Financing

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

Amount, SEK mFinancing 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    
  31-12-2017 31-12-2016
Interest-bearing liabilities, SEK m 18,247 15,095
Gearing ratio, % 44.7 41.9
Average fixed interest term, yrs. 4.4 3.9
Average capital commitment term, yrs. 3.5 3.5
Average interest rate for interest-bearing liabilities, % 1.7 2.3
Equity/assets ratio, % 42.6 43.7
Financial policy, 2017    
   Goal/Mandate Results, 31-12-2017
Gearing ratio, individual properties  max 70% 70% 
Gearing ratio, the Group   max 75% 66% 
Percentage of interest falling due within 12 months  0-50% 44% 
Percentage of loans falling due within 12 months  10-30% 10% 
Currency risk, financing Not permitted None
Bank deposits SEK 0-200 million SEK 344 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% 16% 
Fixed interest as of 30 September  2018     
Fixed interest term
 Amount, SEK m Percentage, %   Average interest rate, %
2018 5,940 31  0.6 
2019  1,500  0.1
2020 1,300  7 0.6 
2021 1,175  6 1.7 
2022  400  2.4 
2023 and thereafter 8,721  46  2.4 
Total 19,036 100  1.4 
Capital commitment as of 30 September 2018  
Maturity date Amount, SEK m Per centage, %
2018 - -
2019 3,791 20
2020 5,036 26
2021 3,044 16
2022 3,617 19
2023 and thereafter 3,548 19
Total 19,036 100