Figures in NOK millions | APM* | Q4 2023 | Q4 2022 | 31.12.2023 | 31.12.2022 |
Net rental income | 838 | 727 | 3 361 | 2 879 | |
Fair value adjustments in investment properties and interest rate derivatives |
1 | -2 312 | -1 362 | -4 332 | 920 |
Profit before income taxes | -1 826 | -799 | -2 183 | 3 134 | |
Profit before income tax, fair value adjustments and currency result |
2 | 532 | 506 | 2 259 | 2 174 |
Equity ratio | 3 | 50 % | 52 % | ||
Equity per share (NOK) | 4 | 296 | 318 | ||
Long term net asset value per share (NOK) |
4 | 348 | 374 | ||
Net cash flow from operations |
443 | 494 | 2 032 | 2 045 | |
Liquidity reserves |
5 | 5 382 | 5 139 | ||
Amortisation next 12 months | 6 | 1 527 | 2 623 | ||
Interest-bearing debt |
7 | 20 997 | 20 227 | ||
Interest per balance sheet date | 8 | 5,17 % | 4,45 % | ||
Loan to value ratio |
7 | 37 % | 35 % | ||
Interest coverage ratio | 9 | 3,1 | 3,8 | ||
Net investments |
10 | 199 | 273 | 2 029 | 889 |
Market value properties |
11 | 56 568 | 57 715 | ||
Annualized rental income level |
12 | 3 800 | 3 385 | ||
Net yield properties | 13 | 5,90 % | 5,10 % | ||
Sales, owned shopping centres | 18 219 | 17 343 | 60 568 | 57 032 | |
Interest per balance sheet date (NOK) | 186,5 | 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.