Annual Report 2009 - Ecco
Annual Report 2009 - Ecco
Annual Report 2009 - Ecco
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Notes to the Group and Parent Company financial statements<br />
11. Minority interests<br />
DKK ’000<br />
Group<br />
<strong>2009</strong> 2008<br />
Minority interests at 1 January 86,266 57,409<br />
Additions 22,602 1,013<br />
Disposals (20,864) (11,818)<br />
Share of profit for the year 46,120 46,470<br />
Currency translation (1,134) (6,808)<br />
Minority interests at 31 December 132,990 86,266<br />
12. Long-term debt<br />
DKK ’000<br />
Group Parent Company<br />
<strong>2009</strong> 2008 <strong>2009</strong> 2008<br />
Long-term debt due more than five<br />
years after the end of the financial year 38,383 78,083 38,383 78,083<br />
13. Contingent liabilities and collateral security<br />
DKK ’000<br />
CONTINGENT LIABILITIES<br />
Group Parent Company<br />
<strong>2009</strong> 2008 <strong>2009</strong> 2008<br />
Rent and lease liabilities 725,399 618,729 19,821 25,543<br />
Guarantees and letters to suppliers and subsidiaries 7,362 52,897 1,223 45,148<br />
Litigation - 2,000 - 2,000<br />
Sponsorships 13,531 14,082 13,531 14,082<br />
COLLATERAL SECURITY<br />
The following assets have been lodged in security of the<br />
Group’s loans from credit institutions and other long-term debt:<br />
Bearer mortgages on property, plant and equipment 148,261 169,547 80,000 80,000<br />
Guarantee for import duty 6,574 9,482 - -<br />
ECCO’s <strong>Annual</strong> Accounts <strong>2009</strong> / Notes to the Group and Parent Company financial statments 53
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