TDC Group Annual Report 2011(6,4MB) - TDC Annual Report 2011

TDC Group Annual Report 2011
Treasury shares Shares (number) Nominal value (DKK) % of share capital
Holding at 1 January 2010 283,821 1,419,105 0.14
Five-for-one share split 1,135,284 0 -
Additions 176,468,549 176,468,549 17.79
Disposals (2,770,136) (2,770,136) (0.27)
Holding at 1 January 2011
Cancellation of treasury shares in connection
175,117,518 175,117,518 17.66
with capital reduction (166,875,885) (166,875,885) (16.67)
Additions 125,488 125,488 0.02
Disposals 0 0 0.00
Holding at 31 December 2011 8,367,121 8,367,121 1.01
In December 2010, TDC completed a share buy-back of 176,468,549 shares of nominally DKK 1 each for an aggregate
amount of DKK 9bn. 2,770,136 of the shares acquired in the share buy-back were used for a one-time grant of shares to the
employees (cf. note 6).
In March 2011,166,875,885 treasury shares were cancelled in connection with a capital reduction.
The remaining treasury shares may be used in connection with incentive and other remuneration programmes for the
executive management and employees; as consideration in acquisitions of other businesses; and, subject to the necessary
approval of the General Meeting, to complete a reduction of the share capital.
Note 22 Loans DKKm
2011 2010
Specification of long-term loans:
Senior loans 0 17,737
Euro Medium Term Notes (EMTNs) 19,056 5,342
Debt relating to finance leases 169 150
Other loans 179 199
Total 19,404 23,428
Specification of short-term loans:
Bank loans 302 55
Euro Medium Term Notes (EMTNs) 3,402 0
Debt relating to finance leases 79 59
Other loans 33 102
Total 3,816 216
Total long-term and short-term loans 23,220 23,644
Fair value 24,603 24,215
Nominal value 23,089 23,903
Long-term loans fall due as follows:
1 -3 years 145 3,531
3 -5 years 8,169 19,742
After 5 years 11,090 155
Total 19,404 23,428
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