| Net financial items | ||
|---|---|---|
| (Figures in 1000s of NOK) | 2024 | 2023 |
| Other interest income | 335,121 | 245,830 |
| Other financial income | 255,413 | 75,833 |
| Other financial expenses | -76,818 | -173,195 |
| Net financial items | 513,716 | 148,468 |
In 2024 Norfund decided to reclassify interest income earned from liquidity placements (Note 13) and vendor credit (Note 11) from the financial to the operating results.
The reclassification also includes currency effects, value changes, service costs and realized net gains/losses on other short-term placements and vendor credit.
The table above shows figures for 2023, which have been recast in accordance with the change in classification. Reclassified amounts appear on the table in the column “Recast net financial items 2023”. Reclassified effects other than interest income (mentioned above) appear under financial income and expenses. Residual interest income classified under financial items relates to bank deposits in Note 14. Financial income and expenses are related to currency effects of bank deposits in foreign exchange. The reclassification has been made because the management of a liquidity portfolio of a substantial size will be regarded as operating effects in an investment company such as Norfund. Tax at source has also been reclassified as interest income, as described in Note 9.
| Net financial items reclassified | ||||
|---|---|---|---|---|
| (in 1000s of NOK) | Original 2023 | Reclassified 2023 | Adjusted tax 2023 | Recast net financial items 2023 |
| Other interest income | 657,816 | -411,986 | 0 | 245,830 |
| Other financial income | 558,820 | -482,987 | 0 | 75,833 |
| Other financial expenses | -143,264 | -29,930 | 0 | -173,195 |
| Net financial items (reclassified) | 1,073,371 | -924,903 | 0 | 148,468 |
| (in 1000s of NOK) | Original 2023 | Reclassified 2023 | Adjusted tax 2023 | Recast other items 2023 |
|---|---|---|---|---|
| Other interest income | 679,886 | 411,986 | -11,448 | 1,080,424 |
| Realized gains | 467,210 | 521 | 0 | 467,731 |
| Other operating expenses | -147,897 | -4,845 | 0 | -152,742 |
| Value changes investments and receivables | 0 | 517,241 | 0 | 517,241 |
| Net operating items (reclassified) | 999,199 | 924,903 | -11,448 | 1,912,654 |