Figures in NOK millions | APM* | 31.12.2023 | 31.12.2022 |
Net rental income | 3 366 | 2 879 | |
Fair value adjustments in investment properties and interest rate derivatives |
1 | -4 330 | 920 |
Profit before income taxes | -2 177 | 3 134 | |
Profit before income tax, fair value adjustments and currency result |
2 | 2 261 | 2 174 |
Equity ratio | 3 | 50 % | 52 % |
Equity per share (NOK) | 4 | 297 | 318 |
Long term net asset value per share (NOK) |
4 | 348 | 374 |
Net cash flow from operations |
2 035 | 2 045 | |
Liquidity reserves |
5 | 5 382 | 5 139 |
Amortisation next 12 months | 6 | 1 527 | 2 622 |
Interest-bearing debt |
7 | 20 997 | 20 227 |
Interest per balance sheet date | 8 | 5,17 % | 4,45 % |
Loan to value ratio |
7 | 37 % | 35 % |
Interest coverage ratio | 9 | 3,1 | 3,8 |
Net investments |
10 | 2 025 | 889 |
Market value properties |
11 | 56 568 | 57 715 |
Annualized rental income level |
12 | 3 800 | 3 385 |
Net yield properties | 13 | 5,90 % | 5,10 % |
Sales, owned shopping centres | 60 568 | 57 032 | |
Interest per balance sheet date (NOK) | 186,5 | 175,5 |
Olav Thon Eiendomsselskap ASA prepares consolidated financial statements in accordance with the International Financial Reporting Standards (IFRS).
* The company also wishes to present *alternative performance measures (APM) in order to provide readers with a better understanding of the company's underlying financial results.