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 June 2018     
Fixed interest term
 Amount, SEK m Percentage, %   Average interest rate, %
2018 6,085 34  0.7 
2019  800  0.2
2020 1,300  7 0.6 
2021 1,260  7 3.9 
2022  1,000  2.6 
2023 and thereafter 7,736  43  2.6 
Total 18,181 100  1.6 
Capital commitment as of 30 June 2018  
Maturity date Amount, SEK m Per centage, %
2018 - -
2019 4,187 23
2020 5,035 28
2021 1,894 10
2022 3,517 19
2023 and thereafter 3,548 20
Total 18,181 100