Press Release - Annual Meeting of the Trustees of the Nobel
The 2004 Financial Management of the
At their meeting on Friday, April 29, the Trustees of
the Nobel Foundation approved the 2004 financial statements of the Foundation:
- On December 31, 2004, the market value of
the Foundation's invested capital amounted to SEK 2,966 m (2,871).
Total return on assets – growth in Foundation assets after adding
back the year's disbursements – amounted to 7.0 percent (7.2).
- Net assets, that is, the market value of equity
calculated as invested capital at market value adjusted for other balance
sheet items, rose by 3.2 percent (3.3).
- The value of the Foundation's stock
portfolio, which amounted to SEK 1,712 m at year-end, changed by 8.2 percent
during 2004. The annual average for the last five years' return on
assets is -5.1 percent, compared to -6.2 percent for a benchmark index.
During the same period, the MSCI World Index showed an average annual change
of -7.2 percent.
- The return on the Foundation's bond
portfolio during 2004 was 6.9 percent, compared to 7.4 percent for the
benchmark index OMRX Bond. The market value of this portfolio totalled
SEK 948 m at year-end.
- Each of the 2005 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 Board of Directors of the
Professor Bengt Samuelsson, Chairman of the Board
of Directors of the Nobel Foundation since May 1, 1993, is resigning at his
own request, since his
mandate has expired and he has reached the age of 70 years.
Elected as the new Chairman of the Board of Directors
of the Nobel Foundation was Mr. Marcus Storch, MD h.c., former President
and CEO of AGA AB, a member of the Royal Swedish Academy of Sciences and
former Vice-Chairman of the Board of Directors.
Professor Gunnar Öquist, Secretary General
of the Royal Swedish Academy of Sciences and a former regular member of the
Board of Directors, was elected Vice-Chairman of the Board of Directors.
The Trustees of the Nobel Foundation elected Professor
Hans Jörnvall, former alternate of the Board of Directors of the Nobel
Foundation, as a new regular member. Hans Jörnvall is Secretary of the
Nobel Assembly at Karolinska Institutet and of the Nobel Committee for Physiology
As a new alternate of the Board of Directors, the Trustees
of the Nobel Foundation elected Professor Bo Sundqvist. Bo Sundqvist
is Professor of Ion Physics, a member of the Royal Swedish Academy of Sciences
of Uppsala University.
Stockholm, April 29, 2005
THE NOBEL FOUNDATION / Michael Sohlman, Executive Director
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