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 shareholder’s equity and through external financing. At 31 December 2022, shareholder’s equity amounted to SEK 30,028 million.
At 31 December 2022 Hemsö’s interest-bearing liabilities amounted to SEK 49 567 (48,792) million.
| Q4 2022 | Q4 2021 | |
| Interest-bearing liabilities | 49,567 | 42,498 |
| Cash and cash equivalents |
526 |
687 |
| Net debt | 49,041 |
41,811 |
| Market value of investment properties | 84,879 | 75,737 |
| Investments in associated companies | 1,665 | 1 271 |
| Total | 86,544 | 77,008 |
| Loan-to-value ratio | 56.7% | 54.3% |
| Share of secured debt | 0.0 % | 0.0% |