Helsinki, Finland, 2016-03-11 12:30 CET (GLOBE NEWSWIRE) -- Norvestia Oyj Stock exchange release 11 March 2016 at 13:30
NORVESTIA’S AMENDED NET ASSET VALUE DECREASED BY 1.2% IN FEBRUARY
| Return on Amended NAV, 1 month* | -1.2% | ||||||
| Return on Amended NAV, since year-end* | -2.2% | ||||||
| Return on Amended NAV, 12 months* | 7.1% | (dividend-adjusted) | |||||
| Return on NAV, 1 month | -1.3% | ||||||
| Return on NAV, since year-end | -2.4% | ||||||
| Return on NAV, 12 months | -0.4% | (dividend-adjusted) | |||||
| 29/2/2016 | 31/1/2016 | 31/12/2015 | |||||
| Net Asset Value/share, EUR | 9.95 | 10.08 | 10.19 | ||||
| Amended Net Asset Value/share, EUR* | 10.85 | 10.98 | 11.09 | ||||
| Share price, EUR | 8.45 | 7.83 | 7.99 | ||||
| ASSETS | EUR million | EUR million | EUR million | ||||
| NON-CURRENT ASSETS | |||||||
| Interests in associates | 11.2 | 11.2 | 11.2 | ||||
| Loan receivables from associates | 1.7 | 1.7 | 1.7 | ||||
| Other investments | 7.4 | 7.4 | 7.4 | ||||
| Deferred tax assets | 3.2 | 3.4 | 3.7 | ||||
| CURRENT ASSETS | |||||||
| Shares held for trading | 70.0 | 72.1 | 74.8 | ||||
| Other financial assets at fair | |||||||
| value | 44.9 | 48.3 | 50.0 | ||||
| Cash and receivables | 20.5 | 18.1 | 15.9 | ||||
| ASSETS IN TOTAL | 158.9 | 162.2 | 164.7 | ||||
| Current liabilities | -1.0 | -1.8 | -1.9 | ||||
| Deferred tax liabilities | -5.4 | -6.1 | -6.8 | ||||
| NET ASSET VALUE | 152.5 | 154.3 | 156.0 | ||||
| AMENDED NET ASSET VALUE* | 166.3 | 168.2 | 169.9 | ||||
Number of shares 15,316,560
* External valuations made to confirm the fair values of growth equity investments resulted in an increase in the value of the associates. According to IFRS, appreciations of investments in associates cannot be booked because the associates are accounted for in Norvestia's consolidated financial statements using the equity method.
ACCOUNTING PRINCIPLES
Shares held for trading mainly consist of listed shares and derivative contracts that are measured at fair value by the last trade price on active markets on the balance sheet date. Other financial assets at fair value consist mainly of funds whose fair value is determined as the funds’ Net Asset Value on the balance sheet date. The group also includes bonds, the fair value of which is measured at the last trade price on the balance sheet date.
Other investments include unlisted shares and private equity fund investments, which are measured at fair value. If the investments have no active market then the fair value is determined using various valuation methods that are usually based on forecasted cash flows. The fair values of private equity fund investments are based on the latest fund values announced by the private equity fund management companies.
Norvestia Oyj
Juha Kasanen
Managing Director
Tel. +358-9-6226 380
DISTRIBUTION
Nasdaq Helsinki
Main media
www.norvestia.fi