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    
  31-12-2018 31-12-2017
Interest-bearing liabilities, SEK m 18,506 17,247
Gearing ratio, % 41.9 44.7
Average fixed interest term, yrs. 4.0 4.4
Average capital commitment term, yrs. 4.6 3.5
Average interest rate for interest-bearing liabilities, % 1.6 1.7
Equity/assets ratio, % 45.9 42.6
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 30 September 2019     
Maturity date  Amount, SEK m Percentage, %   Average interest rate, %
2019 2,722 14  1.7 
2020  1,806  9 0.7
2021 800  4 1.1 
2022 400  2 1.6 
2023  736  1.5 
2024 and thereafter 13,221 67  2.2 
Total 20,506 100  1.7 
Capital commitment as of 30 September 2019  
Maturity date Amount, SEK m Per centage, %
2019 - -
2020 837 4
2021 3,825 19
2022 4,118 21
2023 1,809 9
2024 and thereafter 9,098 46
Total 19,687 100