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Statens Eierberetning 2014
STATENS EIERBERETNING 2014 Statsrådens forord Innhold Monica Mælandw næringsminister Contents Innhold 2 Statsrådens forord 3 Omfang og hovedtall 5 Sentrale saker Nordisk Institutt for Odontologiske Materialer AS 94 for staten som eier 9 Norfund 95 Norges sjømatråd AS 96 Statsrådens forord 3 Kategori 3 – Forretningsmessige Norsk Helsenett SF 97 Avkastning og finansielle verdier 13 Omfang og hovedtall 5 mål og andre spesifikt definerte mål Norsk rikskringkasting AS 98 Sentrale saker for staten som eier 9 Aerospace Industrial Maintenance Norway SF 64 Norsk samfunnsvitenskapelig datatjeneste AS 99 Avkastning og finansielle verdier 13 Argentum Fondsinvesteringer AS 65 Norsk Tipping AS 100 Nøkkeltall Nøkkeltall økonomisk utvikling 19 Eksportfinans ASA 66 Petoro AS 101 Andre forhold 25 Electronic Chart Centre AS 67 Rogaland Teater AS 102 økonomisk utvikling 19 Omstilling: Hvorfor, hvordan og til hva? 34 GIEK Kredittforsikring AS 68 Simula Research Laboratory AS 103 Verdiskapende styrearbeid 37 Investinor AS 69 Siva - Selskapet for Industrivekst SF 104 Kommunalbanken AS 70 Space Norway AS 105 Andre forhold 25 NSB AS 71 Statnett SF 106 Posten Norge AS 72 Statskog SF 107 Omstilling: Statkraft SF 73 Staur gård AS 108 Kategori 1 – Forretningsmessige mål Store Norske Spitsbergen Kulkompani AS 74 Trøndelag Teater AS 109 Ambita AS 44 UNINETT AS 110 Hvorfor, hvordan og til hva? 34 Baneservice AS 45 Universitetssenteret på Svalbard AS 111 Entra ASA 46 AS Vinmonopolet 112 Verdiskapende styrearbeid 37 Flytoget AS 47 Mesta AS 48 Kategori 4 – Sektorpolitiske -
Candidates Nominated to the Board of Directors in Gjensidige Forsikring ASA
Office translation for information purpose only Appendix 18 Candidates nominated to the Board of Directors in Gjensidige Forsikring ASA Per Andersen Born in 1947, lives in Oslo Occupation/position: Managing Director, Det norske myntverket AS Education/background: Chartered engineer and Master of Science in Business and Economics, officer’s training school, Director of Marketing and Sales and other positions with IBM, CEO of Gjensidige, CEO of Posten Norge and Managing Director of ErgoGroup, senior consultant to the CEO of Posten Norge, CEO of Lindorff. Trond Vegard Andersen Born in 1960, lives in Fredrikstad Occupation/position: Managing Director of Fredrikstad Energi AS Education/background: Certified public accountant and Master of Science in Business and Economics from the Norwegian School of Business Economics and Administration (NHH) Offices for Gjensidige: Member of owner committee in East Norway Organisational experience: Chairman of the Board for all FEAS subsidiaries, board member for Værste AS (regional development in Fredrikstad) Hans-Erik Folke Andersson Born in 1950, Swedish, lives in Djursholm Occupation/position: Consultant, former Managing Director of insurance company Skandia, Nordic Director for Marsh & McLennan and Executive Director of Mercantile & General Re Education/background: Statistics, economy, business law and administration from Stockholm University Offices for Gjensidige: Board member since 2008 Organisational experience: Chairman of the Board of Semcon AB, Erik Penser Bankaktiebolag and Canvisa AB and a board member of Cision AB. Per Engebreth Askildsrud Born in 1950, lives in Jevnaker Occupation/position: Lawyer, own practice Education/background: Law Offices for Gjensidige: Chairman of the owner committee Laila S. Dahlen Born in 1968, lives in Oslo Occupation/position: Currently at home on maternity leave. -
Bane NOR Eiendom AS – Company Presentation Norway's Leading Hub Developer Important Information (1/2)
