| 2017 | |
|---|---|
| Committed investments in total portfolio (MNOK) | 20 439 |
| Capital allocated by the ower (MNOK) | 1 500 |
| New investments (NOK m) | 3 600 |
| Total equity (NOK m) | 22 375 |
| Share of new investments in least developed countries | 34% |
| Share of new investments in Africa | 35% |
| Internal Rate of Return (IRR) in investment currency | 6% |
| Internal Rate of Return (IRR) in NOK | 9.3 % |
| Ratio of cash to equity | 12% |
| Number of direct investments | 136 |
| Number of companies in portfolio | 874 |
| Number of employees in Norfund | 71 |
| Total number of jobs in portfolio companies | 292 000 |
Value adjusted equity
Annual return by investment area
Norfund's audited results for 2017*
* Detailed accounts are published in our annual report that is found here.
New investments per year since 2003 (MNOK)
The main drivers of new investments are available capital, the project pipeline and staffing. High year-on-year variations occur because of the long and complex project development processes.
