IC Companys – Annual Report 2008/09 0 - IC Companys A/S

21. Trade payables
Parent Company
DKK million 30.06.2009 30.06.2008
Trade payables 35.4 70.1
Total 35.4 70.1
The carrying amount corresponds to the fair value of the liabilities.
22. Other debt
Parent Company
DKK million 30.06.2009 30.06.2008
VAT, customs and PAYE tax withheld 60.7 26.7
Salaries, social security costs and holiday allowance payable 29.2 33.1
Unrealised loss on financial contracts - 42.3
Severance pay 12.4 14.6
Other costs payable 7.9 23.0
Total 110.2 139.7
DKK 8.5 million in severance pay is due within a year.
The carrying amount of amounts payable under Other debt in all material respects corresponds to the fair value of
the liabilities.
23. Operational leasing
Parent Company
DKK million 30.06.2009 30.06.2008
Commitments under non-cancellable operating leases are:
Shop leases and other land and buildings:
0-1 year 20.6 22.7
1-5 years 44.7 46.5
After 5 years 0.2 3.2
Total 65.5 72.4
Lease of equipment and furniture etc.:
0-1 year 2.3 3.0
1-5 years 2.5 4.5
After 5 years - -
Total 4.8 7.5
The Parent company leases properties under operating leases. The lease period is typically between 3 – 10 years
with an option to extend on expiry.
In addition, the Parent Company leases cars and other operating equipment under operating leases. The lease
period is typically between three to five years with an option to extend on expiry.
An amount of DKK 23.4 million (2007/08: DKK 24.7 million) relating to operating leases has been recognised in
the income statement for 2008/09.
24. Other liabilities and contingent liabilities
Parent Company
DKK million 30.06.2009 30.06.2008
Guarantees and other collateral security relating to subsidiaries 519.3 574.3
Other guarantees and other collateral security 23.7 20.2
The Parent Company has issued letters of comfort for certain subsidiaries. The Parent Company’s shares in the
subsidiary Raffinaderivej 10 A/S (recognised in the financial statements of the Parent Company DKK 0.5 million)
has been provided as security for the Group’s long-term debt of DKK 168.0 million concerning the acquirement of
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