Bane NOR Eiendom AS – Company Presentation Norway's leading hub developer Important information (1/2) This presentation and its appendices (collectively the "Presentation") has been produced by Bane NOR Eiendom AS (the "Company") with assistance from Danske Bank, Norwegian Branch and and Nordea Bank AB (publ), filial i Norge (together the "Managers") in connection with the offering of bonds by the Company (the "Offering"). This Presentation is strictly confidential and may not be reproduced or redistributed, in whole or in part, to any other person. This Presentation has not been reviewed by or registered with any public authority or stock exchange and does not constitute a prospectus. To the best of the knowledge of the Company and its board of directors, the information contained in this Presentation is in all material respects in accordance with the facts as of the date hereof, and contains no omissions likely to affect its import. This Presentation contains information obtained from third parties. As far as the Company is aware and able to ascertain from the information published by that third party, such information has been accurately reproduced and no facts have been omitted that would render the reproduced information to be inaccurate or misleading. Only the Company and the Managers are entitled to provide information in respect of matters described in this Presentation. Information obtained from other sources is not relevant to the content of this Presentation and should not be relied upon. This Presentation does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction to any person to whom it is unlawful to make such an offer or solicitation in such jurisdiction. -
The State Ownership Report 2019
The State Ownership Report 2019 Contents The Minister’s introduction 7 Category Goal of the highest possible Scope and key figures 8 return over time and where Key issues for the State as owner 16 the State no longer has a How the State exercises its ownership 22 A sustainable portfolio for 1 rationale for its ownership long-term value creation 34 Ambita AS 42 Baneservice AS 43 Entra ASA 44 Flytoget AS 45 Giek kredittforsikring AS 46 Mesta AS 47 Category Goal of the highest possible return over time and where the State has a special 2 rationale for its ownership Aker Kværner Holding AS 50 Argentum Fondsinvesteringer AS 51 DNB ASA 52 Eksportfinans Norway ASA 53 Electronic chart centre AS 54 Equinor ASA 55 Investinor AS 56 Kommunalbanken AS 57 Kongsberg Gruppen ASA 58 Mantena AS 59 Nammo AS 60 Norsk Hydro ASA 61 Nysnø Klimainvesteringer AS 62 Posten Norge AS 63 Statkraft SF 64 Telenor ASA 65 Vygruppen AS 66 Yara International ASA 67 Category Goal of the most efficient possible attainment of 3 public policy goals Andøya Space Center AS 70 Simula Research Laboratory AS 104 Avinor AS 71 Siva – Selskapet for Industrivekst SF 105 Bane Nor SF 72 Space Norway AS 106 Bjørnøen AS 73 Statnett SF 107 Carte Blanche AS 74 Statskog SF 108 Den Nationale Scene 75 Staur gård AS 109 Andøya Space Center AS 76 Store Norske Spitsbergen Kulkompani AS 110 Den Norske Opera & Ballett AS 76 Talent Norge AS 111 Avinor AS 77 Trøndelag Teater AS 112 Eksportkreditt Norge AS 77 Universitetssenteret på Svalbard AS 113 Enova 78 Vinmonopolet AS 114 Entur AS 79 Fiskeri- og -
Regulatory Reform in Norway
Regulatory Reform in Norway MARKETISATION OF GOVERNMENT SERVICES – STATE-OWNED ENTERPRISES © OECD (2003). All rights reserved. 1 ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT Pursuant to Article 1 of the Convention signed in Paris on 14th December 1960, and which came into force on 30th September 1961, the Organisation for Economic Co-operation and Development (OECD) shall promote policies designed: • to achieve the highest sustainable economic growth and employment and a rising standard of living in Member countries, while maintaining financial stability, and thus to contribute to the development of the world economy; • to contribute to sound economic expansion in Member as well as non-member countries in the process of economic development; and • to contribute to the expansion of world trade on a multilateral, non-discriminatory basis in accordance with international obligations. The original Member countries of the OECD are Austria, Belgium, Canada, Denmark, France, Germany, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. The