Pioneer Property Group ASA
ISIN: NO0010735681 | Ticker: PPG | LEI: 5967007LIEEXZXJ3BC22
Country: Norway
Pioneer Property Group ASA (PPG) is an investment company with a real estate focus. PPG’s real estate portfolio consists of three preschool properties, six hotel properties, six retail properties and four development projects.
The focus area for PPG will be to continue to invest in real estate and enter into long-term triple-net leases with leading operators. In 2020 PPG expanded its real estate activities and now invest through the following sub-groups:
1) Preschools
2) Retail Properties
3) Hotel Properties
4) Development Properties
5) Office Properties
1990
Served areaScandinavia
HeadquartersRådhusgata 23, 0158 Oslo – Norway
| Line item in (nok) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Assets | N/A | 1,300,613,000.00 | 2,186,614,000.00 | 2,459,603,000.00 |
| Noncurrent Assets | N/A | 414,681,000.00 | 1,902,835,000.00 | 2,046,399,000.00 |
| Investment Property | N/A | 94,000,000.00 | 1,393,041,000.00 | 1,798,709,000.00 |
| Investment Accounted For Using Equity Method | N/A | 0.00 | 14,868,000.00 | 107,100,000.00 |
| Noncurrent Receivables | N/A | 0.00 | 32,646,000.00 | 12,296,000.00 |
| Other Noncurrent Financial Assets | N/A | 314,497,000.00 | 365,441,000.00 | 48,953,000.00 |
| Other Noncurrent Nonfinancial Assets | N/A | N/A | 0.00 | 21,654,000.00 |
| Current Assets | N/A | 885,932,000.00 | 283,779,000.00 | 413,204,000.00 |
| Trade And Other Current Receivables | N/A | 8,642,000.00 | 10,171,000.00 | 29,024,000.00 |
| Other Current Financial Assets | N/A | 491,031,000.00 | 154,225,000.00 | 118,954,000.00 |
| Cash and cash equivalents | 1,860,814,000.00 | 386,260,000.00 | 119,383,000.00 | 265,226,000.00 |
| Equity And Liabilities | N/A | 1,300,613,000.00 | 2,186,614,000.00 | 2,459,603,000.00 |
| Equity | 2,411,782,000.00 | 1,231,992,000.00 | 1,377,369,000.00 | 1,360,639,000.00 |
| Issued Capital | N/A | 14,683,000.00 | 14,683,000.00 | 14,683,000.00 |
| Retained Earnings | N/A | 650,963,000.00 | 779,630,000.00 | 739,604,000.00 |
| Share Premium | N/A | 555,637,000.00 | 555,637,000.00 | 555,637,000.00 |
| Treasury Shares | N/A | 988,000.00 | 988,000.00 | 988,000.00 |
| Noncontrolling Interests | N/A | 11,696,000.00 | 28,407,000.00 | 51,703,000.00 |
| Liabilities | N/A | 68,622,000.00 | 809,245,000.00 | 1,098,964,000.00 |
| Noncurrent Liabilities | N/A | 36,849,000.00 | 574,701,000.00 | 894,984,000.00 |
| Deferred Tax Liabilities | N/A | 4,724,000.00 | 54,218,000.00 | 58,338,000.00 |
| Other Noncurrent Financial Liabilities | N/A | 32,125,000.00 | 520,483,000.00 | 834,870,000.00 |
| Other Noncurrent Nonfinancial Liabilities | N/A | N/A | 0.00 | 1,777,000.00 |
| Current Liabilities | N/A | 31,773,000.00 | 234,544,000.00 | 203,980,000.00 |
| Trade And Other Current Payables | N/A | 11,857,000.00 | 34,967,000.00 | 60,082,000.00 |
| Current Tax Liabilities Current | N/A | 6,655,000.00 | 22,724,000.00 | 6,813,000.00 |
| Other Current Financial Liabilities | N/A | 13,040,000.00 | 176,854,000.00 | 137,087,000.00 |
| Other Current Nonfinancial Liabilities | N/A | 220,000.00 | 0.00 | N/A |
| Line item in (nok) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|
| Revenue From Interest | 28,689,000.00 | 15,234,000.00 | 17,027,000.00 |
| Other Income | 0.00 | 461,000.00 | 1,089,000.00 |
| Wages And Salaries | 3,209,000.00 | 2,856,000.00 | 4,301,000.00 |
| Other Expense By Nature | 5,846,000.00 | 8,058,000.00 | 13,247,000.00 |
| Profit Loss From Operating Activities | -5,365,000.00 | 251,535,000.00 | 69,781,000.00 |
| Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | 19,498,000.00 | -4,106,000.00 | -1,647,000.00 |
| Profit Loss Before Tax | 120,954,000.00 | 300,710,000.00 | 76,571,000.00 |
| Income Tax Expense Continuing Operations | 10,722,000.00 | 72,409,000.00 | 11,795,000.00 |
| Profit Loss From Continuing Operations | 110,232,000.00 | 228,301,000.00 | N/A |
| Profit Loss From Discontinued Operations | 27,835,000.00 | 0.00 | N/A |
| Profit (loss) | 138,067,000.00 | 228,301,000.00 | 64,775,000.00 |
