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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 March 2021    
Maturity date  Amount, SEK m Percentage, %   Average interest rate, %
2021 5,197 25  1.0
2022  1,136  6 1.6
2023 511  3 1.2
2024 1,450 7 1.6
2025 2,000 10 1.5
2026 and thereafter 10,143 50 1.9
Total 20,438 100  1.6
Capital commitment as of 30 June 2020  
Maturity date Amount, SEK m Per centage, %
2021 1,138 6
2022 3,984 19
2023 3,266 16
2024 2,107 10
2024 3,850 19
2025 and thereafter 6,093 30
Total 20,438 100