Amounts in NOK million | 31.12.17 | 31.12.16 |
Net rental income | 2 460 | 2 243 |
Fair value adjustments in investment properties and interest rate derivatives 1) | 2 438 | 2 984 |
Profit before taxes | 4 193 | 4 465 |
Profit before tax and fair value adjustments 1) | 1 755 | 1 481 |
Equity per share (NOK) | 228 | 197 |
Equity ratio | 44 % | 41 % |
Non-current net asset value per share (NOK) 2) | 277 | 240 |
Net cash flow from operations | 1 635 | 1 350 |
Cash reserves 3) | 8 137 | 4 950 |
Amortisation next 12 months | 7 578 | 4 669 |
Interest-bearing debt 4) | 21 713 | 21 252 |
Interest rate as at 31.12 | 2,98 % | 3,24 % |
Loan to value ratio 5) | 42 % | 44 % |
Net investments 6) | 1 875 | 4 239 |
Investment properties | 51 435 | 47 695 |
Annual rental income 7) | 2 910 | 2 850 |
Yield | 5,17 % | 5,32 % |
Sales, owned shopping centres | 50 768 | 50 380 |
Sales, managed shopping centres | 13 273 | 12 551 |
Share price as at 31.12 (NOK) | 163,0 | 160,0 |
Please note that as a result of rounding differences and reclassifications, figures and percentages will not always match the total sum.
1) Including value adjustments in joint ventures and associated companies
2) (Majority share of equity + deferred tax liabilities - fair value of debt (deferred tax 7%)) / Number of shares
3) Bank deposits etc. + Undrawn borrowing facilities
4) Unsecured part of interest-bearing debt NOK 6,399 million (31.12.2017) and NOK 3,460 million (31.12.2016), respectively
5) (Interest bearing debt - Bank deposits etc) / Investment properties
6) Net supply of investment properties with addition for activated upgrades and maintenance
7) Includes market rent for vacant premises