Since balance sheet day, there has been turbulence in the financial sector and several banks, particularly in Europe and the US, have faced significant financial challenges. This has created uncertainty in the financial market, and given a steadily rising interest rate level, this uncertainty has not, as yet, abated. However, at the time of submitting the financial statements, we cannot see that this situation significantly affects the valuation of Norfund’s investment activities, and we can therefore establish that it does not create any major uncertainty with respect to Norfund’s financial position.