Our performance

We recognise Ferd’s investments at fair value. This means that the group reports its performance in terms of value-adjusted equity.

Value-adjusted equity

Ferd’s value-adjusted equity has grown from NOK 6 billion at its launch in 2001 to NOK 48 billion today, which is equivalent to an annual return of 10.9%.

Value-adjusted equity

(NOK BN)

Allocation of capital between Ferd’s business units

The table shows the fair value of our investments by business units:

Active owner

29 000

4 800

Active investor

7 300

Capital (MNOK)

12.31.2021

Capital (MNOK)

29 000

4 800

7 300

9

11

12.31.2021

Annual report 2021

Ferd’s value-adjusted equity at the end of 2021 was NOK 48.0 billion (NOK 41.1 billion at 31 December 2020). The return on value-adjusted equity for Ferd was 17.7% in 2021, which represents a good absolute performance for Ferd.