Investment-activity results are calculated as the total return on the investment portfolio less financing expenses related to the funds borrowed from our Hedging activities and other expenses, and after tax on pension-savings return.
Investment-activity results for Q1 2013 in DKK million
In Q1 2013, the investment-activity results totalled DKK 3.5bn. During this period, expenses amounted to DKK 0.1bn and the tax on pension-savings return was DKK 0.5bn. Investment-activity results in Q1 2013 were a profit of DKK 2.9bn.
The total return of the investment portfolio before tax and financing was DKK 3.7bn. All risk classes generated positive returns. Equities achieving a return of DKK 2.8bn accounted for the highest return in DKK terms. However Credit, Inflation, Commodities and Interest Rates also made positive contributions of DKK 0.5bn, DKK 0.2bn, DKK 0.1bn, DKK 0,1, respectivily.