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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    
  31-12-2020 31-12-2019
Interest-bearing liabilities, SEK m 18,905 20,211
Gearing ratio, % 39.9 41.7
Average fixed interest term, yrs. 5.0 5.4
Average capital commitment term, yrs. 4.7 4.3
Average interest rate for interest-bearing liabilities, % 1.7 1.7
Equity/assets ratio, % 45.7 45.8
Financial policy, 2018    
   Goal/Mandate Results, 31-12-2020
Gearing ratio, individual properties  max 70% 65% 
Gearing ratio, the Group   max 50% 40% 
Percentage of interest falling due within 12 months  0-50% 22% 
Percentage of loans falling due within 12 months  10-30% 0% 
Currency risk, financing Not permitted None
Bank deposits SEK 0-200 million SEK 279 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% 8% 
Fixed interest as of 31 December 2020     
Maturity date  Amount, SEK m Percentage, %   Average interest rate, %
2021 4,108 22  0.8
2022  400  2 1.5
2023 736  4 1.5
2024 1,477 8 1.6
2025 1,450  8 1.5
2026 and thereafter 10,733 57 1.9
Total 18,905 100  1.6
Capital commitment as of 30 June 2020  
Maturity date Amount, SEK m Per centage, %
2021 - -
2022 5,395 29
2023 2,205 12
2024 2,327 12
2024 2,289 12
2025 and thereafter 6,688 35
Total 18,905 100