ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
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notes<br />
26 Interest-bearing debt and capital employed<br />
DKK million <strong>2011</strong> 2010<br />
interest-bearing net debt can be broken down as follows:<br />
interest-bearing debt<br />
Bond loans 22,678 26,570<br />
Bank loans 17,549 11,333<br />
Payables to associates 10 43<br />
Other interest-bearing liabilities 724 450<br />
interest-bearing debt 40,961 38,396<br />
interest-bearing assets<br />
Securities 9,914 7,620<br />
Cash 2,342 4,147<br />
Of which non-interest-bearing (48) (15)<br />
Receivables from associates and jointly controlled entities 1,427 815<br />
Of which non-interest-bearing (11) (262)<br />
Receivables from the disposal of equity investments to non-controlling interests 1,345 1,740<br />
Capital contributions receivable from non-controlling interests 2,103 2,212<br />
Interest-bearing assets classifi ed as held for sale 274 -<br />
interest-bearing assets 17,346 16,257<br />
interest-bearing net debt 23,615 22,139<br />
Capital employed can be broken down as follows:<br />
Operating assets<br />
Total assets 154,073 137,339<br />
Interest-bearing assets (17,346) (16,257)<br />
non-interest-bearing assets 136,727 121,082<br />
Operating liabilities<br />
Total liabilities 96,333 86,031<br />
Interest-bearing debt (40,961) (38,396)<br />
non-interest-bearing debt 55,372 47,635<br />
non-interest-bearing net assets 81,355 73,447<br />
reconciliation<br />
Non-interest-bearing net assets 81,355 73,447<br />
Interest-bearing net debt (23,615) (22,139)<br />
Equity 57,740 51,308<br />
102 106 COnsOliDatED finanCial statEmEnts – <strong>DONG</strong> ENERGY GROUP <strong>ANNUAL</strong> <strong>ANNUAL</strong> <strong>REPORT</strong> <strong>REPORT</strong> <strong>2011</strong><br />
<strong>2011</strong>