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 June 2020, shareholders’ equity amounted to SEK 16,789 million. 

At 30 June 2020 debt portfolio amounted to SEK 38,136 million and comprises secured bank loans, commercial paper and unsecured bonds.

 

Capital structure, SEK million
  Q2 2020 Q2 2019
Interest-bearing liabilities 38,136 35,638
Current investments         -     470
Cash and cash equivalents    1,173   1,863
Net debt 36,963

33,305

     
Market value properties 57,533  51,614
Investments in associated companies     706      739
Total 58,239 52,353
Loan-to-value ratio 63.5%  63.6%
Share of secured debt   0.0%   0.0%