Content
Published:
This is an archived release.
Increase in Government Pension Fund Norway
At the end of the first half of 2013, the Government Pension Fund Norway was valued at NOK 160 billion.
1st half year 2013 | 1st half year 2003 | |||
---|---|---|---|---|
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 | 5 810 | 3.6 | 1 593 | 1.1 |
Commercial papers | 0 | 0.0 | 5 321 | 3.6 |
Bonds1 | 63 084 | 39.4 | 23 616 | 15.9 |
Shares and other equity | 89 203 | 55.7 | 22 730 | 15.3 |
Loans1 | 0 | 0.0 | 84 649 | 57.1 |
Other financial assets | 2 146 | 1.3 | 10 405 | 7.0 |
Non-financial assets | 0 | 0.0 | 0 | 0.0 |
Total assets | 160 243 | 100.0 | 148 314 | 100.0 |
Since the end of June last year, the value of the Fund’s bond portfolio has increased by 22.6 per cent, from NOK 51 billion to NOK 63 billion. During the same period, the value of the Fund’s shares and other equity has increased by 8.5 per cent, from NOK 82 billion to NOK 89 billion. In addition to bonds and shares, the Fund had bank deposits of NOK 6 billion and other financial assets valued at NOK 2 billion at the end of the first half of 2013. These sums have decreased by 41.8 and 3.2 per cent respectively from the end of June 2012.
The Fund had liabilities of NOK 9 billion at the end of the first half of this year. This is NOK 1 billion less than at the end of the first half of last year. The Fund’s equity now stands at NOK 151 billion; 9.9 per cent more than at the same time last year.
Contact
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Eivind Andreas Sirnæs Egge
E-mail: eivind.egge@ssb.no
tel.: (+47) 91 69 05 03