Financial structure
On 31 December 2011 Intervest Retail has a conservative financial structure allowing it to carry out its activities also in 2012.
The most important characteristics of the financial structure on 31 December 2011 are:
- amount of financial debts: € 127 million
- 73 % of the credit lines are long-term financings with an average remaining duration of 3,6 years
- well-spread expiry dates of the credit facilities between 2012 and 2016
Duration of financings
.png)
- spread of credit facilities over 5 European financial institutions
Expiry calendar of financings
- € 11 million of available non-withdrawn credit lines
- 71 % of the withdrawn credit facilities have a fixed interest rate, 29 % have a variable interest rate
- fixed interest rates are fixed for a remaining period of 4,9 years in average
- average interest rate for 2011: 4,3 % including bank margins (2010: 4,1 %)
- value of financial derivatives: € 5,1 million in negative (recorded under other non-current financial liabilities)
- limited debt ratio of 36 % (legal maximum: 65 %) (31 December 2010: 37 %)