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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
Company | Group Management Group Financial | Corporate Governance | Report of the | Boards/Mandates | Additional Information Report Statements Supervisory Board Income Statement Statement of Comprehensive Income Balance Sheet Cash Flow Statement Statement of Changes in Equity Notes Lease Liabilities Finance leases exist for the following assets: Leased Assets 12/31/2009 12/31/2008 in € millions Acquisition costs Net carrying amount Acquisition costs Net carrying amount Land, rights equivalent to land and buildings 35 34 35 34 Offi ce, factory and other buildings 299 183 299 192 Machinery and technical equipment 11 5 11 6 Other property, plant and equipment 9 3 9 3 354 225 354 235 Th e benefi cial ownership of leased assets lies with the lessee, providing that the lessee also bears the signifi cant risks and rewards of ownership. Th e Group’s fi nance lease activities Minimum Lease Payments for Finance Leases 12/31/2009 12/31/2008 Nominal Nominal value of value of lease Discount lease Discount in € millions payments amounts Present value payments amounts Present value up to 1 year 103 10 93 39 9 30 1 to 5 years 74 20 54 167 37 130 over 5 years 85 17 68 99 20 79 262 47 215 305 66 239 Bertelsmann Annual Report 2009 primarily relate to long-term agreements for offi ce space. Th e Group generally has the option to acquire such properties at the end of the lease term. 131
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Annual Report 2009 Digitization Inn
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Bertelsmann at a Glance Key Figures
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Corporate Divisions at a Glance RTL
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Content 8 - 23 175 Years of Bertels
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F all 1973. The Middle East oil cri
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trigued by the articles about forei
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wants to start reading the third, t
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1835 1921 1950 1967
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