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 31 December 2020, shareholders’ equity amounted to SEK 20,082 million. 

At 31 December 2020 Hemsö’s interest-bearing liabilities amounted to SEK 38,652 million (35,542).

 

Capital structure, SEK million
  Q4 2020 Q4 2019
Interest-bearing liabilities 38,652 35,542
Cash and cash equivalents      891      988
Net debt 37,761

34,554

     
Market value of investment properties 62,240  55,027
Investments in associated companies     698      635
Total 62,938 55,662
Loan-to-value ratio 60.0%   62.1%
Share of secured debt   0.0%    0.0%