We recognise Ferd’s investments at fair value. This means that the group reports its performance in terms of value-adjusted equity.
Ferd’s value-adjusted equity has grown from NOK 6 billion at its launch in 2001 to NOK 50.4 billion today, which is equivalent to an annual return of 10 percent.
Value-adjusted equity
The table shows the fair value of our investments by business units:
Active owner
Active investor
Effect/Impact
Capital (NOK mill.)
32 870
4 680
8 378
30
18
12.31.2024
Ferd’s value-adjusted equity totalled NOK 50.4 billion as of 31 December 2024, up from NOK 45.8 billion as of 31 December 2023. In total, Ferd achieved a return on value-adjusted equity of 12.0 percent. The return in NOK terms was NOK 5.5 billion.
