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Pension funds, 2003
12 Municipal enterprises pension funds1. Balance sheet. 31 December. NOK Million
1998 1999 2000 2001 2002 2003*
     
Assets   
     
Intangible assets .. .. .. 2 5 5
     
Tangible fixed assets 43 43 37 36 109 189
Land and buildings 43 43 34 34 109 189
Machinery, equipment and vehicles .. .. 3 2 .. ..
     
Capital assets 362 391 490 623 758 998
Shares, participations and primary capital assets .. .. .. .. .. 76
Bonds 362 391 490 623 758 921
     
Short-term invesments 1 549 1 773 2 287 2 605 2 859 4 095
Shares, participations abd primary capital certificates 368 608 870 1 029 1 204 1 587
Bonds 913 1 139 1 373 1 461 1 652 2 301
Certificates 268 26 44 115 3 207
Financial derivatives .. .. .. .. .. 0
     
Loans utilized 203 212 223 234 275 300
Gross loans 203 212 223 234 275 300
Specified provisions on loans .. .. .. .. .. ..
     
Unspecified provisions on loans -1 -1 -1 -1 -1 -1
     
Other claims 89 54 174 148 207 151
Matured not yet paid premiums 1 1 9 3 94 41
Matured not yet paid financial income 5 2 1 2 3 1
Earned not yet paid financial income 40 39 50 56 62 79
Other claims 42 12 114 88 48 30
     
Cash and bank deposits 133 132 226 258 359 333
     
Total assets 2 378 2 603 3 436 3 905 4 572 6 070
     
Liabilities, provisions and subordinated capital   
     
Subordinated capital 119 136 213 261 242 327
Capital 109 136 178 208 186 290
Deposit capital 109 142 184 306 259 474
Share of profit .. -5 -5 -98 -73 -184
Other capital .. .. .. .. .. ..
Addition capital 10 .. 35 53 56 37
Subordinated loan capital 10 .. .. 38 -3 12
Perpetual subordinated loan capital .. .. 35 15 58 25
Other additional capital .. .. .. .. .. ..
     
Revaluation reserve .. 80 32 17 16 231
     
Technical provisions 2 208 2 367 3 164 3 607 4 293 5 485
Premium reserve 1 258 2 363 3 146 3 608 4 285 5 396
Additional provisions .. .. .. .. .. 20
Premium provision 951 4 18 0 7 69
Pension provisions .. .. .. .. .. ..
Other technical provisions .. .. .. .. .. ..
     
Equalization provision 11 12 15 4 4 5
     
Other liabilities 39 8 11 16 17 22
Matured, not paid pensions .. .. .. .. 0 ..
Matured other expences .. .. .. .. .. ..
Payable tax 0 0 0 1 0 1
Other liabilities 39 8 10 15 17 21
     
Total equity, provisions and subordinated capital 2 378 2 603 3 436 3 905 4 572 6 070

1Before 1998 municipal enterprises pension funds are included in private pension funds.

Explanation of symbols

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