Return on equity: Net profit for the year according to the income statement excluding minority share as a percentage of average shareholders’ equity.
Return on total capital: Profit after financial items including result from participations in associated companies plus financial expense as a percentage
of average total assets.
Share of risk-bearing capital: The total of shareholders’ equity and deferred tax liabilities as a percentage of total assets.
Total return: Share-price performance during the year plus dividend paid divided by share price at the beginning of the year.
Sector related terms
Aggregates: Rock materials resulting from the disintegration of rock through
crushing; also called macadam.
Ballast: Normal term for gravel, disintegrated materials, mainly rock materials, used for construction and civil engineering purposes.
Buildings/other buildings: In descriptions of operations, this term pertains to commercial buildings, mainly offices, retail outlets, shopping malls and garages.
Development right: The right to develop a site. With respect to housing, a development right corresponds to a home (apartment or detached house) with an average of approximately 90 square meters of floor space. Ownership, or an option on ownership, of the site concerned is a prerequisite for being granted access to a development right.
Contract forms: Negotiated contract/mutual-trust contract: When NCC cooperates on an exclusive basis with the customer throughout the construction process – from planning to final inspection.
General contract/implementation contract: When NCC conducts construction work on behalf of a client who has conducted the building design. NCC appoints and is responsible for the subcontractors.
Turnkey contract/design and build contract: When NCC has turnkey responsibility for a project, from the concept and building design stage right through to completion.
Construction costs: The cost of constructing a building, including building
accessories, utility-connection fees, other contractor-related costs and VAT.
Construction costs do not include the cost of land.
LNG: Liquefied Natural Gas.
Leasing rate: The percentage of anticipated rental revenues that corresponds to signed leases (also called leasing rate based on revenues).
Macadam: Rock materials resulting from the disintegration of rock through crushing; also called aggregates.
NCC EcoConcept: Customer offering based on a calculation of the lifecycle costs of projects.
NCC Partnering: A cooperation format applied in the construction and civil engineering industry, whereby the client, consultants and contractor establish open and trusting cooperation at an early stage of the process based on shared goals, joint activities and joint financial targets in order to optimize the project. Properties: In descriptions of operations, “properties” refers to buildings, housing or land.
Proprietary project: When NCC, for its own development purposes, acquires land, designs a project, conducts construction work and then sells the project. Pertains to both housing projects and commercial property projects. Required yield: The property yield required by NCC Property Development’s investors for their investment, which is to be achieved through rental guarantees. Total-package project: When NCC is responsible for the entire chain of services, from concept to project sale.