Press Release - Annual Meeting of the Trustees of the Nobel Foundation
The 2001 Financial Management of the
At their meeting today, the Trustees of the Nobel Foundation approved the 2001 financial statements of the Foundation:
- The market value of the Foundation's
invested capital amounted to SEK 3,698 m (3,894). Total return
on assets - growth in Foundation assets after adding back the
year's disbursements - amounted to -2.2 percent (2.2).
- Net assets, that is, the market value of
equity calculated as invested capital at market value adjusted
for other balance sheet items, changed during the year by -5.4
- The Foundation's stock portfolio, which
amounted to SEK 2,533 m at year-end, was reduced by 5.6 percent
during 2001. The annual average for the last five years' return
on assets is 16.0 percent, exceeding a weighted comparative
index by 2.4 percentage points per annum.
- Each of the 2002 Nobel Prizes (Physics,
Chemistry, Physiology or Medicine, Literature and Peace) will
amount to SEK 10.0 m (10.0). The total amount of all five Nobel
Prizes is SEK 50.0 m. In addition, the Bank of Sweden (Sveriges
Riksbank) Prize in Economic Sciences in Memory of Alfred Nobel,
will amount to SEK 10.0 m.
Changes in the Trustees of the Nobel
The Trustees of the Nobel Foundation elected Kerstin Fredga, Professor of Astrophysical Space Research at the Royal Institute of Technology, as their new Chairman. Professor Fredga is Chairman of the Alfvén Laboratory Board at the Royal Institute of Technology. She has, among other positions, served as President of The Royal Swedish Academy of Sciences, 1994-96.
Professor Fredga succeeds Torvard C. Laurent, Professor Emeritus in Medical and Physiological Chemistry at the Uppsala Biomedical Center.
Stockholm, April 26, 2002
THE NOBEL FOUNDATION / Michael Sohlman, Executive Director
MLA style: "The Nobel Foundation - Press Release". Nobelprize.org. 23 May 2013 http://www.nobelprize.org/nobel_organizations/nobelfoundation/press_releases_archive/2002/meeting-2002.html