Key figures

Figures in NOK millions APM* Q2 2023 Q2 2022 30.06.2023 30.06.2022 31.12.2022
             
Net rental income   848 718 1 699 1 436 2 879
Fair value adjustments in investment properties and interest rate derivatives 
1 -409 857 -688 2 749 920
Profit before income taxes   173 1 418 407 3 885 3 134
Profit before income tax, fair value adjustments and currency result 
2 592 618 1 185 1 150 2 174
             
Equity ratio 3     51 % 53 % 52 %
Equity per share (NOK) 4     315 321 318
Long term net asset value per share (NOK) 
4     372 378 374
             
Net cash flow from operations 
  584 537 1 057 1 074 2 045
Liquidity reserves 
5     4 910 5 681 5 139
Amortisation next 12 months 6     2 862 2 445 2 623
             
Interest-bearing debt
7     21 672 20 495 20 227
Interest per balance sheet date 8     4,70 % 3,40 % 4,45 %
Loan to value ratio 
7     36 % 34 % 35 %
             
Net investments
9 267 30 1 695 461 889
Market value properties 
10     59 486 59 123 57 715
Annualized rental income level 
11     3 730 3 340 3 385
Net yield properties 12     5,48 % 4,90 % 5,10 %
Sales, owned shopping centres   14 643 13 999 27 480 25 816 57 032
             
Interest per balance sheet date (NOK)       167,5 166,5 175,5

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.