AVARDA BANK AB financials
AVARDA BANK AB
Country: SE Reporting currency: SEK Latest annual report: 2023-12-31
LEI:
529900BGZZZTLLBR1X49 ISIN: SE0025666969 Financial statements
(SEK, as reported — unscaled; 86 line items across 2 annual periods)
| Line item | 2023 | 2022 |
|---|---|---|
| Income statement | ||
| Operating expenses | SEK 831.7M | SEK 609.0M |
| Depreciation & amortisation | SEK 60.5M | SEK 37.4M |
| Profit before tax | SEK 509.6M | SEK 435.7M |
| Income tax expense | SEK 112.9M | SEK 93.3M |
| Profit for the year | SEK 396.7M | SEK 342.5M |
| — attributable to owners | SEK 376.9M | SEK 328.1M |
| Total comprehensive income | SEK 395.6M | SEK 342.2M |
| Per share | ||
| Basic EPS | SEK 17.53 | SEK 15.26 |
| Free cash flow / share | SEK 94.88 | SEK 47.10 |
| Cash flow statement | ||
| Net cash from operating activities | SEK 2.20B | SEK 1.06B |
| Income taxes paid | SEK 53.9M | SEK 93.3M |
| Net cash from investing activities | -SEK 107.8M | -SEK 56.5M |
| Purchase of PP&E (capex) | SEK 54.1M | SEK 3.2M |
| Purchase of intangibles | SEK 37.4M | SEK 45.0M |
| Dividends paid | SEK 0 | -SEK 21.5M |
| Net change in cash | SEK 2.27B | SEK 967.4M |
| Balance sheet | ||
| Total assets | SEK 23.95B | SEK 18.38B |
| Property, plant & equipment | SEK 52.1M | SEK 28.2M |
| Intangible assets & goodwill | SEK 12.8M | SEK 12.8M |
| Cash & equivalents | SEK 5.74B | SEK 3.53B |
| Total equity | SEK 2.16B | SEK 1.74B |
| — attributable to owners | SEK 1.91B | SEK 1.54B |
| Deferred tax liabilities | SEK 0 | SEK 15.0K |
| Derived metrics | ||
| Free cash flow | SEK 2.15B | SEK 1.06B |
| Return on equity | 18.4% | 19.7% |
| Cash conversion ratio | 5.55× | 3.10× |
| Capex coverage | 40.68× | 328.15× |
| Other reported items | ||
| Accruals | SEK 256.0M | SEK 145.5M |
| Adjustments For Decrease Increase In Loans and Advances To Customers | -SEK 3.22B | -SEK 3.78B |
| Adjustments For Decrease Increase In Other Assets | -SEK 45.0M | -SEK 197.1M |
| Adjustments For Depreciation and Amortisation Expense | SEK 60.5M | SEK 37.4M |
| Adjustments For Increase Decrease In Deposits From Customers | SEK 311.1M | SEK 50.9M |
| Cash and Bank Balances At Central Banks | SEK 18.9M | SEK 57.7M |
| Cash Flows From Used In Operations Before Changes In Working Capital | SEK 606.6M | SEK 385.2M |
| Comprehensive Income Attributable To Owners of Parent | SEK 375.8M | SEK 327.9M |
| Current Tax Liabilities Current | SEK 97.3M | SEK 36.8M |
| Deferred Tax Assets | SEK 54.3M | SEK 2.9M |
| Deposits From Customers | SEK 20.65B | SEK 16.11B |
| Diluted Earnings Loss Per Share From Continuing Operations | SEK 17.53 | SEK 15.26 |
| Dividends Recognised As Distributions To Owners Per Share | SEK 100.00 | — |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | SEK 55.4M | SEK 193.7M |
| Equity and Liabilities | SEK 23.95B | SEK 18.38B |
| Equity Instruments Held | SEK 144.0K | SEK 154.0K |
| Fee and Commission Expense | SEK 103.3M | SEK 54.9M |
| Fee and Commission Income | SEK 280.2M | SEK 204.3M |