following countries became Members subsequently through accession at the dates indicated hereafter: Japan (28th April 1964), Finland (28th January 1969), Australia (7th June 1971), New Zealand (29th May 1973), Mexico (18th May 1994), the Czech Republic (21st December 1995), Hungary (7th May 1996), Poland (22nd November 1996), Korea (12th December 1996) and the Slovak Republic (14th December 2000). The Commission of the European Communities takes part in the work of the OECD (Article 13 of the OECD Convention). © OECD 2003 Permission to reproduce a portion of this work for non-commercial purposes or classroom use should be obtained through the Centre français d’exploitation du droit de copie (CFC), 20, rue des Grands-Augustins, 75006 Paris, France, tel. -
The Norwegian State's Direct Ownership Of
The Norwegian State’s Direct Ownership of Companies Climate Related Risks June 2017 The Norwegian State’s Direct Ownership of Companies – Climate Related Risks June 2017 CREDITS Researched and written by: Christina Weimann,Senior Research Analyst Gautier Desme, Senior Research Analyst Research team led by: Lauren Smart, Head of Financial Institutions Report edited and designed by: James Richens, Editor Rebecca Edwards, Marketing ABOUT TRUCOST Trucost is part of the S&P Global family, operated by S&P Dow Jones Indices. Our shared commitment to the environment will allow us to bring essential ESG investment opportunities to the global marketplace, enabling the combined entity to satisfy growing market demand through new products and enhancements of Trucost’s existing capabilities. Trucost assesses and prices risks relating to climate change, natural resource constraints and broader ESG factors. Companies and financial institutions use Trucost intelligence to understand exposure to ESG factors, inform resilience and identify the transformative solutions of tomorrow. Trucost data also underpins ESG indices, including the S&P 500 Carbon Efficient Index® and S&P/IFIC Carbon Efficient Index®. For more information, visit www.trucost.com. ABOUT S&P DOW JONES INDICES S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets. -
Avinor Is Less Dependent on Carrier Transfer Traffic
AVINOR Debt investor presentation February 2017 Petter Johannessen, CFO Hilde Vedum, Finance Director Agenda . Key credit highlights . Aviation in Norway and Avinor mission . Ownership and regulatory structure . Business areas . Strategy . Key projects . Financial performance . Funding strategy 2 Avinor Debt Investor Presentation February 2017 In brief 100% state owned limited company Approx. 3000 FTEs Standard & Poor’s: AA- Moody’s: A1 Operating revenues: NOK 10,7 bn 3 Avinor Debt Investor Presentation February 2017 Key credit highlights . More than 90 % market share within airport operations . Sole air traffic controller in Norwegian airspace . Geographic and economic diversification . Resilient in the event of main carrier failing . Good growth prospects . Predictable and solid operating cash flows . Strategic importance to national infrastructure . Strong ratings 4 Avinor Debt Investor Presentation February 2017 Key initiatives . Capacity expansion at Oslo, Bergen and Stavanger . Efficient transfer solution at Oslo airport . Remote tower development with Kongsberg and Indra . Prototyping autonomous snow removal equipment . Aviation biofuel introduced at Oslo airport . Organizational capabilities strengthened . Cost reductions . Efficient security . Quality of airport services (ASQ) . Radisson BLU Airport Hotel Oslo divested in Q4 2015 5 Avinor Debt Investor Presentation February 2017 Mission Ensure safe, efficient and sustainable operation of national aviation infrastructure Objectives . Excellent operations . Adequate ground and air -
Creates Value Combats Poverty
