Key figures

Amounts in NOK millions APM* Q4 2020 Q4 2019 31.12.2020 31.12.2019
           
Net rental income   670 679 2 706 2 684
Fair value adjustments in investment properties and interest rate derivatives 
1 1 754 517 -1 549 424
Profit before income taxes   2 194 968 344 2 336
Profit before income tax and fair value adjustments 2) 2 461 463 1 880 1 941
           
Equity ratio 3     47 % 46 %
Equity per share (NOK) 4     268 264
Long term net asset value per share (NOK) 3) 4     317 315
           
Net cash flow from operations 
5 468 422 1 732 1 765
Liquidity reserves 
6     7 226 6 796
Amortisation next 12 months 7     5 533 4 913
           
Interest-bearing debt
8     21 003 21 481
Interest per balance sheet date 9     3,06 % 3,27 %
Loan to value ratio 
8     38 % 39 %
           
Net investments
10 339 192 915 548
Market value properties 
11     54 656 54 257
Annualized rental income level 
12     3 250 3 215
Net yield properties 13     5,19 % 5,13 %
Sales, owned shopping centres   16 377 15 386 52 951 50 221
           
Interest per balance sheet date (NOK)       183,5 167,8

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.