The 2011 Financial Management of the Nobel Foundation
On Friday, April 27, 2012, the Trustees of the Nobel Foundation approved the 2011 financial statements of the Foundation. OnDecember 31, 2011, the market value of the Nobel Foundation’s invested capital amounted to SEK 2,973 m (3,151). Total return on equity (growth in Foundation assets after adding back the overall sum for all Nobel Prizes and operating expenses) amounted to -2.6 (5.5) per cent. Net assets, that is, the market value of the Foundation’s equity calculated as invested capital at market value adjusted for other balance sheet items, changed by -6.5 (1.7) per cent. The