Selvaag Bolig ASA
ISIN: NO0010612450 | Ticker: SBO | LEI: 5967007LIEEXZXIHPK59
Country: Norway
Selvaag Bolig is a housing development company which controls the entire value chain from acquisition of land to sale of homes. The company offers a broad variety of property types and has several thousand homes under development at any given time. The company focuses on the growth areas in and around Greater Oslo, Bergen, Stavanger, Trondheim and Stockholm. Selvaag Bolig is an industry leader in terms of profit margin, and aims to pay minimum 60 per cent of its annual net profit as dividend.
Selvaag Bolig represents a continuation of the 70 years of history and experience accumulated in the Selvaag group, which has built nearly 60 000 homes since 1948. In 2008 Selvaag Bolig was established as a pure housing developer which puts all its construction contracts out to tender. This gives it a great competitive advantage, not least through lower building costs, reduced market risk and more flexible organisation.
2008
Served areaNorway
HeadquartersPostboks 13 Øvre Ullern, 0311 Oslo – Norway
| Line item in (nok) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Assets | N/A | 5,970,802,000.00 | 5,781,958,000.00 | 5,949,559,000.00 |
| Noncurrent Assets | N/A | 1,025,674,000.00 | 1,047,747,000.00 | 971,552,000.00 |
| Property Plant And Equipment | N/A | 7,332,000.00 | 7,380,000.00 | 8,152,000.00 |
| Goodwill | N/A | 383,376,000.00 | 383,376,000.00 | 383,376,000.00 |
| Investments In Subsidiaries Joint Ventures And Associates | N/A | 406,850,000.00 | 354,699,000.00 | 234,730,000.00 |
| Noncurrent Receivables Due From Related Parties | N/A | 73,539,000.00 | 75,777,000.00 | 93,674,000.00 |
| Other Noncurrent Assets | N/A | 119,601,000.00 | 200,782,000.00 | 233,866,000.00 |
| Current Assets | N/A | 4,945,128,000.00 | 4,734,211,000.00 | 4,978,007,000.00 |
| Inventories | N/A | 3,940,793,000.00 | 4,072,466,000.00 | 4,273,209,000.00 |
| Other Current Receivables | N/A | 48,536,000.00 | 50,479,000.00 | 10,673,000.00 |
| Cash and cash equivalents | 1,178,686,000.00 | 885,333,000.00 | 527,435,000.00 | 612,670,000.00 |
| Equity And Liabilities | N/A | 5,970,802,000.00 | 5,781,958,000.00 | 5,949,559,000.00 |
| Equity | 3,382,084,000.00 | 2,437,815,000.00 | 2,468,841,000.00 | 2,345,883,000.00 |
| Equity Attributable To Owners Of Parent | N/A | 2,430,023,000.00 | 2,461,053,000.00 | 2,338,088,000.00 |
| Noncontrolling Interests | N/A | 7,792,000.00 | 7,788,000.00 | 7,795,000.00 |
| Liabilities | N/A | 3,532,987,000.00 | 3,313,117,000.00 | 3,603,676,000.00 |
| Noncurrent Liabilities | N/A | 1,236,750,000.00 | 1,118,195,000.00 | 1,804,550,000.00 |
| Noncurrent Provisions For Employee Benefits | N/A | 1,030,000.00 | 1,254,000.00 | 1,090,000.00 |
| Deferred Tax Liabilities | N/A | 30,506,000.00 | 38,579,000.00 | 60,140,000.00 |
| Other Noncurrent Liabilities | N/A | 17,810,000.00 | 219,622,000.00 | 265,039,000.00 |
| Current Liabilities | N/A | 2,296,237,000.00 | 2,194,922,000.00 | 1,799,126,000.00 |
| Current Tax Liabilities Current | N/A | 130,994,000.00 | 133,902,000.00 | 64,541,000.00 |
| Other Current Liabilities | N/A | 651,089,000.00 | 552,443,000.00 | 541,943,000.00 |
| Line item in (nok) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|
| Revenue | 2,697,950,000.00 | 3,402,746,000.00 | 2,896,379,000.00 |
| Revenue From Construction Contracts | 2,643,756,000.00 | 3,341,513,000.00 | 2,830,818,000.00 |
| Other Revenue | 54,194,000.00 | 61,233,000.00 | 65,561,000.00 |
| Raw Materials And Consumables Used | 1,967,586,000.00 | 2,617,422,000.00 | 2,313,735,000.00 |
| Employee Benefits Expense | 149,849,000.00 | 136,160,000.00 | 139,035,000.00 |
| Depreciation And Amortisation Expense | 9,803,000.00 | 10,272,000.00 | 9,717,000.00 |
| Other Expense By Nature | 106,995,000.00 | 100,264,000.00 | 97,233,000.00 |
| Other Gains Losses | 1,045,127,000.00 | 0.00 | 0.00 |
| Profit Loss From Operating Activities | 1,643,805,000.00 | 648,325,000.00 | 422,385,000.00 |
