The Group KD Group and KD Group dd
The Group KD Group and KD Group dd
The Group KD Group and KD Group dd
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<strong>The</strong> <strong>Group</strong> <strong>KD</strong> <strong>Group</strong> Annual Report 2009<br />
Notes to Consolidated Financial Statements as at <strong>and</strong> for the year ended 31 December 2009<br />
<strong>The</strong> effective interest rates on loans <strong>and</strong> deposits were as follows:<br />
2009 2008<br />
Non-current loans 2.50% – 8.00% 6.57% – 8.00%<br />
Current loans 2.24% – 9.00% 6.00% – 10.00%<br />
Loans to related parties 2.24% – 8.00% 4.92% – 8.00%<br />
Short-term bank deposits 1.40% – 1.80% 2.80% – 4.85%<br />
11.6 Movements in financial assets<br />
(in EUR)<br />
Fair value through<br />
profit or loss –<br />
trading<br />
Fair value through<br />
profit or loss –<br />
other<br />
Available for<br />
sale<br />
Held to<br />
maturity<br />
Total<br />
As at 1 January 2009 15,387,151 20,123,529 187,474,865 7,844,709 230,830,254<br />
Exchange differences on monetary<br />
assets (45,846) (17,705) (133,183) (127,111) (323,845)<br />
A<strong>dd</strong>itions 143,874,647 4,178,281 84,017,582 12,729,475 244,799,985<br />
Acquisition of subsidiaries - - 3,476,199 - 3,476,199<br />
Disposal of subsidiaries (15,803) - (751,996) - (767,799)<br />
Disposals (sale <strong>and</strong> redemption) (141,068,581) (4,273,705) (83,789,308) (2,151,788*) (231,283,382)<br />
Impairment of available-for-sale equity<br />
securities - - (2,927,247) - (2,927,247)<br />
Reversal of impairment - - 183,890 - 183,890<br />
Net fair value gains – excluding net<br />
realised gains 170,279 (238,875) 2,510,421 - 2,441,825<br />
As at 31 December 2009 18,301,847 19,771,525 190,061,223 18,295,285 246,429,880<br />
As at 1 January 2008 42,508,318 20,935,380 317,214,328 7,590,164 388,248,190<br />
Exchange differences on monetary<br />
assets 45,197 (41,106) (70,152) (95,184) (161,245)<br />
A<strong>dd</strong>itions 17,011,892 27,039,659 55,237,993 1,709,961 100,999,505<br />
Acquisition of subsidiaries - - - - -<br />
Disposal of subsidiaries - (20,504,515) (3,164) - (20,507,679)<br />
Disposals (sale <strong>and</strong> redemption) (20,523,380) (6,489,301) (100,645,184) (1,360,232*) (129,018,097)<br />
Impairment of available-for-sale equity<br />
securities - - (24,846,256) -<br />
(24,846,256)<br />
Net fair value gains – excluding net<br />
realised gains (23,654,876) (816,588) (59,412,700) - (83,884,164)<br />
As at 31 December 2008 15,387,151 20,123,529 187,474,865 7,844,709 230,830,254<br />
* only redemption<br />
Investments in loans include also investment contracts assets.<br />
Impairment of available-for-sale non-listed equity securities is recognised either on the basis of external independent<br />
valuations, using the discounted future cash flow method, or on the basis of an internal model whose appropriateness has<br />
been assessed by an independent qualified expert.<br />
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