Financial Key Ratios

Note: Accounting as Investment Entity according to IFRS 10 from 1 January 2016

Financial Key Ratios (Excel)

Definitions

Equity ratio
Shareholders’ equity as a percentage of total assets


Debt/equity ratio
Interest-bearing liabilities including interest-bearing provisions divided by shareholders’ equity


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


Net asset value, NAV
Net value of all assets on the balance sheet, equal to the shareholders’ equity


Net asset value growth
Change in net asset value without adjustment for dividend paid or other transactions with shareholders


Total shareholder return
Annualized total return of the Kinnevik B share on the basis of shareholders reinvesting all cash dividends, dividends in kind, and mandatory share redemption proceeds into the Kinnevik B share, before tax, on each respective ex-dividend date. The value of Kinnevik B shares held at the end of the measurement period is divided by the price of the Kinnevik B share at the beginning of the period, and the resulting total return is then recalculated as an annual rate


Portfolio value
Value of all assets on the balance sheet, less cash and cash equivalents