Financing

The overall objective of Hemsö’s financial operations is to ensure a long-term, stable capital structure, and to achieve the best possible financial net within the given risk frameworks.

Finance policy

Responsibility for Hemsö’s financial transactions and risks are managed centrally by the Group’s Finance Department. Work is conducted according to the Group’s finance policy, which is adopted by the Board of Directors. 

Capital structure

Hemsö is currently partly financed with capital from owners in the form of shareholders’ equity and through external financing. At 30 September 2020, shareholders’ equity amounted to SEK 18,443 million. 

At 30 September 2020 Hemsö’s interest-bearing liabilities amounted to SEK 38,431 million (36,008).

 

Capital structure, SEK million
  Q3 2020 Q3 2019
Interest-bearing liabilities 38,431 36,008
Current investments         -      375
Cash and cash equivalents    1,249    1,747
Net debt 37,182

33,886

     
Market value of investment properties 59,658  53,218
Investments in associated companies     719      622
Total 60,377 53,840
Loan-to-value ratio 61.6%   62.9%
Share of secured debt   0.0%    0.0%