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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, 31-12-2019
Gearing ratio, individual properties  max 70% 69% 
Gearing ratio, the Group   max 75% 42% 
Percentage of interest falling due within 12 months  0-50% 25% 
Percentage of loans falling due within 12 months  10-30% 0% 
Currency risk, financing Not permitted None
Bank deposits SEK 0-200 million SEK 467 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% 14% 
Fixed interest as of 30 September 2020     
Maturity date  Amount, SEK m Percentage, %   Average interest rate, %
2020 2,484 13  1.0 
2021  1,802  10 0.6
2022 400  2 1.6 
2023 736  4 1.6 
2024  1,487  1.6 
2025 and thereafter 11,683 63  2.0 
Total 18,581 100  1.7 
Capital commitment as of 30 June 2020  
Maturity date Amount, SEK m Per centage, %
2020 - -
2021 1,533 8
2022 5,202 28
2023 1,809 10
2024 2,326 13
2025 and thereafter 7,712 42
Total 18,581 100