Olav Thon Eiendomsselskap ASA Logo

Olav Thon Eiendomsselskap ASA






Real Estate


Real Estate Development



Year Founded


About Olav Thon Eiendomsselskap ASA

Company Description

Olav Thon Eiendomsselskap ASA was founded in 1982 and its shares were listed on the Oslo Stock Exchange in 1983.

Since the early 1990s, its main focus area has been shopping centre properties and Olav Thon Eiendomsselskap is today the largest shopping centre actor in Norway and also an important player in the Swedish shopping centre market.

The company is part of the Olav Thon Group, which is Norway's largest private property player and one of Norway's largest hotel operators (Thon Hotels). The Olav Thon Group is owned by the Olav Thon Foundation.

Served Area



Postboks 489 Sentrum
0105, Oslo

Financial statements

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Line item in (nok) 01.01.2021 02.01.2021 01.01.2022 02.01.2022 01.01.2023
Assets N/A N/A 62,000,000,000.00 N/A 62,584,000,000.00
Noncurrent Assets N/A N/A 60,560,000,000.00 N/A 61,274,000,000.00
Property Plant And Equipment N/A N/A 187,000,000.00 N/A 186,000,000.00
Other Property Plant And Equipment N/A N/A 58,000,000.00 N/A 50,000,000.00
Investment Property N/A N/A 56,866,000,000.00 N/A 57,699,000,000.00
Investment Accounted For Using Equity Method N/A N/A 3,004,000,000.00 N/A 2,965,000,000.00
Other Noncurrent Financial Assets N/A N/A 445,000,000.00 N/A 374,000,000.00
Current Assets N/A N/A 1,440,000,000.00 N/A 1,310,000,000.00
Trade And Other Current Receivables N/A N/A 992,000,000.00 N/A 1,056,000,000.00
Cash and cash equivalents N/A 484,000,000.00 448,000,000.00 448,000,000.00 254,000,000.00
Equity And Liabilities N/A N/A 62,000,000,000.00 N/A 62,584,000,000.00
Equity 28,136,000,000.00 N/A 31,342,000,000.00 N/A 32,673,000,000.00
Issued Capital N/A N/A 104,000,000.00 N/A 101,000,000.00
Share Premium N/A N/A 318,000,000.00 N/A 318,000,000.00
Other Reserves N/A N/A 30,484,000,000.00 N/A 31,815,000,000.00
Noncontrolling Interests N/A N/A 436,000,000.00 N/A 438,000,000.00
Liabilities N/A N/A 30,658,000,000.00 N/A 29,911,000,000.00
Noncurrent Liabilities N/A N/A 25,325,000,000.00 N/A 25,841,000,000.00
Deferred Tax Liabilities N/A N/A 7,493,000,000.00 N/A 7,940,000,000.00
Noncurrent Financial Liabilities At Amortised Cost N/A N/A 16,780,000,000.00 N/A 17,605,000,000.00
Other Noncurrent Nonfinancial Liabilities N/A N/A 712,000,000.00 N/A 100,000,000.00
Current Liabilities N/A N/A 5,333,000,000.00 N/A 4,070,000,000.00
Trade And Other Current Payables N/A N/A 1,790,000,000.00 N/A 1,224,000,000.00
Current Tax Liabilities Current N/A N/A 209,000,000.00 N/A 225,000,000.00
Other Current Financial Liabilities N/A N/A 3,335,000,000.00 N/A 2,622,000,000.00
Line item in (nok) 01.01.2021/
Depreciation And Amortisation Expense 32,000,000.00 26,000,000.00
Profit Loss From Operating Activities 4,631,000,000.00 2,984,000,000.00
Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method 283,000,000.00 122,000,000.00
Profit Loss Before Tax 4,767,000,000.00 3,134,000,000.00
Income Tax Expense Continuing Operations 944,000,000.00 668,000,000.00
Profit (loss) 3,822,000,000.00 2,466,000,000.00
Profit Loss Attributable To Owners Of Parent 3,770,000,000.00 2,452,000,000.00
Profit Loss Attributable To Noncontrolling Interests 53,000,000.00 14,000,000.00
Line item in (nok) 01.01.2022 02.01.2021 01.01.2023 02.01.2022
Profit (loss) 3,822,000,000.00 N/A 2,466,000,000.00 N/A
Adjustments For Depreciation And Amortisation Expense 32,000,000.00 N/A 26,000,000.00 N/A
Interest Paid Classified As Operating Activities -667,000,000.00 N/A -747,000,000.00 N/A
Other Inflows Outflows Of Cash Classified As Operating Activities -159,000,000.00 N/A -608,000,000.00 N/A
Cash Flows From Used In Operating Activities 1,684,000,000.00 N/A 1,243,000,000.00 N/A
Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities 0.00 N/A 263,000,000.00 N/A
Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities 366,000,000.00 N/A 0.00 N/A
Purchase Of Property Plant And Equipment Classified As Investing Activities 873,000,000.00 N/A 706,000,000.00 N/A
Other Inflows Outflows Of Cash Classified As Investing Activities 14,000,000.00 N/A 240,000,000.00 N/A
Cash Flows From Used In Investing Activities -492,000,000.00 N/A -537,000,000.00 N/A
Proceeds From Borrowings Classified As Financing Activities 14,550,000,000.00 N/A 9,404,000,000.00 N/A
Repayments Of Borrowings Classified As Financing Activities 15,245,000,000.00 N/A 9,206,000,000.00 N/A
Payments Of Lease Liabilities Classified As Financing Activities 11,000,000.00 N/A 8,000,000.00 N/A
Dividends Paid Classified As Financing Activities 520,000,000.00 N/A 691,000,000.00 N/A
Cash Flows From Used In Financing Activities -1,226,000,000.00 N/A -900,000,000.00 N/A
Effect Of Exchange Rate Changes On Cash And Cash Equivalents -2,000,000.00 N/A 0.00 N/A
Increase (decrease) in cash and cash equivalents after effect of exchange rate changes -36,000,000.00 N/A -194,000,000.00 N/A
Cash and cash equivalents 448,000,000.00 484,000,000.00 254,000,000.00 448,000,000.00

Please note that some sums might not add up.

Filings & Publications

Capital Markets Information





Listed Stock Exchange

Oslo Børs

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