Annual Report 2010 - Falck

Notes to the parent company financial statements
Parent Company | Falck Annual Report 2010 107
Note DKK million 2010 2009
12 Credit institutions
Non-current liability:
Long-term loans 2,721 2,522
Current liability:
Short-term loans 302 265
Total credit institutions 3,023 2,787
Breakdown by maturity:
Due within 1 year 302 265
Due between 1 and 3 years 2,499 640
Due between 3 and 5 years 222 1,882
Total 3,023 2,787
Breakdown by currency:
DKK 1,921 1,594
EUR 853 956
USD 249 237
Total 3,023 2,787
Interest reset periods:
Within 3 months 3,023 2,787
Total 3,023 2,787
The statements set out above do not include liabilities relating to interest for subsequent financial
periods. See note 36 to the Group financial statements for a description of the Group's risks
and cash resources.
The effective interest rate has been determined at 3.2% (2009: 3.8%).
For debt with an interest reset period within 3 months, regular assessments are made of how
long the interest period should be. As at the balance sheet date, the interest rate in DKK was
fixed for one month and averaged approximately 1.8% (2009: 1.8%).
As at the balance sheet date, the interest rate in EUR was fixed for one month and averaged
approximately 1.0% (2009: 0.8%). As at the balance sheet date, the interest rate in USD was
fixed for 3 months and averaged approximately 0.7% (2009: 0.6%).
The market value of debt with an interest reset period within 3 months is approximately
DKK 3,024 million (2009: DKK 2,700 million).
DKK 25 million (2009: DKK 7 million) of capitalised loan costs has been deducted from the
carrying amount of debt.
13 Other payables
Fair value of interest rate collar 64 66
Total other payables 64 66
14 Net financials
Financial income and expenses (82) (92)
Total net financials (82) (92)