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  • Year 2023
    • Letter from the CEO
    • Key figures
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  • This is Norfund
    • How we make a difference
    • Norfund and the SDGs
    • Organization and team
    • Additionality
    • A responsible investor
      • Environmental and social risk management
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      • Climate and environment
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  • Development Mandate
    • Creating jobs, improving lives
    • Financial results
    • Impact
      • Jobs created
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    • Investment areas
      • Renewable Energy
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    • Frontier Facility
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  • Climate Mandate
    • Investing in the transition to net zero
    • Investments 2023
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      • Increased renewable energy supply
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    • Financial results
  • Board of Directors’ Report and Annual Financial Accounts
    • Board of Directors’ report
    • Income Statement
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    • Cashflow Statement
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    • Auditor’s report
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Previous reports

2022 2021 2020 2019 (pdf) 2018 (pdf)

Notes

Notes

  1. Accounting policies
  2. Segment information
  3. Exited investments
  4. Payroll expenses
  5. Fixed assets
  6. Other operating expenses
  7. Net financial items
  8. Taxes
  9. Capital movements
  10. Other receivables
  11. Loans and investments
  12. Bank deposits and other short-term placements
  13. Unused resources (Norfund’s grant schemes)
  14. Current liabilities and guarantees
  15. Risk management and use of financial instruments
  16. Events after balance-sheet date

The Norwegian Investment Fund for
Developing Countries

Board of Director’s Report and Annual Financial Accounts (PDF)
Annual Report (PDF)
Climate Investment Fund Report (PDF)
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