NORFUND
Norfund - Creating Jobs - Improving Lives
Norfund is the Norwegian Investment Fund for developing countries with 24.9 bill. NOK in total commitments (2019).
Keywords
start-up fundseedgrowth fundventureacquisition funddevelopment fundunlisted companies
Organization
- CEO
- JT
- Chairman of the board
- OJ
- Years since formation
- 27 years
- since Jan 28, 1998
- Type
- Other body corporate
- VAT registered
- Yes
- Number of employees
- 114
Financials
- Total operating income 2023
- 1,554,370,000
- NOK
- Annual total result 2023
- 1,895,887,000
- NOK
- Total equity 2023
- 41,649,342,000
- NOK
Last update: Dec 31, 2024
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
JT | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
OJ | Chairman | - |
MS 1966 | Board Member | - |
| Board Member | - | |
KB | 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 | Number of shares | Share |
|---|---|---|---|
| Ordinary shares | 11,144,573 | 100 % | |
| Ordinary shares | 1,000,000 | 100 % | |
| C-shares | 5,000,000 | 98.04 % | |
| Ordinary shares | 3,799,500 | 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 | 16.17 % |
Last update: May 24, 2024
Group structure
- Total operating income 2023: NOK 1,554,370,000Operating profit 2023: NOK 834,438,000Employees: 114
Financials
in NOK
Summary
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 1,554,370,000 | 1,070,459,000 | 5,991,841,000 |
Annual Total Result | 1,895,887,000 | 2,243,316,000 | 5,815,297,000 |
Total assets | 42,041,747,000 | 37,443,317,000 | 32,513,835,000 |
Total liabilities | 392,406,000 | 365,594,000 | 374,617,000 |
Total equity | 41,649,342,000 | 37,077,723,000 | 32,139,218,000 |
P&L
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 1,554,370,000 | 1,070,459,000 | 5,991,841,000 |
Total operating costs | 719,932,000 | -232,232,000 | 464,060,000 |
Operating result | 834,438,000 | 1,302,691,000 | 5,527,781,000 |
Financial income/costs | 1,073,371,000 | 948,402,000 | 295,171,000 |
Profit before tax | 1,907,809,000 | 2,251,093,000 | 5,822,952,000 |
Total tax & extraordinary income/cost | 11,922,000 | 7,777,000 | 7,655,000 |
Annual Total Result | 1,895,887,000 | 2,243,316,000 | 5,815,297,000 |
Balance overview
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total fixed assets | 43,243,000 | 29,678,000 | 32,374,000 |
Total current assets | 41,998,504,000 | 37,413,639,000 | 32,481,462,000 |
Total assets | 42,041,747,000 | 37,443,317,000 | 32,513,835,000 |
Short term debt | 333,471,000 | 305,642,000 | 302,509,000 |
Long term debt | 58,935,000 | 59,952,000 | 72,109,000 |
Total liabilities | 392,406,000 | 365,594,000 | 374,617,000 |
Contributed capital | 26,634,507,000 | 23,956,355,000 | 21,278,203,000 |
Retained earnings | 15,014,835,000 | 13,121,368,000 | 10,861,015,000 |
Total equity | 41,649,342,000 | 37,077,723,000 | 32,139,218,000 |
Total equity and liabilities | 42,041,748,000 | 37,443,317,000 | 32,513,835,000 |
Classification
Category
Type of organization
Other body corporate
Standard industrial classification
K
Main industrial area
Financial and insurance activities
64
Activity
Financial service activities, except insurance and pension funding
64.3
Main industrial group
Trusts, funds and similar financial entities
64.30
Industrial group
Trusts, funds and similar financial entities
64.306
Industrial group
Venture and development capital companies