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 43.0 billion today, which is equivalent to an annual return of 10%.
The table shows the fair value of our investments by business units:
Ferd’s value-adjusted equity at the end of 2022 has been calculated to be NOK 43.0 billion (NOK 48.0 billion on 31 December 2021). The return on value-adjusted equity for Ferd was minus 9.1 per cent in 2022. The return expressed in NOK, after adjusting for dividend payments to the company’s owners, was minus NOK 4.4 billion.