Key figures

Amounts in NOK millions APM* Q3 2020 Q3 2019 30.09.20 30.09.19 31.12.19
             
Net rental income   722 654 2 036 2 005 2 684
Fair value adjustments in investment properties and interest rate derivatives 
1 158 277 -3 302 -93 424
Profit before income taxes   711 741 -1 850 1 369 2 336
Profit before income tax and fair value adjustments 2) 2 556 464 1 419 1 478 1 941
             
Equity ratio 3     46 % 45 % 46 %
Equity per share (NOK) 4     251 256 264
Long term net asset value per share (NOK) 3) 4     298 306 315
             
Net cash flow from operations 
5 423 423 1 264 1 344 1 765
Liquidity reserves 
6     6 111 7 916 6 796
Amortisation next 12 months 7     6 985 5 457 4 913
             
Interest-bearing debt
8     20 995 21 879 21 481
Interest per balance sheet date 9     3,00 % 3,08 % 3,27 %
Loan to value ratio 
8     39 % 39 % 39 %
             
Net investments
10 200 145 576 356 548
Market value properties 
11     52 889 53 890 54 257
Annualized rental income level 
12     3 200 3 170 3 215
Net yield properties 13     5,31 % 5,13 % 5,13 %
Sales, owned shopping centres   13 819 12 244 36 576 34 980 50 211
Sales, managed shopping centres   2 261 1 980 5 975 5 633 8 058
             
Interest per balance sheet date (NOK)       139,0 144,4 167,8

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.

As a result of rounding differences, numbers and percentages do not always match the total.