The note shows estimated gain/loss and annual IRR during the period of Norfund’s ownership for investments exited in 2020. Total reflow from investments includes all cash flows, for example dividends, sales sums and other returns, during the period of Norfund’s ownership. Investment in and exiting from projects may take place over a period of years, and the estimated realised gain/loss may thus be entered in the accounts in different periods.
| (In 1000s of NOK) | Fanisi Venture Capital Fund | Horizon Equity Partners Fund III | SEAF Sichuan Small Inv. Funds |
|---|---|---|---|
| Cost price, called and fully paid capital | 96 492 | 22 467 | 19 921 |
| Total reflow investment | 22 253 | 18 610 | 32 677 |
| Gain/loss (-) on exited investments | -74 239 | -3 857 | 12 757 |
| Realised gain / loss (-) | -106 371 | -3 683 | 10 563 |
| Realised FX gain/loss (-) | 32 132 | -174 | 2 194 |
| Year of first disbursement | 2009 | 2007 | 2001 |
| Investment currency | USD | ZAR | USD |
| IRR NOK | -27% | -3% | 6% |