| Finance Income | 21,313,000.00 | 10,691,000.00 | 15,384,000.00 |
| Finance Costs | 11,648,000.00 | 13,685,000.00 | 12,654,000.00 |
| Share Of Profit Loss Of Associates And Joint Ventures Accounted For Using Equity Method | 134,961,000.00 | 109,697,000.00 | 85,726,000.00 |
| Profit Loss Before Tax | 1,653,470,000.00 | 645,331,000.00 | 425,115,000.00 |
| Income Tax Expense Continuing Operations | 129,898,000.00 | 140,426,000.00 | 86,262,000.00 |
| Profit (loss) | 1,523,572,000.00 | 504,905,000.00 | 338,853,000.00 |
| Profit Loss Attributable To Owners Of Parent | 1,523,646,000.00 | 504,909,000.00 | 338,846,000.00 |
| Profit Loss Attributable To Noncontrolling Interests | -74,000.00 | -4,000.00 | 7,000.00 |
| Line item in (nok) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Profit (loss) | N/A | 1,523,572,000.00 | 504,905,000.00 | 338,853,000.00 |
| Adjustments For Decrease Increase In Inventories | N/A | -244,735,000.00 | 114,544,000.00 | -141,536,000.00 |
| Adjustments For Decrease Increase In Other Operating Receivables | N/A | -19,382,000.00 | -23,015,000.00 | 33,943,000.00 |
| Adjustments For Increase Decrease In Trade Account Payable | N/A | -30,138,000.00 | -7,240,000.00 | -30,643,000.00 |
| Adjustments For Increase Decrease In Other Operating Payables | N/A | -58,807,000.00 | -97,517,000.00 | -15,810,000.00 |
| Adjustments For Depreciation And Amortisation Expense | N/A | 9,803,000.00 | 10,272,000.00 | 9,717,000.00 |
| Adjustments For Losses Gains On Disposal Of Noncurrent Assets | N/A | -1,045,127,000.00 | 0.00 | N/A |
| Income Taxes Paid Refund Classified As Operating Activities | N/A | -207,419,000.00 | -126,725,000.00 | -133,995,000.00 |
| Cash Flows From Used In Operating Activities | N/A | 1,615,689,000.00 | 392,588,000.00 | 63,441,000.00 |
| Cash Flows From Losing Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | 0.00 | 8,046,000.00 | N/A |
| Other Cash Receipts From Sales Of Interests In Joint Ventures Classified As Investing Activities | N/A | 0.00 | 8,046,000.00 | 0.00 |
| Other Cash Payments To Acquire Interests In Joint Ventures Classified As Investing Activities | N/A | 10,065,000.00 | 0.00 | 5,000,000.00 |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | N/A | 0.00 | 0.00 | 163,000.00 |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | N/A | 2,278,000.00 | 1,097,000.00 | 2,344,000.00 |
| Proceeds From Other Longterm Assets Classified As Investing Activities | N/A | 312,033,000.00 | 45,875,000.00 | 78,000,000.00 |
| Purchase Of Other Longterm Assets Classified As Investing Activities | N/A | 55,250,000.00 | 39,745,000.00 | 58,997,000.00 |
| Dividends Received Classified As Investing Activities | N/A | 169,406,000.00 | 154,050,000.00 | 228,000,000.00 |
| Cash Flows From Used In Investing Activities | N/A | 413,846,000.00 | 167,129,000.00 | 239,822,000.00 |
| Payments To Acquire Or Redeem Entitys Shares | N/A | 16,059,000.00 | 26,270,000.00 | 19,947,000.00 |
| Proceeds From Borrowings Classified As Financing Activities | N/A | 2,720,291,000.00 | 2,311,996,000.00 | 2,251,525,000.00 |
| Repayments Of Borrowings Classified As Financing Activities | N/A | 2,558,587,000.00 | 2,743,972,000.00 | 1,992,040,000.00 |
| Payments Of Lease Liabilities Classified As Financing Activities | N/A | 7,943,000.00 | 8,524,000.00 | 8,108,000.00 |
| Dividends Paid Classified As Financing Activities | N/A | 2,475,244,000.00 | 467,493,000.00 | 466,269,000.00 |
| Cash Flows From Used In Financing Activities | N/A | -2,322,888,000.00 | -917,616,000.00 | -218,028,000.00 |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | N/A | -293,353,000.00 | -357,898,000.00 | 85,235,000.00 |
| Cash and cash equivalents | 1,178,686,000.00 | 885,333,000.00 | 527,435,000.00 | 612,670,000.00 |
Please note that some sums might not add up.
NO0010612450
LEI5967007LIEEXZXIHPK59
SectorReal Estate Management & Development
IndustryReal Estate Management & Development
Sub-IndustryDiversified Real Estate Activities
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