Note 2 Operating Segments

Castellum owns properties above all in Sweden, but in Denmark and Finland as well. The Group’s operating segments consist of the following geographical areas: Central (Örebro, Vasterås, Linköping, Norrköping, Jönköping and Växjö), West (Greater Gothenburg incl. Borås and Halmstad), Stockholm–North (Stockholm, Uppsala and Gävle), Öresund (Malmö, Lund, Helsingborg and Copenhagen) and Finland. The operating segments are identified by geographical field of activity, which is according to how they are followed up and analysed by the highest operational decision-maker in the Group. The Group manages only commercial properties.

 

 

Central

 

West

 

Stockholm–North

 

Öresund

 

Finland

 

Unallocated items

 

Total segments

Operating segments

 

2020

 

2019

 

2020

 

2019

 

2020

 

2019

 

2020

 

2019

 

2020

 

2019

 

2020

 

2019

 

2020

 

2019

Rental income, external

 

1,491

 

1,406

 

1,277

 

1,222

 

1,492

 

1,512

 

1,123

 

1,069

 

55

 

56

 

0

 

 

5,438

 

5,265

Service income, external

 

104

 

98

 

88

 

106

 

119

 

139

 

139

 

107

 

4

 

2

 

0

 

 

454

 

452

Co-working income, external

 

0

 

 

0

 

 

0

 

 

0

 

 

0

 

 

112

 

104

 

112

 

104

Income

 

1,595

 

1,504

 

1,365

 

1,328

 

1,611

 

1,651

 

1,262

 

1,176

 

59

 

58

 

112

 

104

 

6,004

 

5,821

Property costs

 

–451

 

–465

 

–349

 

–371

 

–364

 

–412

 

–334

 

–336

 

–25

 

–18

 

–26

 

–7

 

–1,549

 

–1,609

Co-working costs

 

0

 

 

0

 

 

0

 

 

0

 

 

0

 

 

–120

 

–99

 

–120

 

–99

Central administration expenses

 

–7

 

–6

 

–8

 

–7

 

–10

 

–8

 

–9

 

–9

 

–4

 

0

 

–111

 

–133

 

–149

 

–163

Interest income

 

13

 

14

 

12

 

9

 

10

 

22

 

23

 

17

 

0

 

0

 

–52

 

–62

 

6

 

0

Leases/site leasehold fees

 

–2

 

–2

 

–6

 

–6

 

–7

 

–7

 

–3

 

–3

 

0

 

 

–2

 

–4

 

–20

 

–22

Interest costs

 

–235

 

–230

 

–224

 

–204

 

–215

 

–238

 

–192

 

–180

 

–22

 

–18

 

96

 

88

 

–792

 

–782

Income from prop. mgmt

 

913

 

815

 

790

 

749

 

1,025

 

1,008

 

747

 

665

 

8

 

22

 

–103

 

–113

 

3,380

 

3,146

Impairment, goodwill/Trans. costs

 

0

 

 

0

 

 

0

 

 

0

 

 

0

 

 

–95

 

–188

 

–95

 

–188

Change in values on properties

 

705

 

1,295

 

948

 

743

 

1,247

 

1,237

 

734

 

624

 

229

 

19

 

0

 

 

3,863

 

3,918

Change in values on derivatives

 

0

 

 

0

 

 

0

 

 

0

 

 

0

 

 

–120

 

–111

 

–120

 

–111

Income before tax

 

1,618

 

2,110

 

1,738

 

1,492

 

2,272

 

2,245

 

1,481

 

1,289

 

237

 

41

 

–318

 

–412

 

7,028

 

6,765

Investment properties

 

24,316

 

22,908

 

23,160

 

22,411

 

32,452

 

30,364

 

20,402

 

18,626

 

2,712

 

859

 

0

 

 

103,042

 

95,168

of which investments this year

 

703

 

2,401

 

571

 

1,755

 

962

 

933

 

1,265

 

1,022

 

1,657

 

1

 

0

 

 

5,158

 

6,112

Of the Group’s external rental income and investment properties, MSEK 476 (474) refers to rental income from tenants in Denmark and MSEK 9,091 (7,247) refers to investment properties located in Denmark and Finland.