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Pension funds, 2003
7 Municipal pension funds. Balance sheet. 31 December. NOK Million
1998 1999 2000 2001 2002 2003*
     
Assets   
     
Intangible assets .. .. .. .. 12 12
     
Tangible fixed assets 70 79 81 225 299 323
Land and buildings 69 76 79 225 206 322
Machinery, equipment and vehicles 1 2 2 1 93 1
     
Capital assets 2 888 3 292 3 665 1 516 2 739 3 711
Shares, participations and primary capital assets .. 201 232 .. 25 44
Bonds 2 888 3 091 3 433 1 516 2 714 3 667
     
Short-term invesments 17 364 20 426 25 539 11 586 11 529 13 789
Shares, participations abd primary capital certificates 4 032 6 288 6 846 3 357 2 901 3 855
Bonds 12 442 13 798 18 216 8 052 8 099 9 738
Certificates 890 340 477 177 529 196
Financial derivatives .. .. .. .. .. ..
     
Loans utilized 2 994 3 002 2 902 1 423 1 297 1 207
Gross loans 2 995 3 002 2 903 1 423 1 297 1 207
Specified provisions on loans 0 0 0 0 0 ..
     
Unspecified provisions on loans -4 -4 -4 -1 -1 -1
     
Other claims 1 084 831 899 587 771 827
Matured not yet paid premiums 196 153 136 254 256 298
Matured not yet paid financial income 9 14 17 18 10 28
Earned not yet paid financial income 467 467 553 240 268 315
Other claims 413 196 193 75 237 186
     
Cash and bank deposits 1 145 1 562 2 569 1 677 2 306 1 784
     
Total assets 25 542 29 186 35 652 17 012 18 952 21 651
     
Liabilities, provisions and subordinated capital   
     
Subordinated capital 771 930 900 782 754 905
Capital 558 727 740 715 713 862
Deposit capital 553 714 748 725 825 836
Share of profit 1 13 -8 -9 -111 26
Other capital 4 .. .. .. .. ..
Addition capital 213 203 160 67 41 43
Subordinated loan capital 163 148 145 33 10 10
Perpetual subordinated loan capital 51 55 46 34 31 33
Other additional capital .. .. -31 .. .. ..
     
Revaluation reserve .. 818 424 56 26 469
     
Technical provisions 24 495 27 139 34 014 15 968 17 992 20 106
Premium reserve 24 449 26 995 33 483 15 522 17 836 19 324
Additional provisions 12 66 66 71 50 92
Premium provision 33 78 463 367 87 655
Pension provisions .. .. .. 0 .. ..
Other technical provisions .. .. 1 8 19 35
     
Equalization provision 142 155 166 19 21 23
     
Other liabilities 135 143 148 187 159 148
Matured, not paid pensions 40 1 8 44 12 ..
Matured other expences .. .. .. .. .. ..
Payable tax 1 1 2 2 12 2
Other liabilities 94 141 138 141 135 146
     
Total equity, provisions and subordinated capital 25 542 29 186 35 652 17 012 18 952 21 651

Explanation of symbols

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