| Fee and Commission Income Expense | SEK 176.9M | SEK 149.5M |
| Gains Losses On Exchange Differences On Translation Before Tax | -SEK 1.4M | -SEK 338.0K |
| General and Administrative Expense | SEK 706.8M | SEK 504.0M |
| Government Debt Instruments Held | SEK 3.64B | SEK 1.84B |
| Impairment Loss Impairment Gain and Reversal of Impairment Loss Determined In Accordance With IFRS9 | SEK 656.9M | SEK 367.6M |
| Income Tax Relating To Exchange Differences On Translation of Other Comprehensive Income | -SEK 260.0K | -SEK 100.0K |
| Increase Decrease Through Transactions With Owners | SEK 27.6M | -SEK 36.4M |
| Increase Decrease Through Transfers and Other Changes Equity | -SEK 3.1M | -SEK 622.0K |
| Intangible Assets Other Than Goodwill | SEK 93.1M | SEK 86.8M |
| Interest Expense | SEK 547.6M | SEK 210.8M |
| Interest Income On Other Financial Assets | SEK 44.6M | SEK 38.4M |
| Interest Paid Classified As Financing Activities | -SEK 19.8M | -SEK 14.4M |
| Interest Paid Classified As Operating Activities | SEK 460.2M | SEK 209.1M |
| Interest Received Classified As Operating Activities | SEK 2.21B | SEK 1.28B |
| Interest Revenue Calculated Using Effective Interest Method | SEK 2.32B | SEK 1.43B |
| Interest Revenue Expense | SEK 1.82B | SEK 1.26B |
| Issue of Equity | -SEK 100.0M | — |
| Issued Capital | SEK 107.5M | SEK 107.5M |
| Liabilities | SEK 21.79B | SEK 16.64B |
| Loans and Advances To Banks | SEK 2.09B | SEK 1.63B |
| Loans and Advances To Customers | SEK 17.87B | SEK 14.65B |
| Other Adjustments For Noncash Items | SEK 315.0K | SEK 281.0K |
| Other Assets | SEK 1.8M | SEK 0 |
| Other Comprehensive Income | -SEK 1.1M | -SEK 239.0K |
| Other Comprehensive Income Net of Tax Exchange Differences On Translation | -SEK 1.1M | -SEK 238.0K |
| Other Expense By Function | SEK 64.4M | SEK 67.6M |
| Other Liabilities | SEK 421.5M | SEK 148.8M |
| Other Tax Effects For Reconciliation Between Accounting Profit and Tax Expense Income | -SEK 618.0K | SEK 0 |
| Payments of Other Equity Instruments | -SEK 100.0M | SEK 0 |
| Prepayments and Accrued Income Other Than Contract Assets | SEK 57.8M | SEK 35.3M |
| Proceeds From Issue of Subordinated Liabilities | — | -SEK 128.0K |
| Proceeds From Issuing Other Equity Instruments | -SEK 150.0M | SEK 494.0K |
| Purchase of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | SEK 14.9M | SEK 8.1M |
| Reserve of Exchange Differences On Translation | SEK 2.0M | SEK 3.1M |
| Reserve of Gains and Losses On Hedging Instruments That Hedge Investments In Equity Instruments | SEK 107.5M | SEK 107.5M |
| Restructuring Provision | SEK 11.2M | SEK 0 |
| Retained Earnings | SEK 1.80B | SEK 1.43B |
| Revenue and Operating Income | SEK 2.00B | SEK 1.41B |
| Revenue From Interest | SEK 2.37B | SEK 1.47B |
| Share Issue Related Cost | SEK 3.1M | SEK 0 |
| Subordinated Liabilities | SEK 346.9M | SEK 198.7M |
Methodology
Every line item above is a fact tagged in AVARDA BANK AB's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (SEK), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.