English - DFDS

DFDS annual report 2009 NOTEs 89
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2005 2006 2007 2008 2009
The Group’s obligations for defined benefit plans
for the past five years consists of the following:
Present value of the defined benefit obligation -671,734 -715,642 -566,401 -390,329 -518,004
Fair value of plan assets 401,149 448,787 432,368 254,044 333,920
Deficit in the plan -270,585 -266,855 -134,033 -136,285 -184,084
Experience adjustments arising on plan liabilities -6,987 -1,359 107,569 11,893 -24,553
Experience adjustments arising on plan assets 38,237 21,845 1,757 -114,563 33,937
The Parent Company’s obligations for defined benefit
plans for the past five years consists of the following:
Present value of the defined benefit obligation -9,099 -8,098 -6,397 -6,214 -5,196
Experience adjustments arising on plan liabilities 0 0 0 0 0
DFDS’s future obligations in the defined benefit plans can be influenced significantly by changes in the discount rate, the fair value of the plan assets and the expected
return of these, the inflation, the future salary and pension increase, and demographic changes, such as the expected lifetime or other changes.
Parent Company
DKK ‘000
Consolidated
DKK ‘000
2007 2008 2009 Note 22 Other provisions 2007 2008 2009
2,610 2,610 0 Balance at 1 January 11,247 26,293 9,720
0 0 0 Provisions made during the year 15,046 1,167 0
0 -2,610 0 Used during the year 0 -6,010 -1,339
0 0 0 Reversal of unused provisions 0 -11,730 -2,168
2,610 0 0 Other provisions at 31 December 26,293 9,720 6,213
Other provisions are expected to be payable in:
2,610 0 0 0 - 1 year 25,168 9,720 6,213
0 0 0 1 - 5 year 1,125 0 0
2,610 0 0 Other provisions at 31 December 26,293 9,720 6,213
Of the Group’s provision of DKK 6.2 million (2008: DKK 9.7 million, (2007: DKK 26.3 million)), DKK 0 million (2008: DKK 0.0 million, 2007: DKK 14.8 million) relate to costs
incurred in connection with the sale of a ship, DKK 6.0 million (2008: DKK 8.2 million, 2007: DKK 7.0 million) relate to costs incurred in connection with a contamination issue,
DKK 0 million (2008: DKK 0.0 million, 2007: DKK 2.6 million) relate to a terminated tenancy no longer in use and DKK 0.2 million (2008: DKK 1.5 million, 2007: DKK 1.9 million)
relate to other provisions.
The reversal of unused provisions amounting DKK 2.2 million in 2009 regards expected costs regarding a pollution case. The reversal of unused provisions amounting
DKK 11.7 million in 2008 regards the sale of a ship in 2006.
The Parent Company’s other provisions consist of DKK 0.0 million (2008: DKK 0.0 million, 2007: DKK 2.6 million) relating to a terminated tenancy no longer in use.
Parent Company
DKK ‘000
Consolidated
DKK ‘000
2007 2008 2009 Note 23 Interest-bearing liabilities 2007 2008 2009
2,526,157 1,929,419 2,507,579 Mortgage on ships 3,207,236 2,432,915 2,934,788
12,561 0 0 Financial lease liabilities 51,237 20,098 48,839
0 0 51,045 Owed to group enterprises - - -
178,958 119,771 59,532 Bank loans 258,052 164,475 59,532
38,073 19,108 0 Other non-current liabilities 128,250 107,143 30,562
0 -42,500 0 Transferred to liabilities regarding assets held for sale 0 -42,500 0
2,755,749 2,025,798 2,618,156 Total interest bearing non-current liabilities 3,644,775 2,682,131 3,073,721
342,598 533,327 408,301 Mortgage on ships 565,851 722,520 469,159
9,656 11,662 0 Financial lease liabilities 35,294 34,275 8,930
527,869 840,493 466,033 Owed to group enterprises - - -
59,653 178,565 500,097 Bank loans 69,675 212,435 581,701
20,175 18,146 19,401 Other non-current liabilities 36,830 27,310 24,148
0 -42,500 42,500 Transferred to/from liabilities regarding assets held for sale 0 -42,500 42,500
959,951 1,539,693 1,436,332 Total interest bearing current liabilities 707,650 954,040 1,126,438
3,715,700 3,565,491 4,054,488 Total interest bearing liabilities 4,352,425 3,636,171 4,200,159
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