Alternative Performance Measures in Kinnevik's 2020 Annual Report
Reconciliations of a selection of Alternative Performance Measures included in the 2020 Annual Report
Portfolio Value
Total book value of fixed financial assets accounted at fair value through profit and loss
Please see Note 3 in the 2020 Annual Report
Net Cash/(Net Debt)
Interest bearing receivables (excluding net outstanding receivables relating to portfolio companies), short-term investments and cash and cash equivalents less interest-bearing liabilities including interest-bearing provisions and unpaid investments/divestments
31 December, 2020
31 December, 2019
Interest-bearing receivables (excluding net outstanding receivables
relating to portfolio companies)
211
19
Short-term investments
3 878
3 664
Cash and cash equivalents
3 711
223
- Interest-bearing liabilities including interest-bearing provisions
(2 941)
(4 836)
- Unpaid investments/divestments
(42)
0
Net cash/(Net Debt)
4 817
(930)
Net Cash/(Net Debt) including Net Loans to Investee Companies
Interest bearing receivables, short-term investments and cash and cash equivalents less interest-bearing liabilities including interest-bearing provisions and unpaid investments/divestments
31 December, 2020
31 December, 2019
Interest-bearing loans to portfolio companies
466
474
Net cash/(Net Debt)
4 817
(930)
Net cash/(Net debt) including net loans to investee companies
5 283
(456)
Net Asset Value (NAV)
Net value of all assets on the balance sheet, equal to the shareholders' equity
31 December, 2020
31 December, 2019
Portfolio Value
107 556
74 230
Net cash/(Net debt)
4 817
(930)
Other net liabilities/assets
(702)
(5)
Net Asset Value, (NAV)
111 671
73 295
Net Asset Value Change
Change in net asset value without adjustment for dividend paid or other transactions with shareholders
Net Asset Value 31 December 2020
111 671
Net Asset Value 31 December 2019
73 295
Net Asset Value Change
52%
Leverage
Net debt (excluding Net Loans to Investee Companies) as a percentage of portfolio value
31 December, 2020
31 December, 2019
Net Cash/(Net Debt)
4 817
(930)
Portfolio Value
107 556
74 230
Leverage
-
1.3%
Equity Ratio
Shareholders' equity including non-controlling interest as percentage of total assets
31 December, 2020
31 December, 2019
Shareholders' Equity
111 671
73 295
Total Assets
115 747
78 276
Equity Ratio
96%
94%
Debt/Equity Ratio
Interest-bearing liabilities including interest-bearing provisions divided by shareholders' equity
31 December, 2020
31 December, 2019
Interest bearing liabilities including net interest bearing provisions
2 941
4 836
Shareholders' Equity
111 671
73 295
Debt/Equity Ratio
0.03
0.07
Investments
All investments in listed and unlisted financial assets, including loans to portfolio companies
Please see Note 3 in the 2020 Annual Report
Net Investments
The net of all investments and divestments in listed and unlisted financial assets
2020
2019
Investments
2 329
4 566
Divestments
(8 871)
(6 190)
Net Investments
(6 542)
(1 624)
Please see page 68 in the 2020 Annual Report for additional details
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Disclaimer
Kinnevik AB published this content on 07 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 April 2021 12:13:06 UTC.
Kinnevik AB is an investment company. At the end of 2022, its portfolio had a market value of SEK 43.4 billion, broken down by type of shares as follows:
- shares in unlisted companies (66.3%): primarily MatHem (owned at 31%; online sales of food products), Instabee (13%; transportation and logistics services), Monese (21%; development of software solutions for financial transactions) and TravelPerk (15%; travel organization and management services);
- shares in listed companies (33.6%): primarily Global Fashion Group (owned at 36% owned; online fashion retailing), Tele2 (19.9%; telecommunications services), Babylon (18.6%; digital health services) and Teladoc (2.3%; telemedicine and virtual health services);
- other (0.1%).
KINNEVIK AB 
