Financial investments

The value of financial investments totalled NOK 5.6 billion at the end of 2018, including NOK 1.9 billion in cash. This equates to 11 per cent of the total asset value of Aker ASA and holding companies

The Financial investments segment encompasses cash, equity investments in listed companies such as American Shipping Company, Philly Shipyard and Solstad Offshore, the real estate development company FP Eiendom, the 65 per cent shareholding in the digitalisation company Cognite, 49 per cent of the shares in Aker Energy, and
other assets and receivables. From 2019, Aker Energy and Cognite are included in the portfolio of industrial investments.

At year-end 2018, Aker had cash holdings of NOK 1.95 billion. The company’s liquidity reserve, including undrawn credit facillities, totalled NOK 5.2 billion as at 31 December 2018.