Lemminkäinen´s financing base and debt maturity distribution
as of 31 December 2011
Key figures | 31.12.2011 | 31.12.2010 | 31.12.2009 |
|---|---|---|---|
Interest-bearing debt, of which | 431,6 | 375.5 | 399.1 |
| - short-term | 237,0 | 161.4 | 108.4 |
| - long-term | 194,6 | 214.1 | 290.7 |
| Cash and cash equivalents | 30,4 | 26.3 | 74.4 |
| Net financial expenses | -18,9 | -22.2 | -33.4 |
Breakdown of the loan portfolio as of 31 December 2011
(Source: Lemminkäinen´s Financial Statements Bulletin 2011)
Of the Company’s interest-bearing debt, 17% (17) comprise loans from financial institutions, 28% (20) commercial papers, 12% (8) project loans related to own production of residential and business premises, 15% (24) pension loans, 14% (15) finance leasing liabilities and 14% (16) bonds.
Of all interest-bearing debt, 38% were with a fixed interest rate, and on 31 December 2011, the financing expenses of all interest-bearing debt was, on average, 3.4%.
At the end of the year 2011, the company had binding, unused credit limits in the amount of EUR 140,7 million (160,0).
The loan arrangements include two financial covenants that are measured quarterly: The net debt to EBITDA ratio and the Company's equity ratio.
Long term loan maturities 2012-2015 >
Updated 19.2.2012