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).

 

Capital structure, SEK million
  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%