Aker’s industrial holdings totalled NOK 56.8 billion at the end of 4Q 2020. This equates to 89 per cent of the total asset value of Aker ASA and holding companies.
Aker is actively involved in the development of its industrial portfolio companies, cooperating closely with each company’s board and management. Every investment is monitored by Aker’s management with the support of a dedicated investment team. Aker also has representatives on the various company boards.
Ownership is exercised primarily in the board rooms of the individual companies. Aker also functions as a knowledge centre, as its staff possess valuable industrial and strategic knowhow and cutting-edge expertise in areas such as capital market, operations, financing, restructuring, transactions, macroeconomics, communications/investor relations and legal. These resources are available not only to Aker’s management in its continuous follow-up of the operational companies, but also to each individual company.
The value of Aker’s financial investments totalled NOK 12.0 billion at the end of 2021, including NOK 4.0 billion in cash. This equates to 15 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, Solstad Offshore, the real estate development company Aker Property Group, and Akastor, which became a part of Aker's financial investments in 2022. The value of Aker’s financial investments in the listed companies American Shipping Company, Philly Shipyard and Solstad Offshore totalled NOK 0.9 billion at the end of 2021.
At year-end 2021, Aker had cash holdings of NOK 4.0 billion. The company’s liquidity reserve, including undrawn credit facilities, totalled NOK 7.0 billion as at 31 December 2021.
Other financial investments mainly consist of the real estate development company Aker Property Group, internal and external receivables and other assets. In total, Aker received NOK 140 million in dividends from the companies in its financial investment portfolio in 2021.