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Norway Yearbook - 2003

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Financial intermediation<br />

555 Pension funds1. Balance sheet per 31 December. Million kroner<br />

Assets and liabilities 1994 1995 1996 1997 1998 1999 2000 2001<br />

Assets<br />

Cash and bank deposits 3365 3223 3386 3072 3422 3 563 5406 4817<br />

Certificates etc. 643 1 037 2702 2668 3 381 2996 1 876 3 098<br />

Bonds 32642 37581 39872 45735 47931 46773 55290 42974<br />

Shares and primary capital certificate 6228 8286 10 382 14755 15 683 26 570 27 502 23 866<br />

Loans (utilized)2 7004 6073 5325 4669 4705 5044 4830 3759<br />

Gross loans 7004 6074 5326 4670 4705 5044 4830 3 759<br />

- Specified provisions .. -1 -1 -1 0 0 0 0<br />

- Unspecified provisions -5 -5 -6 -5 -6 -5 -5 -2<br />

Other financial assets 2 023 1 808 3098 1 825 2 305 3064 2 107 2053<br />

Other assets 2036 2074 2083 2032 2 192 2 581 3 353 3864<br />

Total 53 936 60077 66842 74751 79613 90586 100 359 84429<br />

Liabilities<br />

Premium reserve 37885 42029 49742 55229 59378 66431 76971 65 164<br />

Premiumfund 11558 12054 11788 12966 12178 10867 11241 8898<br />

Otherinsurancefunds 2422 3444 2459 2973 2643 2921 2884 2722<br />

Other debts 278 352 220 427 1457 665 1 562 1 410<br />

Revaluation reserve . . . . 5095 2313 688<br />

Equityand subordinated loan capital 1357 1781 2189 2717 3471 4084 4853 5439<br />

Securityfund 438 417 438 439 486 523 535 108<br />

Total 53936 60077 66842 74751 79613 90586 100359 84429<br />

Specifications<br />

Loans2 to municipalities, enterprises<br />

and households 6991 6058 5311 4655 4686 4992 4798 3742<br />

Number of companies3 302 296 279 267 267 156 150 150<br />

1i<br />

and municipal pension schemes. 2Loans after specified provisions. 3From 1999, small pension funds with no active members excluded<br />

from the statistics. Total assets very low.<br />

Source: Pension funds, Statistics <strong>Norway</strong>. More information: http://www.ssb.no/pensjonsfond_ers/<br />

Statistical <strong>Yearbook</strong> of <strong>Norway</strong> <strong>2003</strong> 431

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