial assets - - - - - - - - - - -
Total assets  119 084  117 564  115 563 89 655  101 795  118 750  115 132  139 478  139 095  136 431  145 828
                       
Liabilities and equity                      
Liabilities : : : : : : : : : : 10 324
Equity : : : : : : : : : :  135 504
Total liabilities and equity  119 084  117 564  115 563 89 655  101 795  118 750  115 132  139 478  139 095  136 431  145 828
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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