Content
Published:
This is an archived release.
Increase in shares and bonds
At the end of 2012, the Government Pension Fund Norway was valued at NOK 154.9 billion. This is an increase of NOK 9.1 billion from the end of June 2012.
2nd half year 2012 | 2nd half year 2002 | |||
---|---|---|---|---|
Million kroner | Percentage of total assets | Million kroner | Percentage of total assets | |
1The Government Pension Fund - Norway's mandatory deposits with the Treasury was discontinued on 29 December 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. | ||||
Deposits in total | 8 759 | 5.7 | 144 | 0.1 |
Commercial papers | 0 | 0.0 | 3 742 | 2.7 |
Bonds1 | 53 272 | 34.4 | 25 187 | 18.5 |
Shares and other equity | 90 438 | 58.4 | 22 265 | 16.4 |
Loans1 | 0 | 0.0 | 80 578 | 59.2 |
Other financial assets | 2 460 | 1.6 | 4 220 | 3.1 |
Non-financial assets | 0 | 0.0 | 0 | 0.0 |
Total assets | 154 930 | 100.0 | 136 136 | 100.0 |
Shares and other equity were valued at a total of NOK 90.4 billion at the end of 2012. This is an increase of 10 per cent from the end of June. The value of the bond portfolio increased by 3.6 per cent, from NOK 51.4 to NOK 53.3 billion, from the end of June to the end of the year. The Fund also had deposits worth NOK 8.8 billion and other financial assets valued at NOK 2.5 billion. At the end of the year, the Fund’s total assets were valued at NOK 154.9 billion, which is 6.2 per cent more than at the end of June.
From the end of 2011 to the end of 2012, the gross value of the Fund increased by NOK 18.5 billion, or 13.6 per cent. Much of this growth is due to an increase in the Fund’s received collateral in securities lending agreements. This also accounts for most of the Fund’s total liabilities of NOK 9.8 billion.
Contact
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Eivind Andreas Sirnæs Egge
E-mail: eivind.egge@ssb.no
tel.: (+47) 91 69 05 03