Income statements per quarter - Group

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GROUP, SEK m Q4 2020 Q3 2020 Q2 2020 Q1 2020 Q4 2019
Net revenue1)
Property management 453.9 428.0 403.8 482.8 488.8
Other operations 19.6 17.2 15.7 19.2 23.3
473.5 445.2 419.5 501.4 512.1
Property management expenses
Maintenance -7.6 -6.8 -6.2 -6.4 -8.6
Operation and administration -87.7 -65.9 -70.2 -74.3 -82.8
Ground rents
Property tax -49.8 -50.2 -50.1 -50.2 -50.2
Depreciation rights of use -1.4 -1.2 -1.3 -1.2 -3.1
Property management expenses -146.5 -124.1 -127.8 -132.1 -144.7
Other operations, expenses -28.2 -14.8 -13.2 -13.0 -13.3
Operating expenses -174.7 -138.9 -141.0 -145.1 -158.0
Gross profit 298.8 306.3 278.5 356.3 354.1
– of which Property management 307.4 303.9 276.0 350.1 344.1
– of which Other operations -8.6 2.4 2.5 6.2 10.0
Central administration -12.9 -11.1 -11.9 -11.5 -15.6
Operating profit before items affecting comparability and changes in value 285.9 295.2 266.6 344.8 338.5
Items affecting comparability2) 1.2 34.7
Changes in value, investment properties -859.7 -155-5 -985.3 -929.4 1,027.0
Changes in value, interest derivatives
Operating profit or loss -572.6 139.7 684.0 -584.6 1,365.5
Financial income and expense2) -32.8 -32.9 -34.0 -32.0 -29.9
Profit or loss before tax -605.4 106.8 -718.0 -616.6 1,335.6
Tax 146.5 -28.1 135.0 118.1 -233.9
Net profit or loss -458.9 78.7 -583.0 -498.5 1,101.7
Other comprehensive income
Total comprehensive income or loss for the period -458.9 78.7 -583.0 -498.5 1,101.7
1) Service revenue totalled SEK 82.5 million, equivalent to 4 per cent of the total net revenue for the period Jan-Dec 2020. The figure for Jan-Dec 2019 was SEK 86.8 million, equivalent to 4 per cent.
2) Refers to insurance compensation of SEK 35.9 million for rent losses and emergency response costs after the 2017 fire at the Vildmannen 7 property.