Annual Report IPF 2021 - Flipbook - Side 43
INDUSTRIENS PENSIONSFORSIKRING A/S
20.
ANNUAL REPORT 2021
NOTES
Schedule of assets and returns on assets
Assets linked to average rate
DKK mill.
1.
Land and buildings directly owned
2.1
Listed equity investments
2.2
Unlisted equity investments
2.
Total equity investments
3.1
Government bonds and mortgage-credit bonds
3.2
Index-linked bonds
3.3
Credit bonds and emerging markets bonds
3.4
Loans etc.
3.
Total bonds and loans
4.
Subsidiaries
5.
Other investment assets
6.
Derivative financial instruments
Market value
Assets linked to market rate
Brought
forward Carried forward
Return
before tax
DKK mill.
Market value
Brought forward Carried forward
Return
before tax
485
667
8.0%
1.
Land and buildings directly owned
1,044
1,201
22.6%
2.1
Listed equity investments
868
1,093
40.4%
2.2
Unlisted equity investments
34,318
46,780
50.8%
1,912
2,294
30.6%
2.
Total equity investments
88,087
116,822
32.7%
2,929
2,569
-3.4%
3.1
Government bonds and mortgage-credit bonds
32,270
18,826
-2.6%
-
-
-
3.2
Index-linked bonds
-
-
-
1,134
1,357
5.0%
3.3
Credit bonds and emerging markets bonds
41,956
50,270
7.0%
7
23
3.6%
3.4
Loans etc.
4,070
3,949
-0.9%
3.
Total bonds and loans
110
173
6.8%
4.
76
334
-
5.
799
25
-
6.
Derivative financial instruments
8,014
8,156
8.0%
53,769
70,041
22.4%
131
211
1.9%
74,357
69,307
3.3%
Subsidiaries
1,044
1,134
6.8%
Other investment assets
1,850
5,268
-
-1,136
1.582
-
The returns on individual investment assets as well as total investment assets have been calculated using the timeweighted method, i.e. daily return calculations are made throughout the year. Exchange-rate fluctuations have been
included under derivative financial instruments
43
