NORFUND
Norfund - Creating Jobs - Improving Lives
Norfund is the Norwegian Investment Fund for developing countries with 24.9 bill. NOK in total commitments (2019).
Organization
- CEO
- JT
- Chairman of the board
- OJ
- Years since formation
- 27 years
- since Jan 28, 1998
- Type
- Other business enterprise in accordance with special legislation
- VAT registered
- Yes
- Number of employees
- 118
Financials
- Total operating income 2024
- 2,086,308,000
- NOK
- Annual total result 2024
- 4,098,735,000
- NOK
- Total equity 2024
- 48,826,124,000
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
JT | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
OJ | Chairman | - |
MS 1966 | Board Member | - |
| Board Member | - | |
KT | Board Member | - |
ÅM | Board Member | - |
JK 1960 | Board Member | - |
VB 1976 | Board Member | - |
| Board Member | - | |
AJ 1972 | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - | |
| Accountant | - |
Last update: Aug 20, 2024
Ownership
Shares owned by the NORFUND
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 11,144,573 | 100 % | |
| Ordinary shares | 1,000,000 | 100 % | |
| C-shares | 12,000,000 | 99.17 % | |
| Ordinary shares | 5,176,500 | 51 % | |
| Ordinary shares | 10,000,000 | 50 % | |
| Ordinary shares | 5,074,810 | 49.83 % | |
| Ordinary shares | 19,762,674 | 33.33 % | |
| Ordinary shares | 74,000 | 33.04 % | |
| Ordinary shares | 2,400,000 | 19.9 % | |
| A-shares | 587,861 | 12.37 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 2,086,308,000Operating profit 2024: NOK 3,585,731,000Employees: 118
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 2,086,308,000 | 1,554,370,000 | 1,070,459,000 | 5,991,841,000 |
Annual Total Result | 4,098,735,000 | 1,895,887,000 | 2,243,316,000 | 5,815,297,000 |
Total assets | 49,118,852,000 | 42,041,747,000 | 37,443,317,000 | 32,513,835,000 |
Total liabilities | 292,728,000 | 392,406,000 | 365,594,000 | 374,617,000 |
Total equity | 48,826,124,000 | 41,649,342,000 | 37,077,723,000 | 32,139,218,000 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 2,086,308,000 | 1,554,370,000 | 1,070,459,000 | 5,991,841,000 |
Total operating costs | -1,499,423,000 | 719,932,000 | -232,232,000 | 464,060,000 |
Operating result | 3,585,731,000 | 834,438,000 | 1,302,691,000 | 5,527,781,000 |
Financial income/costs | 513,716,000 | 1,073,371,000 | 948,402,000 | 295,171,000 |
Profit before tax | 4,099,447,000 | 1,907,809,000 | 2,251,093,000 | 5,822,952,000 |
Total tax & extraordinary income/cost | 712,000 | 11,922,000 | 7,777,000 | 7,655,000 |
Annual Total Result | 4,098,735,000 | 1,895,887,000 | 2,243,316,000 | 5,815,297,000 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 43,900,000 | 43,243,000 | 29,678,000 | 32,374,000 |
Total current assets | 49,074,952,000 | 41,998,504,000 | 37,413,639,000 | 32,481,462,000 |
Total assets | 49,118,852,000 | 42,041,747,000 | 37,443,317,000 | 32,513,835,000 |
Short term debt | 245,187,000 | 333,471,000 | 305,642,000 | 302,509,000 |
Long term debt | 47,541,000 | 58,935,000 | 59,952,000 | 72,109,000 |
Total liabilities | 292,728,000 | 392,406,000 | 365,594,000 | 374,617,000 |
Contributed capital | 29,710,026,000 | 26,634,507,000 | 23,956,355,000 | 21,278,203,000 |
Retained earnings | 19,116,098,000 | 15,014,835,000 | 13,121,368,000 | 10,861,015,000 |
Total equity | 48,826,124,000 | 41,649,342,000 | 37,077,723,000 | 32,139,218,000 |
Total equity and liabilities | 49,118,852,000 | 42,041,748,000 | 37,443,317,000 | 32,513,835,000 |
Classification
Type of organization
Other business enterprise in accordance with special legislation