Funding and liquidity
Payment transactions are handled by ING Bank and Rabobank.

There are short-term credit facilities with ING Bank and with Bank Nederlandse Gemeenten (BNG). There is also a short-term credit facility with the subsidiary Amsterdam UMC Research B.V.

BNG and Nederlandse Waterschapsbank (NWB) provide the long-term loans, with the interest rate fixed for the long term. ING Bank has also granted a long-term loan.

Adjusted equity: The share capital or share capital plus (a) collectively financed tied

capital and (b) non-collectively financed unrestricted equity, less (i) goodwill, (ii) investments, (iii) receivables from shareholders/directors and participating interests/group companies, and (iv) deferred tax assets.

Adjusted Balance Sheet Total: Balance sheet total less (i) goodwill, (ii) participating interests, (iii) receivables from shareholders/directors/partners and participating interests/group companies, and (iv) deferred tax assets.

EBITDA: Net profit, adjusted for (i) the share of profits or losses of third parties, (ii) profit or loss from participating interests, (iii) tax, (iv) net extraordinary profit or loss (including any profit or loss from the sale of property), (v) the net profit or loss from financial expenses and financial income, (vi) depreciation and amortisation, and (vii) annual operating lease obligations.

The following definitions apply to the agreements with the banks:

• Solvency: Adjusted equity/adjusted balance sheet total

• DSCR: EBITDA for the closed year/(annual gross interest expense plus principal repayments in the closed financial year)