Values

130
Group Financial Statements
Notes
Based on the remaining contractual terms of its fi nancial liabilities
at the balance sheet date, the Group has the following
future interest payments:
Future Undiscounted Interest Payments
Undiscounted interest payments
in € millions up to 1 year 1 to 5 years over 5 years Total
Fixed interest bonds and promissory notes 225 697 117 1,039
Floating rate bonds and promissory notes – – – –
Liabilities to banks 7 7 1 15
Lease liabilities 14 16 11 41
Other fi nancial debt 2 – – 2
Interest derivatives (3) – – (3)
Balance as of 12/31/2009 245 720 129 1,094
Fixed interest bonds and promissory notes 179 534 215 928
Floating rate bonds and promissory notes 6 – – 6
Liabilities to banks 13 4 1 18
Lease liabilities 15 26 14 55
Other fi nancial debt 4 6 1 11
Interest derivatives 1 (3) 1 (1)
Balance as of 12/31/2008 218 567 232 1,017
Credit Reserve
Th e Bertelsmann Group has access to syndicated and bilateral
credit agreements entered into with major international banks
by Bertelsmann AG and Bertelsmann U.S. Finance LLC. Th ese revolving
lines of credit can be drawn down at fl oating rates based
on EURIBOR or LIBOR.
The unutilized lines of credit available to the Group total
€1,510 million (previous year: €1,670 million) and can be disposed
of freely in the course of the Group’s ordinary business
activities. Th e table below shows the remaining terms and the utilization
of these credit agreements at the balance sheet date:
Remaining Terms
Line of credit
Drawn down Available lines Available lines
12/31/2009
12/31/2009
of credit
of credit
in € millions
12/31/2009
12/31/2008
< 1 year 310 – 310 470
1 to 2 years – – – –
2 to 3 years 1,200 – 1,200 –
3 to 4 years – – – 1,200
4 to 5 years – – – –
> 5 years – – – –
1,510 – 1,510 1,670
Bertelsmann Annual Report 2009