Note 22 - Other financial liabilities


Audited by PwC
 
2009 2008
    DKK million  DKK million  
Credit institutions 2,214  2,400 
Derivatives 95  246 
Other financial liabilities   19  22   
Other financial liabilities at December 31 2,328  2,668 
Non-current 1,696  1,576 
Current 632  1,092 
The credit institutions are payable within the following periods from the balance sheet date:
Less than 1 year 559  911 
Between 1 and 2 years 80  497 
Between 2 and 3 years   - 
Between 3 and 4 years 562    - 
Between 4 and 5 years 557 
After 5 years   1,003  435   
Credit institutions at December 31 2,214  2,400 
The debt is denominated in the following currencies:
CAD   - 15 
CNY 209  302 
DKK 614  601 
EUR 966  373 
GBP   -
INR 89  88 
JPY   -
USD 336  1,007 
Other     -  
Credit institutions at December 31 2,214  2,400 
Debt to credit institutions runs to 2010–2036 at interest rates between 1.7% and 12.5%.
The interest rates on the above variable loans will be adjusted in 2010.
The carrying amount of credit institutions corresponds to the fair value.
 
Analysis of time to maturity of financial liabilities
This table analyzes financial liabilities settled by financial assets, including derivatives, broken down by payment periods, based on the contractual due date. The amounts are shown undiscounted, so the figures cannot be directly reconciled with the respective items in the balance sheet.
 

Less Between Between After
than 1 1 and 2 2 and 5
DKK million    year years years  years  
Financial liabilities at December 31, 2009
Other financial liabilities 559  80  572  1,022 
Trade payables 531    -   -   -
Other payables 1,076    -   -   -
Gross settlement of derivatives (outflow) 35  27  45  20 
The figures below show the inflow from the above gross settlement of derivatives, so as to provide an adequate and fair picture of the actual draw on liquidity.
Gross settlement of derivatives (inflow)    13  12  20 
                                       
Less Between Between After
than 1 1 and 2 2 and 5
DKK million    year years years  years  
Financial liabilities at December 31, 2008
Other financial liabilities 911  497  557  457 
Trade payables 630    -   -   -
Other payables 1,004    -   - 38 
Gross settlement of derivatives (outflow) 40  18  24    -
The figures below show the inflow from the above gross settlement of derivatives, so as to provide an adequate and fair picture of the actual draw on liquidity.
Gross settlement of derivatives (inflow) 23  15  28    -
 
 

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