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This is an archived release.
Profit on ordinary activities for AFP
The Agreement Based Pension (AFP) scheme continued to have a high income from financial assets in 2004, and this resulted in a NOK 31.5 million profit on ordinary activities. Total assets decreased by NOK 5 million from 2003.
The Joint Pension under Collective Agreement (FTP) was wound up in 1967. Hence the agreement does not receive any premiums, however the income from financial assets is still considerable. In 2004, the agreement spent more of the provisions for liabilities and charges than in 2003.
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