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 30 June 2021, shareholder’s equity amounted to SEK 22,203 million.
At 30 June 2021 Hemsö’s interest-bearing liabilities amounted to SEK 43,097 million (38,136).
| Q2 2021 | Q2 2020 | |
| Interest-bearing liabilities | 43,097 | 38,136 |
| Cash and cash equivalents |
519 |
1,173 |
| Net debt | 42,578 |
36,963 |
| Market value of investment properties | 69,619 | 57,239 |
| Investments in associated companies | 1,185 | 706 |
| Total | 70,804 | 36,963 |
| Loan-to-value ratio | 60.1% | 63.5% |
| Share of secured debt | 0.0 % | 0.0% |