TRIPTYCH – 2013



Triptych explaining the relationship between assets and liabilities within pension funds.

A3 digital printouts (copyshop) on chip wood — 220 x 450 cm

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Explanation of Component # 1 (Pension Funds)















Diagram appropriated from Grétar Már Sveinsson's master thesis in Corporate Finance: "Pension right earnings and historical changes in accumulated benefit rights. Where should I invest my pension savings?"

(Source: http://skemman.is/en/stream/get/1946/13154/31616/1/Gr%C3%A9tar_M%C3%A1r_Sveinsson.pdf)








Current Assets *




+




Future Premiums ***




=




Total Assets *
Accrued Liabilities **




+




Future Liabilities ****




=




Total Liabilities *
Present Value *




+




Future Value *




=




Total Value *




Picture 2. Relationship between assets and liabilities of pension funds – present and future
Reference: (Gunnar Baldvinsson, 2004)




*      of pension fund
**     current benefit obligations
        / commitments to current pension holders
***    employer contributions to pension fund
****   accrued benefit obligations
        / commitments to future pension holders








Explanation of Component # 2 (Day of Judgement)





























Nine of thirteen carved panels from Bjarnastaðahlíð in Skagafjörð – now housed in the Icelandic National Museum. The panels contain drawings presumed to have once formed a large-scale depiction of a Day of Judgement in the Byzantine style. (It is a style that can be distinguished from its Western counterpart by its multi-leveled grid – forming a more intricate elaboration on the totality of apocalyptic events). The author of the largely unknown image – of which the panels of Bjarnastaðahlíð are the only remnants – isn't known. But the origins would necessarily involve a migration from South Europe of either the piece itself, reference material for its motifs, and/or craftsmen who oversaw its execution — perhaps in the mid 12th century.







Explanation of Component # 3 (Background)




An image constructed by digitally manipulating a photograph (of Claygod).













Explanation of Component # 4 (Tiling)





A method for creating a large-scale pictures by tiling A3 prints along a grid.





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