English - DFDS

DFDS annual report 2009 NOTEs 95
>>> Note 28 continued
PArent company 2007
Principal amount/outstanding debt at
Category 31/12/07 31/12/08 31/12/10 31/12/12
Mortgages on ships 2,868,755 2,526,157 1,640,963 1,190,767
Bank loans 238,611 178,958 59,653 0
Debt to group enterprises 527,869 0 0 0
Other interest-bearing loans 58,248 38,073 0 0
Financial lease liabilities 22,217 12,561 0 0
Interest-bearing liabilities 3,715,700 2,755,749 1,700,616 1,190,767
Financial lease liabilities, fixed interest rate -22,217 -12,561 0 0
Other fixed-interest liabilities -16,554 -11,292 0 0
Interest swap, (principal amount), fixed rate, (interest paid) -1,861,200 -1,610,092 -907,876 -597,759
Loans with floating interest rates 1,815,729 1,121,804 792,740 593,008
PArent company 2008
Principal amount/outstanding debt at
Category 31/12/08 31/12/09 31/12/11 31/12/13
Mortgages on ships 2,462,746 1,929,419 1,380,234 685,028
Bank loans 179,376 119,771 0 0
Bank overdrafts 118,959 0 0 0
Debt to group enterprises 840,494 0 0 0
Other interest-bearing loans 37,254 19,108 0 0
Financial lease liabilities 11,662 0 0 0
Interest-bearing liabilities 3,650,491 2,068,298 1,380,234 685,028
Financial lease liabilities, fixed interest rate -11,662 0 0 0
Other fixed-interest liabilities -37,260 -19,108 0 0
Interest swap, (principal amount), fixed rate, (interest paid) -1,614,495 -1,164,263 -786,298 -398,254
Loans with floating interest rates 1,987,074 884,927 593,936 286,774
PArent company 2009
Principal amount/outstanding debt at
Category 31/12/09 31/12/10 31/12/12 31/12/14
Mortgages on ships 2,958,380 2,507,579 1,174,295 149,614
Bank loans 119,626 59,532 0 0
Bank overdrafts 440,003 0 0 0
Debt to group enterprises 536,479 51,045 0 0
Interest-bearing liabilities 4,054,488 2,618,156 1,174,295 149,614
Interest swap, (principal amount), fixed rate, (interest paid) -1,174,963 -922,720 -663,235 -93,154
Loans with floating interest rates 2,879,525 1,695,436 511,060 56,460
Oil risks
Financial oil risks in the DFDS Group are caused by oil swaps used to hedge bunker costs.
An increase in the oil price of 10%-point compared to the actual oil price at balance sheet date would, other things being equal, have had a hypothetical positive effect on
the equity reserve for cash flow hedge of DKK 2.8 million (2008: DKK 8.5 million, 2007: DKK 0 million). This is due to the oil contracts for future delivery entered to hedge
the cost for bunkers. A decrease in the oil price would have had a similar negative effect.
The sensitivity analysis on oil contracts has been prepared under the assumptions that the effect is calculated on the oil contracts entered at the balance sheet date; the
hedges are 100% effective and based on the actual market situation and expectations to the development in the oil prices.
Note 28 continued on the next page >>>