Key figures

Amounts in NOK millions APM* Q2 2021 Q2 2020 30.06.2021 30.06.2020 31.12.2020
             
Net rental income   703 689 1 389 1 314 2 707
Fair value adjustments in investment properties and interest rate derivatives 
1 19 -328 516 -3 460 -1 548
Profit before income taxes   503 180 1 590 -2 562 338
Profit before income tax, fair value adjustments and currency result 
2 525 502 1 025 919 1 936
             
Equity ratio 3     49 % 45 % 47 %
Equity per share (NOK) 4     280 246 268
Long term net asset value per share (NOK) 
4     331 292 318
             
Net cash flow from operations 
5 440 466 1 000 844 1 710
Liquidity reserves 
6     7 303 6 152 7 226
Amortisation next 12 months 7     5 111 6 314 5 533
             
Interest-bearing debt
8     20 189 21 393 21 003
Interest per balance sheet date 9     3,12 % 3,03 % 3,06 %
Loan to value ratio 
8     36 % 40 % 38 %
             
Net investments
10 -106 140 141 376 914
Market value properties 
11     54 746 52 586 54 656
Annualized rental income level 
12     3 250 3 200 3 250
Net yield properties 13     5,16 % 5,35 % 5,19 %
Sales, owned shopping centres   12 766 12 353 23 786 22 785 52 951
             
Interest per balance sheet date (NOK)       178,0 140,0 183,5

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.