| Profit Loss Attributable To Owners Of Parent | 137,914,000.00 | 210,847,000.00 | 38,778,000.00 |
| Profit Loss Attributable To Noncontrolling Interests | 153,000.00 | 17,454,000.00 | 25,997,000.00 |
| Line item in (nok) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Profit (loss) | N/A | 138,067,000.00 | 228,301,000.00 | 64,775,000.00 |
| Adjustments For Finance Costs | N/A | -24,645,000.00 | 5,496,000.00 | 25,694,000.00 |
| Adjustments For Increase Decrease In Trade Account Payable | N/A | -38,063,000.00 | -16,770,000.00 | 20,151,000.00 |
| Adjustments For Unrealised Foreign Exchange Losses Gains | N/A | -6,552,000.00 | 7,598,000.00 | 1,066,000.00 |
| Adjustments For Fair Value Gains Losses | N/A | -1,638,000.00 | -220,462,000.00 | -16,267,000.00 |
| Adjustments For Undistributed Profits Of Associates | N/A | 19,498,000.00 | -4,106,000.00 | -1,647,000.00 |
| Adjustments For Losses Gains On Disposal Of Noncurrent Assets | N/A | -17,695,000.00 | 0.00 | 4,000,000.00 |
| Other Adjustments To Reconcile Profit Loss | N/A | 3,118,000.00 | -1,598,000.00 | 7,762,000.00 |
| Cash Flows From Used In Operations | N/A | -36,204,000.00 | 30,718,000.00 | 55,670,000.00 |
| Interest Paid Classified As Operating Activities | N/A | 3,997,000.00 | 12,917,000.00 | 27,707,000.00 |
| Interest Received Classified As Operating Activities | N/A | 27,308,000.00 | 12,944,000.00 | 6,799,000.00 |
| Income Taxes Paid Refund Classified As Operating Activities | N/A | 0.00 | 6,655,000.00 | 22,229,000.00 |
| Cash Flows From Used In Operating Activities | N/A | -12,893,000.00 | 30,745,000.00 | 34,763,000.00 |
| Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | 33,656,000.00 | 741,546,000.00 | 284,976,000.00 |
| Other Cash Receipts From Sales Of Equity Or Debt Instruments Of Other Entities Classified As Investing Activities | N/A | 145,731,000.00 | 0.00 | 372,069,000.00 |
| Other Cash Payments To Acquire Equity Or Debt Instruments Of Other Entities Classified As Investing Activities | N/A | 25,488,000.00 | 0.00 | 30,741,000.00 |
| Proceeds From Other Longterm Assets Classified As Investing Activities | N/A | 0.00 | 358,961,000.00 | 263,817,000.00 |
| Cash Advances And Loans Made To Other Parties Classified As Investing Activities | N/A | 5,500,000.00 | 57,700,000.00 | 2,400,000.00 |
| Cash Receipts From Repayment Of Advances And Loans Made To Other Parties Classified As Investing Activities | N/A | N/A | 0.00 | 21,291,000.00 |
| Dividends Received Classified As Investing Activities | N/A | 7,624,000.00 | 8,460,000.00 | 11,532,000.00 |
| Interest Paid Classified As Investing Activities | N/A | N/A | 0.00 | 12,000,000.00 |
| Other Inflows Outflows Of Cash Classified As Investing Activities | N/A | 159,670,000.00 | 0.00 | N/A |
| Cash Flows From Used In Investing Activities | N/A | -132,004,000.00 | -450,541,000.00 | -21,812,000.00 |
| Payments To Acquire Or Redeem Entitys Shares | N/A | 101,069,000.00 | -115,500,000.00 | -51,080,000.00 |
| Proceeds From Borrowings Classified As Financing Activities | N/A | 0.00 | 295,458,000.00 | 349,546,000.00 |
| Repayments Of Borrowings Classified As Financing Activities | N/A | 587,000.00 | 178,128,000.00 | 194,873,000.00 |
| Dividends Paid Classified As Financing Activities | N/A | 1,200,015,000.00 | 44,802,000.00 | 35,251,000.00 |
| Other Inflows Outflows Of Cash Classified As Financing Activities | N/A | 0.00 | 115,500,000.00 | N/A |
| Cash Flows From Used In Financing Activities | N/A | -1,329,656,000.00 | 152,922,000.00 | 133,151,000.00 |
| Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | N/A | -1,474,554,000.00 | -266,875,000.00 | 146,101,000.00 |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | N/A | 0.00 | -1,000.00 | -259,000.00 |
| Cash and cash equivalents | 1,860,814,000.00 | 386,260,000.00 | 119,383,000.00 | 265,226,000.00 |
Please note that some sums might not add up.
NO0010735681
LEI5967007LIEEXZXJ3BC22
SectorReal Estate Management & Development
IndustryReal Estate Management & Development
Sub-IndustryKeep yourself informed with the most recent updates on FinancialReports, IPOs, product advancements, and other significant news.