Selected Financial Measures

 1 january - 30 june1 january - 31 december
SEK thousands (unless otherwise indicated)2021202020202019
IFRS-defined financial measures    
Net revenue78 81953 563118 524100 794
Net profit-33 086-86 859496 146515 990
Earnings per share, SEK*-0,6-1,69,29,6
     
Alternative measures    
Pre-tax profit-34 278-103 896650 624651 023
Yield, equity (%)E/TE/T1519
Net asset value (NAV) per share, SEK*78668167
Loan-to-value ratio properties (%)27282727
Gross profit property management14 31223 29331 82971 720
Debt-equity ratio (%)59575960
Property expenses24 68014 73830 67729 074
Rental income38 99238 03162 506100 794
Surplus ratio (%)52616071

* Adjusted for the split approved by the General Meeting on 19 May 2021

 

Definitions

Definitions of alternative non-IFRS defined measures.

Financial measuresDefinitionPurpose
Return on equity (%)Earnings for the period in per cent of average equity.The measure is presented to show the return generated on equity and to monitor the profitability of the business and capital efficiency. 
Current net asset value (NAV) per share, SEK*Assets, adjusted for the fair value of the entire property portfolio, minus liabilities and with the repayment of deferred tax divided by the average number of shares.The measure shows shareholders’ percentage of the company’s equity.
Loan-to-value ratio, properties (%)Interest-bearing liabilities excluding liabilities for financial leasing as a percentage of the property portfolio’s fair value at the end of the period.The ratio shows how high/low the property portfolio is mortgaged. 
Gross profit property managementRental income minus costs for property management and depreciation on operating properties.The measure shows the management operations’ earning capacity after management costs.
Pre-tax profitProfit for the period divided by the average number of shares outstanding for the period.This measure shows shareholder’s percentage of the company’s profit.
Debt-equity ratio (%)Booked equity at end of the period in per cent of the balance sheet total. This is used in part to highlight the company’s financial stability.The ratio shows the proportion of the balance sheet total that consists of equity and gives the investor an idea and basis for assessing the company’s capital structure.
Property costsThis item includes both direct property costs and costs for operation, maintenance, site leasehold fees, property taxes and depreciation on operating properties.The measure shows the company’s costs related to its investment properties and operating properties. 
Rent incomeCharged rent fees plus supplements, such as compensation for heating, electricity and property tax.This measure shows the company’s rent income.
Rent valueContracted annual rent including rent surcharges and estimated market rent for vacant areas in existing condition. This is used to highlight the company’s income potential.The measure shows the company’s rent value.
Surplus ratio (%)Rental income minus property costs divided by rental income. This ratio serves as a complementary measure of the Group’s earnings before consideration of financial income and expenses, general administrative expenses and unrealised changes in value.