Key figures

Amounts in NOK millions APM* 31.03.2021 31.03.2020 31.12.2020
         
Net rental income   686 625 2 707
Fair value adjustments in investment properties and interest rate derivatives 
1 497 -3 132 -1 548
Profit before income taxes   1 087 -2 742 338
Profit before income tax and fair value adjustments 
2 500 417 1 936
         
Equity ratio 3 48 % 45 % 47 %
Equity per share (NOK) 4 275 244 268
Long term net asset value per share (NOK) 
4 326 291 318
         
Net cash flow from operations 
5 560 378 1 710
Liquidity reserves 
6 7 696 7 764 7 226
Amortisation next 12 months 7 5 058 7 418 5 533
         
Interest-bearing debt
8 20 509 21 602 21 003
Interest per balance sheet date 9 3,12 % 3,38 % 3,06 %
Loan to value ratio 
8 37 % 40 % 38 %
         
Net investments
10 246 236 914
Market value properties 
11 54 733 52 668 54 656
Annualized rental income level 
12 3 250 3 200 3 250
Net yield properties 13 5,18 % 5,34 % 5,19 %
Sales, owned shopping centres   11 000 10 404 52 951
         
Interest per balance sheet date (NOK)   163,5 113,0 183,5

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.

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