Income statements per quarter - Group

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GROUP, SEK m Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020
Net revenue1)
Property management, gross 459.0 453.9 428.0 403.8 482.8
Rent revenue, intra-Group -33.7 -11.0 -10.9 -11.0 -11.0
Property management, net 425.3 442.9 417.1 392.8 471.2
Other segments 92.3 19.6 17.2 15.7 19.2
517.6 462.5 434.3 408.5 490.4
Property management expenses
Maintenance -5.7 -7.6 -6.8 -6.2 -6.4
Operation and administration -83.4 -87.7 -65.9 -70.2 -74.3
Ground rents
Property tax -50.9 -49.8 -50.2 -50.1 -50.2
Depreciation rights of use -1.5 -1.4 -1.2 -1.3 -1.2
Property management expenses -141.5 -146.5 -124.1 -127.8 -132.1
Other segments, gross expenses -110.1 -28.2 -14.8 -13.2 -13.0
Rental expenses, intra-Group 33.7 11.0 10.9 11.0 11.0
Other segments, net expenses -76.4 -17.2 -3.9 -2.2 -2.0
Operating expenses -217.9 -163.7 -128.0 -130.0 134.1
Gross profit 299.7 298.8 306.3 278.5 356.3
– of which Property management 283.8 296.4 293.0 265.0 339.1
– of which Other segments 15.9 2.4 13.3 13.5 17.2
Central administration -12.2 -12.9 -11.1 -11.9 -11.5
Operating profit before items affecting comparability and changes in value 287.5 285.9 295.2 266.6 344.8
Items affecting comparability2) 1.2 34.7
Changes in value, investment properties -235.6 -859.7 -155-5 -985.3 -929.4
Changes in value, interest derivatives
Operating profit or loss 51.9 -572.6 139.7 684.0 -584.6
Financial income and expense -33.6 -32.8 -32.9 -34.0 -32.0
Profit or loss before tax 18.3 -605.4 106.8 -718.0 -616.6
Tax -4.6 146.5 -28.1 135.0 118.1
Net profit or loss 13.7 -458.9 78.7 -583.0 -498.5
Other comprehensive income
Total comprehensive income or loss for the period 13.7 -458.9 78.7 -583.0 -498.5
1) Service revenue totalled SEK 18.7 million, equivalent to 4 per cent of the total net revenue for the period Jan-Mar 2021. The figure for Jan-Mar 2020 was SEK 23.7 million, equivalent to 5 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.