Norwegian Investment Fund for Developing Countries Creates value Combats poverty Report on operations 2008 Norfund The Norwegian Investment Fund for Developing Countries – Norfund – was created by the Storting (parliament) in 1997. Its job is to contribute, through investment capital, loans and guarantees, to the development of profitable and sustainable business activities in countries which have limited access to commercial financing because they present a high level of risk. Norfund is a hybrid state-owned company established by law with limited liability, owned on behalf of the state by the Ministry of Foreign Affairs with Erik Solheim as the minister with constitutional responsibility. Its activities are conducted in accordance with the fundamental principles for Norwegian development cooperation. The board of directors is appointed by the government. • NorfuNd’s iNvestmeNts supported 248 000 jobs, half of them held by womeN • NoK 3.2 billioN was paid iN tax iN developiNg couNtries • 43 per ceNt of iNvestmeNt iN 2008 weNt to the least-developed couNtries (ldcs) • NorfuNd’s equity totalled NoK 5.3 billioN. 2 Norfund Report on operations 2008 Contents New investment agreements in 2008 4 Foreword 5 Events of the year 6 Part 1: Norfund explained 1.1 Mandate and strategy 8 1.2 Social and environmental responsibility 10 Part 2: Analysis of the portfolio 2.1 Geography: Africa and LDCs take priority 12 2.2 Development effects and climate 14 2.3 Key financial figures 15 Part 3: Investment areas 3.1 Overview 18 3.2 Renewable energy 20 3.3 -
Avinor AS Debt Investor Presentation April 2015 Petter Johannessen, CFO
Avinor AS Debt Investor Presentation April 2015 Petter Johannessen, CFO Agenda 1. Avinor in brief 2. Group performance overview 3. Business segments 4. Financial review and strategy Appendix Page 1 Avinor’s mission - To develop and operate a safe, effective and sustainable aviation system in Norway Molde airport, Årø Page 2 Key credit highlights 1. The main airport operator and air navigation service provider in Norway with near monopoly position 2. 100% government ownership (covenant) & strategic importance to Norway 3. Supportive regulatory environment 4. Well-diversified revenue base from operations 5. Diversified portfolio of 46 airports under full ownership with Oslo as major hub 6. Solid long term growth prospects 7. Resilient margins with high cash conversion rates 8. Conservative capital structure & stable ratings from S&P and Moody´s (AA-/A1) Page 3 Key developments since the previous EUR bond issue in March 2014 • An early stage of a cost efficiency programme to meet the structural changes in the aviation industry • Restructuring of the legal structure of the Avinor group Established new legal entities Avinor Flysikring AS (Air Navigation Services) and Avinor Utvikling AS (Real estate holding company) • In process of selling of Radisson Blu hotel at Oslo Airport, to strengthen equity for the Avinor group while building a new terminal at Bergen airport • Avinor has again been appointed as the operator of Norwegian national en route traffic control services until 2024 and tower and approach control services until 2017 • Issued -
Mangfold I Heleide Statlige Virksomheter I 2010
Petoro AS Posten Norge AS Siva SF Statkraft SF Statnett SF Statskog SF Staur Gård AS UNINETT AS Vinmonopolet AS Avinor AS Bane service AS Electronic Chart Centre AS Enova SF Entra Eiendom AS Flytoget AS Gassco AS Innovasjon Norge Mesta AS Nationaltheatret AS Norfund Norsk Eiendoms informasjon AS Norsk Rikskringkasting AS Norsk sam funnsvitenskapelig datatjeneste AS Norsk Tipping AS NSB AS Petoro AS Posten Norge AS Siva SF Statkraft SF Statnett SF Statskog SF Staur Gård AS UNINETT AS Vinmonopolet AS Avinor AS IMDi-rapport 1-2011 • • 1-2011 IMDi-rapport Baneservice AS Electronic Chart Centre AS Enova SF Entra Eiendom AS Flytoget AS Gassco AS Innovasjon Norge Mesta AS National Integrerings og mangfoldsdirektoratet theatret AS Norfund Norsk Eiendoms informasjon AS Norsk Rikskringkasting AS Norsk sam funnsvitenskapelig datatjeneste AS Norsk Postadresse: Postboks 8059 Dep, 0031 Oslo Tipping AS NSB AS Petoro AS Posten Norge AS Siva SF Statkraft SF Statnett SF Statskog SF Staur Gård AS UNINETT AS Vinmonopolet AS Avinor AS Baneservice AS Electronic Chart Centre AS Enova SF Entra Eiendom AS Flytoget AS Gassco AS Innovasjon Norge Mesta AS Besøksadresse: Tollbugata 20, Oslo Nationaltheatret AS Norfund Norsk Eiendoms informasjon AS Norsk Rikskringkasting AS Norsk sam funnsvitenskapelig datatjeneste AS Telefon sentralbord: 24 16 88 00 Norsk Tipping AS NSB AS Petoro AS Posten Norge AS Siva SF Statkraft SF Statnett SF Statskog SF Staur Gård AS UNINETT AS Vinmono polet AS Avinor AS Baneservice AS Electronic Chart Centre AS Enova SF Entra Eiendom AS -
