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2016-02-10 15:05:01 CET 2016-02-10 15:05:01 CET SÄÄNNELTY TIETO Norvestia - Net Asset ValueNORVESTIA’S AMENDED NET ASSET VALUE DECREASED BY 1.0% IN JANUARYHelsinki, Finland, 2016-02-10 15:05 CET (GLOBE NEWSWIRE) -- Norvestia Oyj Stock exchange release 10 February 2016 at 16:05 NORVESTIA’S AMENDED NET ASSET VALUE DECREASED BY 1.0% IN JANUARY Return on Amended NAV, 1 month* -1.0% Return on NAV, 1 month -1.1% Return on Amended NAV, 12 months* 11.4% (dividend-adjusted) Return on NAV, 12 months 3.7% (dividend-adjusted) 31/1/2016 31/12/2015 31/12/2014 Net Asset Value/share, EUR 10.08 10.19 9.59 Amended Net Asset Value/share, EUR* 10.98 11.09 9.73 Share price, EUR 7.83 7.99 7.40 ASSETS EUR million EUR million EUR million NON-CURRENT ASSETS Interests in associates 11.2 11.2 7.3 Loan receivables from associates 1.7 1.7 1.9 Other investments 7.4 7.4 4.6 Deferred tax assets 3.4 3.7 3.7 CURRENT ASSETS Shares held for trading 72.1 74.8 65.4 Other financial assets at fair value 48.3 50.0 52.0 Cash and receivables 18.1 15.9 17.1 ASSETS IN TOTAL 162.2 164.7 152.0 Current liabilities -1.8 -1.9 -0.4 Deferred tax liabilities -6.1 -6.8 -4.7 NET ASSET VALUE 154.3 156.0 146.9 AMENDED NET ASSET VALUE* 168.2 169.9 149.0 Number of shares 15,316,560 * External valuations made to confirm the fair values of growth equity investments resulted in an increase in the value of the associates. According to IFRS, appreciations of investments in associates cannot be booked because the associates are accounted for in Norvestia's consolidated financial statements using the equity method. ACCOUNTING PRINCIPLES Shares held for trading mainly consist of listed shares and derivative contracts that are measured at fair value by the last trade price on active markets on the balance sheet date. Other financial assets at fair value consist mainly of funds whose fair value is determined as the funds’ Net Asset Value on the balance sheet date. The group also includes bonds, the fair value of which is measured at the last trade price on the balance sheet date. Other investments include unlisted shares and private equity fund investments, which are measured at fair value. If the investments have no active market then the fair value is determined using various valuation methods that are usually based on forecasted cash flows. The fair values of private equity fund investments are based on the latest fund values announced by the private equity fund management companies. Norvestia Oyj Juha Kasanen Managing Director Tel. +358-9-6226 380 DISTRIBUTION Nasdaq Helsinki Main media www.norvestia.fi |
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