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    
  31-12-2016 31-12-2015
Interest-bearing liabilities, SEK m 15,095 13,269
Gearing ratio, % 41.9 43.0
Average fixed interest term, yrs. 3.9 4.4
Average capital commitment term, yrs. 3.5 3.1
Average interest rate for interest-bearing liabilities, % 2.3 2.9
Shareholders' equity, SEK m 16,176 13,953
Equity/assets ratio, % 43.7 43.7
Financial policy, 2015    
   Goal/Mandate Results, 31-12-2015
Gearing ratio, individual properties  max 70% 67% 
Gearing ratio, the Group   max 50% 43% 
Percentage of interest falling due within 12 months  0-50% 36% 
Percentage of loans falling due within 12 months  10-30% 17% 
Currency risk, financing Not permitted None
Bank deposits SEK 0-200 million SEK 389 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% 26% 
Fixed interest as of 31 March 2017     
Fixed interest term
 Amount, SEK m Percentage, %   Average interest rate, %
2017 7,076 42  0.9 
2018  1,174  2.6
2019 -
2020 1,100  2.6 
2021  760  4.2 
2022 and later 6,786  40  3.3 
Total 16,896 100  2.2 
Capital commitment as of 31 March 2017  
Maturity date Amount, SEK m Percentage, %
2017 61 0
2018 3,422 20
2019 4,327 26
2020 2,573 15
2021 1,394 8
2022 and later 5,119 30
Total 16,896 100