Annual Report 2010 - Falck

84 Falck Annual Report 2010 | Group
Notes to the Group financial statements
Note DKK million
27 Credit institutions (continued)
The effective interest rate has been determined at 3.4% (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%).
For debt with an interest reset period beyond 12 months (in DKK) the effective interest rate is currently approximately 4.5% (2009: 4.5%).
The market value of debt with an interest reset period within 3 months is approximately DKK 3,378 (2009: DKK 2,785 million), and the
market value of debt with an interest reset period beyond 12 months is approximately DKK 411 million (2009: DKK 404 million).
DKK 26 million (2009: DKK 7 million) of capitalised loan costs has been deducted from the carrying amount of debt.
Assets held under finance leases
Assets held under finance leases comprise leased vehicles and buildings. The lease contracts do not include any contingent lease payments.
Breakdown of liabilities concerning assets held under finance leases:
Present value minimum
of lease lease
2010 payments Interest payments
Due within 1 year 5 1 6
Due between 1 and 5 years 10 1 11
Due after 5 years 3 - 3
Total as at 31 December 2010 18 2 20
Present value minimum
of lease lease
2009 payments Interest payments
Due within 1 year 5 1 6
Due between 1 and 5 years 13 1 14
Due after 5 years 4 - 4
Total as at 31 December 2009 22 2 24