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Financing

Atrium Ljungberg covers its financing needs through five Nordic banks and the capital market. Financing by banks is the primary source of finance.

Financing activities are governed by the company's financial policy, which is reviewed and approved by the Board of Directors at least on an annual basis. See below.

Financial key ratios    
  31-12-219 31-12-2018
Interest-bearing liabilities, SEK m 20,211 18,506
Gearing ratio, % 41.7 41.9
Average fixed interest term, yrs. 5.4 4.0
Average capital commitment term, yrs. 4.3 4.6
Average interest rate for interest-bearing liabilities, % 1.6 1.6
Equity/assets ratio, % 45.8 45.9
Financial policy, 2018    
   Goal/Mandate Results, 31-12-2018
Gearing ratio, individual properties  max 70% 69% 
Gearing ratio, the Group   max 75% 42% 
Percentage of interest falling due within 12 months  0-50% 37% 
Percentage of loans falling due within 12 months  10-30% 0% 
Currency risk, financing Not permitted None
Bank deposits SEK 0-200 million SEK 335 million
Unutilised overdraft facility SEK 300-500 million SEK 300 million
Number of financing providers 3-7
Loan volume with a single provider max 50% 15% 
Fixed interest as of 31 December 2019     
Maturity date  Amount, SEK m Percentage, %   Average interest rate, %
2020 5,046 25  1.0 
2021  800  4 0.7
2022 400  2 1.6 
2023 736  4 1.5 
2024  1,529  1.6 
2025 and thereafter 11,682 58  2.0 
Total 20,211 100  1.6 
Capital commitment as of 30 September 2019  
Maturity date Amount, SEK m Per centage, %
2020 - -
2021 4,417 22
2022 5,717 28
2023 1,809 9
2024 2,379 12
2025 and thereafter 5,890 29
Total 20,211 100