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Pension funds, 2004
12 Municipal enterprises pension funds1. Balance sheet. 31 December. NOK Million
1999 2000 2001 2002 2003 2004*
     
Assets   
     
Intangible assets .. .. 2 5 5 ..
     
Tangible fixed assets 43 37 36 109 189 330
Land and buildings 43 34 34 109 189 330
Machinery, equipment and vehicles .. 3 2 .. .. ..
     
Capital assets 391 490 623 758 998 1 261
Shares, participations and primary capital assets .. .. .. .. 76 117
Bonds 391 490 623 758 921 1 144
     
Short-term invesments 1 773 2 287 2 605 2 859 4 095 4 830
Shares, participations abd primary capital certificates 608 870 1 029 1 204 1 587 2 402
Bonds 1 139 1 373 1 461 1 652 2 301 2 420
Certificates 26 44 115 3 207 4
Financial derivatives .. .. .. .. 0 4
     
Loans utilized 212 223 234 275 300 330
Gross loans 212 223 234 275 300 330
Specified provisions on loans .. .. .. .. .. ..
     
Unspecified provisions on loans -1 -1 -1 -1 -1 -1
     
Other claims 54 174 148 207 151 161
Matured not yet paid premiums 1 9 3 94 41 10
Matured not yet paid financial income 2 1 2 3 1 1
Earned not yet paid financial income 39 50 56 62 79 100
Other claims 12 114 88 48 30 51
     
Cash and bank deposits 132 226 258 359 333 190
     
Total assets 2 603 3 436 3 905 4 572 6 070 7 101
     
Liabilities, provisions and subordinated capital   
     
Subordinated capital 136 213 261 242 327 478
Capital 136 178 208 186 290 438
Deposit capital 142 184 306 259 474 547
Share of profit -5 -5 -98 -73 -184 -109
Other capital .. .. .. .. .. ..
Addition capital .. 35 53 56 37 40
Subordinated loan capital .. .. 38 -3 12 ..
Perpetual subordinated loan capital .. 35 15 58 25 40
Other additional capital .. .. .. .. .. ..
     
Revaluation reserve 80 32 17 16 231 281
     
Technical provisions 2 367 3 164 3 607 4 293 5 485 6 311
Premium reserve 2 363 3 146 3 608 4 285 5 396 6 001
Additional provisions .. .. .. .. 20 59
Premium provision 4 18 0 7 69 251
Pension provisions .. .. .. .. .. ..
Other technical provisions .. .. .. .. .. ..
     
Equalization provision 12 15 4 4 5 6
     
Other liabilities 8 11 16 17 22 26
Matured, not paid pensions .. .. .. 0 .. 1
Matured other expences .. .. .. .. .. ..
Payable tax 0 0 1 0 1 1
Other liabilities 8 10 15 17 21 24
     
Total equity, provisions and subordinated capital 2 603 3 436 3 905 4 572 6 070 7 101

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

Explanation of symbols

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