Eik fasteignafélag Logo

Eik fasteignafélag

ISIN

IS0000020709

Ticker

EIK

Sector

Real Estate

Sub-Industry

Real Estate Operating Companies

Country

Iceland

Year Founded

2002

About Eik fasteignafélag

Company Description

Eik Real Estate Company was founded in 2002 as a specialized company for the ownership and leasing of commercial real estate. Since its establishment, the company has grown with a focus on investments in the main economic centers of the capital.

Eikar's tenants are diverse and run different types of businesses. The rental spaces of the company's tenants range from 15 square meters to several thousand square meters. The company's tenants number over 400 in over 600 rental units. Because of its size and solid roots, the company enjoys favorable credit terms that are passed on to customers in the form of favorable lease terms. Also, the size of the company has enabled Eik tämäðinfélagi to offer its customers a wide range of housing and usage options.

Headcount

46

Served Area

Iceland

Headquarters

Sóltún 26
105, Reykjavík
Iceland

Financial statements

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Line item in (isk) 01.01.2020 01.01.2021 01.01.2022 01.01.2023 01.01.2024
Assets N/A 106,050,000,000.00 114,928,000,000.00 128,651,000,000.00 141,629,000,000.00
Noncurrent Assets N/A 103,286,000,000.00 110,922,000,000.00 124,891,000,000.00 139,947,000,000.00
Property Plant And Equipment N/A 3,789,000,000.00 4,183,000,000.00 4,162,000,000.00 5,975,000,000.00
Investment Property N/A 98,404,000,000.00 105,638,000,000.00 119,639,000,000.00 132,106,000,000.00
Investment Property Under Construction Or Development N/A 659,000,000.00 663,000,000.00 671,000,000.00 1,079,000,000.00
Goodwill N/A 351,000,000.00 351,000,000.00 351,000,000.00 351,000,000.00
Noncurrent Receivables N/A 83,000,000.00 88,000,000.00 68,000,000.00 436,000,000.00
Current Assets N/A 2,764,000,000.00 4,005,000,000.00 3,760,000,000.00 1,682,000,000.00
Trade And Other Current Receivables N/A 842,000,000.00 708,000,000.00 774,000,000.00 698,000,000.00
Cash and cash equivalents 1,837,000,000.00 1,922,000,000.00 3,297,000,000.00 2,986,000,000.00 984,000,000.00
Equity And Liabilities N/A 106,050,000,000.00 114,928,000,000.00 128,651,000,000.00 141,629,000,000.00
Equity N/A 33,200,000,000.00 37,483,000,000.00 43,744,000,000.00 49,023,000,000.00
Issued Capital N/A 3,415,000,000.00 3,415,000,000.00 3,415,000,000.00 3,415,000,000.00
Retained Earnings N/A 10,255,000,000.00 12,951,000,000.00 15,692,000,000.00 30,691,000,000.00
Share Premium N/A 12,648,000,000.00 12,648,000,000.00 12,648,000,000.00 12,648,000,000.00
Other Reserves N/A 6,016,000,000.00 7,603,000,000.00 11,122,000,000.00 0.00
Statutory Reserve N/A 866,000,000.00 866,000,000.00 866,000,000.00 854,000,000.00
Liabilities N/A 72,850,000,000.00 77,444,000,000.00 84,907,000,000.00 92,606,000,000.00
Noncurrent Liabilities N/A 70,232,000,000.00 71,095,000,000.00 77,455,000,000.00 82,428,000,000.00
Deferred Tax Liabilities N/A 7,445,000,000.00 8,680,000,000.00 10,683,000,000.00 12,503,000,000.00
Other Noncurrent Financial Liabilities N/A 60,500,000,000.00 60,061,000,000.00 64,292,000,000.00 67,176,000,000.00
Current Liabilities N/A 2,618,000,000.00 6,349,000,000.00 7,452,000,000.00 10,178,000,000.00
Trade And Other Current Payables N/A 1,116,000,000.00 1,596,000,000.00 1,472,000,000.00 1,788,000,000.00
Other Current Financial Liabilities N/A 1,501,000,000.00 4,753,000,000.00 5,980,000,000.00 8,390,000,000.00
Line item in (isk) 01.01.2020/
01.01.2021
01.01.2021/
01.01.2022
01.01.2022/
01.01.2023
01.01.2023/
01.01.2024
Revenue 8,345,000,000.00 8,668,000,000.00 10,078,000,000.00 11,224,000,000.00
