Financial structure
On 31 December 2011, the most important characteristics of the financial structure of Intervest Offices & Warehouses are:
- amount of financial debts: € 293 million (excluding the market value of financial derivatives)
- 85 % long-term financings with an average remaining duration of 3,7 years
- spread of expiry dates of credit facilities between 2012 and 2022
Duration of the financings
- spread of credit facilities over 5 European financial institutions and bondholders
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- € 31 million available non-withdrawn credit lines
Expiry calendar of financings
- 60 % of the credit lines have a fixed interest rate, 40 % have a variable interest rate. 66 % of thewithdrawn credit facilities have a fixed interest rate and 34 % a variable interest rate (situation on2 January 2012)
- interest rates are fixed for a remaining average period of 4,0 years
- market value of financial derivatives: € 5 million negative
- average interest rate for 2011: 4,6 % including bank margins (4,0 % in 2010)
- debt ratio of 49,9 % (legal maximum: 65 %) (43,0 % on 31 December 2010)