IPF årsrapport 2018 (eng) - Flipbook - Side 45
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43
Notes (cont.)
Note
21
Schedule of assets and returns on these
Assets linked to average rate
Market value
DKK mill.
1.
Land and buildings directly owned
2.1
2.2
Return before
Brought forward Carried forward
tax
394
444
8.1%
Listed equity investments
Unlisted equity investments
1,080
1,070
927
1,119
-6.1%
15.2%
2.
Total equity investments
2,150
2,045
4.5%
3.1
3.2
3.3
3.4
Government bonds and mortgage-credit bonds
Index-linked bonds
Credit bonds and emerging markets bonds
Loans etc.
3,236
1,179
106
3,275
1,131
54
1.7%
-0.6%
6.2%
3.
Total bonds and loans
4,522
4,460
1.2%
4.
Subsidiaries
157
150
23.3%
5.
Other investment assets
131
49
-11.9%
6.
Derivative financial instruments
175
72
-
Assets linked to market rate
Market value
DKK mill.
1.
Land and buildings directly owned
2.1
2.2
Return before
Brought forward Carried forward
tax
6,723
7,218
10.1%
Listed equity investments
Unlisted equity investments
42,950
28,351
38,337
32,327
-6.1%
16.5%
2.
Total equity investments
71,300
70,664
3.0%
3.1
3.2
3.3
Government bonds and mortgage-credit bonds
Index-linked bonds
Credit bonds and emerging markets bonds
22,593
34,382
29,781
33,870
1.6%
-0.1%
3.4
Loans etc.
632
408
5.7%
3.
Total bonds and loans
57,607
64,060
0.7%
4.
Subsidiaries
936
1,024
23.3%
5.
Other investment assets
3,855
1,147
-16.0%
6.
Derivative financial instruments
1,771
-1,159
-
*The returns on individual investment assets as well as total investment assets have been calculated using the
time-weighted method, i.e. daily return calculations are made throughout the year. Exchange-rate fluctuations
have been included under derivative financial instruments