| |
2011 |
2010 |
2009 |
|---|
| Finance costs charge to income statement |
59,715,171 |
69,108,431 |
54,149,810 |
| Interest Cover Ratio |
4.1x |
3.4x |
4.3x |
The interest cover ratio measures how many times the finance costs that are charged to the Consolidated Statement of Comprehensive Income are covered by the profit before fair value gains on investment properties.
| Gearing Ratio |
10.20% |
11.2% |
8.5% |
The gearing ratio measures the ratio of net debt (i.e. including long term finance) to the sum of net debt plus equity.
Dates for refinancing:
The table below summarises the maturity profile of the Company’s interest bearing loans and bank overdrafts at
31 December 2011:
| | On demand | Less than 3 months | 3 to 12
months | 1 to 5 years | > 5 years | Total |
|---|
| At 31 December 2011 |
| Interest bearing loans and borrowings |
- |
64,645,934 |
396,505,680 |
476,988,018 |
- |
938,139,632 |
| Bank overdrafts |
7,857,113 |
- |
- |
- |
- |
7,857,113 |
| At 31 December 2010 |
| Interest bearing loans and borrowings |
- |
763,280 |
356,613,894 |
465,512,419 |
75,380,722 |
898,270,315 |
| Bank overdrafts |
14,320,661 |
- |
- |
- |
- |
14,320,661 |