Mangfold I Heleide Statlige Virksomheter 2008
Petoro AS Posten Norge AS Siva SF Statkraft SF Statnett SF Statskog SF Staur Gård AS UNINETT AS Vinmonopolet AS Avinor AS Baneservice AS Bane Tele AS Electronic Chart Centre AS Enova SF Entra Eiendom AS Flytoget AS Gassco AS Innovasjon Norge Mesta AS Nationaltheatret AS Norfund Norsk Eiendoms informasjon AS Norsk Rikskringkasting AS Norsk sam funnsvitenskapelig datatjeneste AS Norsk Tipping AS NSB AS Petoro AS Posten Norge AS Siva SF Statkraft IMDi-rapport 3-2009 • 3-2009 IMDi-rapport SF Statnett SF Statskog SF Staur Gård AS UNINETT AS Vinmonopolet AS Avinor AS Baneservice AS Bane Tele AS Elec Integrerings og mangfoldsdirektoratet tronic Chart Centre AS Enova SF Entra Eiendom AS Flytoget AS Gassco AS Innovasjon Norge Mesta AS National theatret Postadresse: Postboks 8059 Dep, 0031 Oslo AS Norfund Norsk Eiendoms informasjon AS Norsk Rikskringkasting AS Norsk sam funnsvitenskapelig datatjeneste AS Norsk Tipping AS NSB AS Petoro AS Posten Norge AS Siva SF Statkraft SF Statnett SF Statskog SF Staur Gård AS UNI Besøksadresse: Hausmannsgate 23, Oslo NETT AS Vinmonopolet AS Avinor AS Baneservice AS Bane Tele AS Electronic Chart Centre AS Enova SF Entra Eiendom AS Flytoget AS Gassco AS Innovasjon Norge Mesta AS Nationaltheatret AS Norfund Norsk Eiendoms informasjon AS Telefon sentralbord: 24 16 88 00 Norsk Rikskringkasting AS Norsk sam funnsvitenskapelig datatjeneste AS Norsk Tipping AS NSB AS Petoro AS Posten Telefaks: 24 16 88 01 Norge AS Siva SF Statkraft SF Statnett SF Statskog SF Staur Gård AS UNINETT AS Vinmonopolet AS Avinor AS Baneser -
Innst. S. Nr. 90 (2003-2004) Innstilling Til Stortinget Fra Samferdselskomiteen
Innst. S. nr. 90 (2003-2004) Innstilling til Stortinget fra samferdselskomiteen St.prp. nr. 29 (2003-2004) Innstilling fra samferdselskomiteen om endring av 2.2 Komiteens merknader løyvingar mv. for 2003 på Samferdselsdepartemen- Komiteen har ingen merknader. tets område 3. PROGRAMKATEGORI 21.30 Til Stortinget VEGFORMÅL 3.1 Sammendrag 1. INNLEDNING Kap. 1320 Statens vegvesen (jf. kap. 4320) POST 24 STATENS VEGVESENS PRODUKSJON Komiteen, medlemmene fra Arbeider- I samband med avsluttinga av kap. 1320 post 24 Sta- partiet, Sigrun Eng, Bjørgulv Froyn, tens vegvesens produksjon pr. 31. desember 2002, ori- Oddbjørg Ausdal Starrfelt og Tor-Arne enterer departementet om Vegvesenets underskot for Strøm, fra Høyre, Anne Berit Andersen, arbeid utført for fylkeskommunane og vidare oppføl- Sverre J. Hoddevik, Hans Gjeisar ging av saka. Kjæstad og lederen Petter Løvik, fra Hovudårsaka til meirutgifta kr 241 740 742 på post Fremskrittspartiet, Thore A. Nistad og 24 er rekneskapsmessige forhold knytte til etableringa Kenneth Svendsen, fra Sosialistisk Ven- av Mesta AS. Noko gjeld også underskot i arbeid utført streparti, Geir-Ketil Hansen og Heidi for fylkeskommunane for 2002. Departementet vil be Sørensen, fra Kristelig Folkeparti, Odd dei 12 fylkeskommunane å betale underskotet på til Holten og Jan Sahl, og fra Senterpartiet, saman 40 mill. kroner til Statens vegvesen. Departe- Jorunn Ringstad, viser til at Samferdselsdeparte- mentet vil utarbeide ein tilbakebetalingsplan. mentet i proposisjonen legger fram en del saker under programkategoriene 21.20 Luftfartsformål, 21.30 Veg- POST 30 RIKSVEGINVESTERINGAR formål, 21.50 Jernbaneformål og 22.10 Post og tele- Departementet orienterer om at 4,75 mill. kroner av kommunikasjoner, samt under Andre saker.