Key Balance Sheet and Financing Figures
|31 Dec'18||31 Dec'17||Change, %|
|Balance sheet total||EURm||1,752.8||1,719.8||1.9|
|Cash and equivalents||EURm||23.8||71.8||-66.9|
|Average loan maturity||yrs||0.8||4.5||-82.2|
|Secured solvency ratio||%||35.1||35.3||-|
|Unencumbered asset ratio||%||21.0||13.8||-|
On June 30, 2018, the average interest rate on interest-bearing liabilities was 2.19% (2.60%).
The change in average loan maturity of interest-bearing liabilities relates to the “change of control” event in the majority of Technopolis’ financing agreements and the consequent agreed stand-still period of six months. Technopolis has initiated refinancing negotiations to replace its current funding. The management believes that the negotiations will lead to a positive outcome and funding will be secured.
- The average interest rate on interest-bearing liabilities was 2.19%.
- The average interest fixing period was 3.8 years.
- Hedge ratio 41.6%.
Last updated 28.2.2019