Annual Report 2018/19
Announcement No 2 2019/20
The Supervisory Board of
The Annual Report:
·Basic earnings amount to
Basic earnings are calculated as profit before tax for the year adjusted for fair value adjustments of financial assets, interest swaps and debt.
·The Group’s profit before tax amounts to
The Group’s profit before tax is
DKK 6.5 million from fair value adjustments of securities;DKK 0.2 million from fair value adjustments of investment properties;DKK -16.0 million from fair value adjustments of interest swaps and fair value adjustments of debt to mortgage credit institutes as well as expenses relating to the raising of mortgage credit loans.
Dividend:
·The Supervisory Board proposes to the General Meeting that dividend of
Fourth quarter of the financial year 2019
- Basic earnings for the quarter amount to
DKK 6.6 million (DKK 8.7 million ).
- The Group’s profit before tax amounts to
DKK 3.8 million (DKK 13.8 million ).
The profit before tax for the quarter is
DKK 0.8 million from fair value adjustments of investment properties;DKK 0.1 million from fair value adjustments of securities;DKK -3.7 million from fair value adjustments of interest swaps and fair value adjustments of debt to mortgage credit institutes as well as expenses relating to the raising of mortgage credit loans.
Expected basic earnings for 2019/20:
- For the coming financial year 2019/20, basic earnings of approx.
DKK 31 million are expected. - Fair value adjustments of interest swaps are not included in basic earnings and would at
9 December 2019 affect the Group’s profit before tax byDKK 3.8 million .
For additional information concerning the Annual Report, please contact
(tel: +45 33325015).
Attachment
UK Medd. og sammendrag 30.september 2019
© OMX, source