Definitions
Change in value of stocks
For stocks held at both the start and end of the year, the change in market value consists of the difference in value between these two points in time. For stocks sold during the year, the change in market value consists of the difference between the sales price of the shares and their value at the start of the year. For stocks acquired during the year, the change in market value consists of the difference between the cost of the shares and their value at the end of the year.
Debt-equities ratio
Interest-bearing net debt in relation to the market value of the equities portfolio.
Earnings per share
Net income for the year divided by the total number of shares outstanding.
Equity ratio
Shareholders' equity as a share of total assets.
Interest-bearing net debt
Interest-bearing liabilities and pension liabilities less cash and cash equivalents and interest-bearing receivables.
Market value of equities portfolio
The value of the equities portfolio based on market prices on the balance sheet date.
Net asset value
The market value of the equities portfolio less interest-bearing net debt.
Net asset value including reinvested dividend
To calculate the development of net asset value before dividends paid out, the dividends paid out by the Company are recalculated to take into account the performance of the listed portfolio. This gives a measure of how net asset value would have developed if Industrivärden had not paid any dividend.
Total return
Change in the share price taking into account reinvested dividends. The total return is compared against the return index (SIXRX), which indicates the price trend including reinvested dividends for stocks listed on the Stockholm Stock Exchange.
Last update: 21 Feb 2020