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.