ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
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Categories of fi nancial instruments<br />
DKK million Carrying<br />
amount<br />
<strong>2011</strong> 2010<br />
Derivative fi nancial instruments included in trading portfolio 16,301 16,301 10,359 10,359<br />
Securities 9,914 9,914 7,620 7,620<br />
financial assets measured at fair value via profi t for the year 26,215 26,215 17,979 17,979<br />
Derivative fi nancial instruments entered into to hedge future cash fl ows - - 4,174 4,174<br />
Derivative fi nancial instruments entered into to hedge net investments in<br />
foreign enterprises 455 455 203 203<br />
Derivative fi nancial instruments entered into to hedge fair values 405 405 170 170<br />
financial assets used as hedging instruments 860 860 4,547 4,547<br />
Trade receivables 7,634 7,634 9,451 9,451<br />
Receivables from the disposal of activities 1,554 1,554 1,974 1,974<br />
Other receivables 8,530 8,530 7,525 7,525<br />
Cash 2,342 2,342 4,147 4,147<br />
loans and receivables 20,060 20,060 23,097 23,097<br />
Other equity investments 418 418 374 374<br />
financial assets available for sale 418 418 374 374<br />
Derivative fi nancial instruments included in trading portfolio 11,755 11,755 8,681 8,681<br />
financial liabilities measured at fair value via profi t for the year 11,755 11,755 8,681 8,681<br />
Derivative fi nancial instruments entered into to hedge future cash fl ows<br />
Derivative fi nancial instruments entered into to hedge net investments in<br />
1,028 1,028 4,545 4,545<br />
foreign enterprises 1,293 1,293 433 433<br />
Derivative fi nancial instruments entered into to hedge fair values 120 120 136 136<br />
financial liabilities used as hedging instruments 2,441 2,441 5,114 5,114<br />
Bond loans 22,678 25,228 26,570 28,149<br />
Bank loans 17,549 18,271 11,333 11,770<br />
Other payables 12,546 12,546 12,205 12,205<br />
financial liabilities measured at amortised cost 52,773 56,045 50,108 52,124<br />
The fair value has been determined as the present value of<br />
expected future instalments and interest payments using the<br />
Group’s current interest rate on loans as discount rate.<br />
Fair value<br />
Carrying<br />
amount<br />
The nominal value of bond loans, bank overdrafts and other<br />
bank loans was DKK 40,584 million (2010: DKK 38,028<br />
million).<br />
<strong>DONG</strong> ENERGY <strong>DONG</strong> ENERGY GROUP <strong>ANNUAL</strong> <strong>REPORT</strong> <strong>2011</strong> – COnsOliDatED finanCial statEmEnts<br />
115 111<br />
Fair value<br />
notes
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