Other Income 783,000,000.00 956,000,000.00 1,516,000,000.00 1,710,000,000.00
Depreciation And Amortisation Expense -304,000,000.00 135,000,000.00 138,000,000.00 50,000,000.00
Profit Loss From Operating Activities 5,480,000,000.00 10,813,000,000.00 17,264,000,000.00 14,938,000,000.00
Finance Income 36,000,000.00 33,000,000.00 50,000,000.00 120,000,000.00
Finance Costs 4,439,000,000.00 4,678,000,000.00 7,309,000,000.00 7,740,000,000.00
Profit Loss Before Tax 1,076,000,000.00 6,168,000,000.00 10,004,000,000.00 7,318,000,000.00
Income Tax Expense Continuing Operations 230,000,000.00 1,234,000,000.00 2,004,000,000.00 1,465,000,000.00
Profit Loss From Continuing Operations 846,000,000.00 4,933,000,000.00 8,001,000,000.00 5,853,000,000.00
Profit (loss) 693,000,000.00 4,933,000,000.00 8,001,000,000.00 7,279,000,000.00
Line item in (isk) 01.01.2020 01.01.2021 01.01.2022 01.01.2023 01.01.2024
Profit (loss) N/A 693,000,000.00 4,933,000,000.00 8,001,000,000.00 7,279,000,000.00
Adjustments For Fair Value Gains Losses N/A -594,000,000.00 -5,215,000,000.00 -10,431,000,000.00 -7,513,000,000.00
Adjustments For Losses Gains On Disposal Of Noncurrent Assets N/A -152,000,000.00 -88,000,000.00 -362,000,000.00 0.00
Other Adjustments To Reconcile Profit Loss N/A N/A N/A 137,000,000.00 50,000,000.00
Cash Flows From Used In Operations N/A 4,836,000,000.00 5,763,000,000.00 6,512,000,000.00 7,234,000,000.00
Interest Paid Classified As Operating Activities N/A 3,014,000,000.00 2,304,000,000.00 2,497,000,000.00 3,271,000,000.00
Interest Received Classified As Operating Activities N/A 36,000,000.00 33,000,000.00 50,000,000.00 120,000,000.00
Cash Flows From Used In Operating Activities N/A 1,858,000,000.00 3,492,000,000.00 4,066,000,000.00 4,083,000,000.00
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities N/A N/A N/A 0.00 487,000,000.00
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities N/A 5,000,000.00 3,000,000.00 6,000,000.00 0.00
Purchase Of Property Plant And Equipment Classified As Investing Activities N/A 106,000,000.00 533,000,000.00 123,000,000.00 80,000,000.00
Purchase Of Other Longterm Assets Classified As Investing Activities N/A 0.00 3,000,000.00 8,000,000.00 10,000,000.00
Cash Flows From Used In Investing Activities N/A -2,722,000,000.00 -1,848,000,000.00 -3,316,000,000.00 -4,023,000,000.00
Payments To Acquire Or Redeem Entitys Shares N/A 46,000,000.00 0.00 N/A N/A
Proceeds From Borrowings Classified As Financing Activities N/A 21,181,000,000.00 12,814,000,000.00 6,394,000,000.00 8,211,000,000.00
Repayments Of Borrowings Classified As Financing Activities N/A 20,260,000,000.00 12,358,000,000.00 5,715,000,000.00 8,274,000,000.00
Dividends Paid Classified As Financing Activities N/A 0.00 650,000,000.00 1,740,000,000.00 2,000,000,000.00
Other Inflows Outflows Of Cash Classified As Financing Activities N/A 75,000,000.00 -75,000,000.00 0.00 N/A
Cash Flows From Used In Financing Activities N/A 950,000,000.00 -270,000,000.00 -1,061,000,000.00 -2,063,000,000.00
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes N/A 85,000,000.00 1,375,000,000.00 -311,000,000.00 -2,003,000,000.00
Cash and cash equivalents 1,837,000,000.00 1,922,000,000.00 3,297,000,000.00 2,986,000,000.00 984,000,000.00

Please note that some sums might not add up.

Filings & Publications

  • Consolidated Report 2023 - Q4 Icelandic 🇮🇸 Published: 20.02.2024
  • Consolidated Report 2022 - Q4 Icelandic 🇮🇸
  • Consolidated Report 2021 - Q4 English 🇬🇧

Capital Markets Information

ISIN

IS0000020709

LEI

2138005WRSDC4DI3BJ43

Listed Stock Exchange

Nasdaq Iceland

Stock Index

OMX Iceland All-Share Index

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