FOLKETRYGDFONDET

0161 OSLO

Finances

Return on Equity

14,02 %

Current Ratio

235,25

Debt-to-Equity Ratio

Key figures (NOK)	2003	2002	2001
Revenue	7 363 000 000	5 225 000 000	6 523 000 000
Net Income	22 198 000 000	2 444 000 000	5 323 000 000
Total Assets	158 335 000 000	136 136 000 000	133 692 000 000
Total Equity	158 331 000 000	136 133 000 000	133 689 000 000

Income (NOK)	2003	2002	2001
Revenue	7 363 000 000	5 225 000 000	6 523 000 000
Expenditure	32 000 000	32 000 000	30 000 000
Operating Profit	7 331 000 000	5 193 000 000	6 493 000 000
Financial Income	14 867 000 000	0	0
Financial Costs	0	2 749 000 000	1 170 000 000
Financial Balance	14 867 000 000	−2 749 000 000	−1 170 000 000
Earnings Before Tax	22 198 000 000	2 444 000 000	5 323 000 000
Tax	0	0	0
Net Income	22 198 000 000	2 444 000 000	5 323 000 000

Balance (NOK)	2003	2002	2001
Total Fixed Assets	157 394 000 000	135 982 000 000	133 268 000 000
Total Current Assets	941 000 000	154 000 000	424 000 000
Total Assets	158 335 000 000	136 136 000 000	133 692 000 000
Total Retained Equity	158 331 000 000	136 133 000 000	133 689 000 000
Total Equity	158 331 000 000	136 133 000 000	133 689 000 000
Total Long-Term Debt	0	0	0
Total Current Debt	4 000 000	3 000 000	3 000 000
Total Equity and Debt	158 335 000 000	136 136 000 000	133 692 000 000

Cash flow (NOK)	2003	2002	2001
Sales Income	0	0	0
Other Income	7 363 000 000	5 225 000 000	6 523 000 000
Revenue	7 363 000 000	5 225 000 000	6 523 000 000
Cost of Goods Sold	0	0	0
Salary Costs	16 700 000	16 600 000	0
Depreciation	1 700 000	1 900 000	0
Impairment	0	0	0
Expenditure	32 000 000	32 000 000	30 000 000
Operating Profit	7 331 000 000	5 193 000 000	6 493 000 000
Financial Income	14 867 000 000	0	0
Financial Costs	0	2 749 000 000	1 170 000 000
Financial Balance	14 867 000 000	−2 749 000 000	−1 170 000 000
Dividends	0	0	0
Net Income	22 198 000 000	2 444 000 000	5 323 000 000

Balance details (NOK)	2003	2002	2001
Goodwill	0	0	0
Total Intangible Assets	0	0	0
Real Eastate	0	0	0
Machinery and Plant Facilities	0	0	0
Fixtures	4 000 000	4 000 000	0
Total Tangible Assets	4 000 000	4 000 000	4 000 000
Total Fiancial Fixed Assets	157 390 000 000	135 978 000 000	133 264 000 000
Total Fixed Assets	157 394 000 000	135 982 000 000	133 268 000 000
Stock	0	0	0
Total Investments	0	0	0
Cash, Bank	0	0	0
Total Current Assets	941 000 000	154 000 000	424 000 000
Total Assets	158 335 000 000	136 136 000 000	133 692 000 000
Total Equity	158 331 000 000	136 133 000 000	133 689 000 000
Short-Term Group Debt	0	0	0
Total Long-Term Debt	0	0	0
Creditors	0	0	0
Unpaid Taxes	4 000 000	3 000 000	3 000 000
Dividends	0	0	0
Other Current Debt	0	0	0
Total Current Debt	4 000 000	3 000 000	3 000 000
Total Equity and Debt	158 335 000 000	136 136 000 000	133 692 000 000

Financial indicators	2003	2002	2001
Return on Equity	14,02 %	1,8 %	3,98 %
Debt-to-Equity Ratio	0	0	0
Operating Profit Margin	99,57 %	99,39 %	99,54 %
Current Ratio	235,25	51,33	141,33
Quick Ratio	235,25	51,33	141,33
Equity Ratio	1	1	1
Gross Profit Margin	100 %	100 %	100 %