{"id":2541,"date":"2021-05-21T07:57:17","date_gmt":"2021-05-21T05:57:17","guid":{"rendered":"https:\/\/norfund.wpenginepowered.com\/annualreport-2020\/?page_id=2541"},"modified":"2023-05-22T16:59:22","modified_gmt":"2023-05-22T14:59:22","slug":"note-16","status":"publish","type":"page","link":"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-16\/","title":{"rendered":"Note 16 &#8211; Events after balance-sheet date"},"content":{"rendered":"<div class=\"norfund-notes-block-container\"><div class=\"notes-accordion\"><a href=\"#\" class=\"notes-accordion__header\">\n\t\t\t\t<span class=\"text\">\n\t\t\t\t\t<h4>Note 16<\/h4>\n\t\t\t\t\t<h3>Events after balance-sheet date<\/h3>\n\t\t\t\t<\/span>\n\t\t\t\t<span class=\"icon icon-arrow\"><\/span>\n\t\t\t<\/a><div class=\"notes-accordion__content\"><div class=\"menu-notes-container\"><ol id=\"menu-notes\" class=\"menu\"><li id=\"menu-item-2111\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2111\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-1\/\">Accounting policies<\/a><\/li>\n<li id=\"menu-item-2625\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2625\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-2-segment-information\/\">Segment information<\/a><\/li>\n<li id=\"menu-item-2626\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2626\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-3\/\">Exited investments<\/a><\/li>\n<li id=\"menu-item-2627\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2627\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-4\/\">Payroll expenses<\/a><\/li>\n<li id=\"menu-item-2628\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2628\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-5\/\">Fixed assets<\/a><\/li>\n<li id=\"menu-item-2629\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2629\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-6\/\">Other operating expenses<\/a><\/li>\n<li id=\"menu-item-2630\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2630\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-7\/\">Net financial items<\/a><\/li>\n<li id=\"menu-item-2631\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2631\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-8\/\">Taxes<\/a><\/li>\n<li id=\"menu-item-2632\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2632\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-9\/\">Capital movements<\/a><\/li>\n<li id=\"menu-item-2633\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2633\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-10\/\">Other receivables<\/a><\/li>\n<li id=\"menu-item-2634\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2634\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-11\/\">Loans and investments<\/a><\/li>\n<li id=\"menu-item-2635\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2635\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-12\/\">Bank deposits and other short-term placements<\/a><\/li>\n<li id=\"menu-item-2636\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2636\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-13\/\">Unused resources (Norfund&#8217;s grant schemes)<\/a><\/li>\n<li id=\"menu-item-2637\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2637\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-14\/\">Current liabilities and guarantees<\/a><\/li>\n<li id=\"menu-item-2638\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2638\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-15\/\">Risk management and use of financial instruments<\/a><\/li>\n<li id=\"menu-item-2639\" class=\"menu-item menu-item-type-post_type menu-item-object-page menu-item-2639\"><a href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-16\/\">Events after balance-sheet date<\/a><\/li>\n<\/ol><\/div><\/div><\/div><\/div>\n\n\n<p>Since balance sheet day, there has been turbulence in the financial sector and several banks, particularly in Europe and the US, have faced significant financial challenges. This has created uncertainty in the financial market, and given a steadily rising interest rate level, this uncertainty has not, as yet, abated. However, at the time of submitting the financial statements, we cannot see that this situation significantly affects the valuation of Norfund&#8217;s investment activities, and we can therefore establish that it does not create any major uncertainty with respect to Norfund&#8217;s financial position.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since balance sheet day, there has been turbulence in the financial sector and several banks, particularly in Europe and the US, have faced significant financial challenges. This has created uncertainty in the financial market, and given a steadily rising interest rate level, this uncertainty has not, as yet, abated. However, at the time of submitting [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":2101,"menu_order":15,"comment_status":"closed","ping_status":"closed","template":"","meta":{"norfund_header_layout":"","norfund_header_layout_image_id":0,"norfund_header_layout_image_focal_point_x":0,"norfund_header_layout_image_focal_point_y":0,"norfund_header_layout_suptitle":"","norfund_header_layout_subtitle":"","norfund_header_layout_title":"Notes","teft_cards_image_id":0,"teft_cards_image_focal_point_x":0,"teft_cards_image_focal_point_y":0,"teft_cards_title":"","teft_cards_excerpt":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Note 16 - Events after balance-sheet date | Annual Report 2022<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reports.norfund.no\/annualreport-2022\/annual-report\/notes\/note-16\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Note 16 - Events after balance-sheet date | Annual Report 2022\" \/>\n<meta property=\"og:description\" content=\"Since balance sheet day, there has been turbulence in the financial sector and several banks, particularly in Europe and the US, have faced significant financial challenges. 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