English - DFDS

80 NOTEs
DFDS annual report 2009
>>> Note 12 continued
Parent Company
DKK ‘000 BUILDINGS TERMINALS SHIPS
EQUIPMENT,
ETC.
WORK IN
PROGRESS AND
PREPAYMENTS
TOTAL
Balance at 1 January 2008 16,236 71,930 5,655,457 160,844 24,170 5,928,637
Transfer to/from other items 3,537 0 47,921 4,747 -56,205 0
Addition 378 0 40,764 32,790 285,654 359,586
Disposal 0 0 -33,755 -926 -21,081 -55,762
Assets held for sale 0 0 -576,577 0 0 -576,577
Cost at 31 December 2008 20,151 71,930 5,133,810 197,455 232,538 5,655,884
Balance at 1 January 2008 6,015 43,761 1,809,727 91,052 0 1,950,555
Depreciation 1,515 1,971 271,411 18,500 0 293,397
Depreciation on disposal 0 0 -28,427 -926 0 -29,353
Assets held for sale 0 0 -391,606 0 0 -391,606
Impairment and depreciation
at 31 December 2008 7,530 45,732 1,661,105 108,626 0 1,822,993
Carrying amount at 31 December 2008 12,621 26,198 3,472,705 88,829 232,538 3,832,891
Of this, financial leased assets 7,294 2,443 9,737
Interest recognised in cost at 1 January 2008 26,631 0 26,631
Recognised interest for the year 0 7,599 7,599
Interest recognised in cost at 31 December 2008 26,631 7,599 34,230
Balance at 1 January 2009 20,151 71,930 5,133,810 197,455 232,538 5,655,884
Transfer to/from other items 130 0 152,183 298 -152,611 0
Addition 646 875 35,508 10,907 110,045 157,981
Disposal 0 0 -399,204 -804 -182,901 -582,909
Transferred to assets held to sale 0 0 -23,988 0 0 -23,988
Transferred from assets held to sale 0 0 576,577 0 0 576,577
Cost at 31 December 2009 20,927 72,805 5,474,886 207,856 7,071 5,783,545
Balance at 1 January 2009 7,530 45,732 1,661,105 108,626 0 1,822,993
Depreciation 1,815 1,860 262,894 20,709 0 287,278
Impairment 0 0 6,161 0 0 6,161
Depreciation on disposal 0 0 -144,885 -303 0 -145,188
Transferred to assets held to sale 0 0 -23,988 0 0 -23,988
Transferred from assets held to sale 0 0 444,606 0 0 444,606
Impairment and depreciation
at 31 December 2009 9,345 47,592 2,205,893 129,032 0 2,391,862
Carrying amount at 31 December 2009 11,582 25,213 3,268,993 78,824 7,071 3,391,683
Of this, financial leased assets 0 0 0
Interest recognised in cost at 1 January 2009 26,631 7,599 34,230
Recognised interest for the year 1,910 0 1,910
Transferred to/from other items 442 -442 0
Disposal 0 -7,157 -7,157
Interest recognised in cost
at 31 December 2009 28,983 0 28,983
Carrying amount of assets pledged as securities 3,266,287
The carrying amount of ships includes passenger ships, DKK 1,624 million (2008: DKK 1,787 million, 2007: DKK 2,228 million) of which components with high
decrease on value amounts to DKK 442 million (2008: DKK 505 million, 2007: DKK 623 million) and components with minor decrease in value amounts to
DKK 1,182 million (2008: DKK 1,282 million, 2007: DKK 1,605 million).
Interest rates included in costs for the Parent Company are calculated by using an interest rate based on the general borrowing. The applied interest rate is 2.0 –
5.5%. The interest rate for capitalized interest is 5.5% in 2009 (2008: 5.5%, 2007: no capitalized interests).
On the basis of the impairment tests performed in 2009 an impairment loss on a ship classified as an asset held for sale, DKK 53.0, million, and on improvements
on a ship chartered from an affiliated company, DKK 6.1 million, is recognised (2008 and 2007: no impairment). For further information see Note 39.