ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
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securities<br />
<strong>2011</strong><br />
DKK million Nominal<br />
value<br />
Carrying<br />
amount<br />
Avg. interest<br />
rate (%)<br />
Maturity<br />
2012 2013 2014 2015 2016<br />
Fixed-interest 4,929 4,968 2.94 205 559 2,125 206 1,148 725<br />
Floating-rate 3,156 3,161 1.51 1,724 397 687 - 353 -<br />
Distributable securities 8,085 8,129 1,929 956 2,812 206 1,501 725<br />
Fixed-rate securities forming part<br />
of repo transactions 1,502 1,536 2.00 - 509 - 1,027 - -<br />
Fixed-interest securities pledged as<br />
collateral in respect of insurancerelated<br />
provisions 250 249 2.60 249 - - - - -<br />
at 31 December 9,837 9,914 2,178 1,465 2,812 1,233 1,501 725<br />
2010<br />
DKK million Nominal<br />
value<br />
Carrying<br />
amount<br />
Avg. interest<br />
rate (%)<br />
Maturity<br />
<strong>2011</strong> 2012 2013 2014 2015<br />
Fixed-interest 5,551 5,569 3.20 4,014 - 502 - 483 570<br />
Floating-rate 1,896 1,901 1.43 398 1,503 - - - -<br />
Distributable securities 7,447 7,470 4,412 1,503 502 0 483 570<br />
Fixed-interest securities pledged as<br />
collateral in respect of insurancerelated<br />
provisions 150 150 4.00 150 - - - - -<br />
at 31 December 7,597 7,620 4,562 1,503 502 0 483 570<br />
In <strong>2011</strong>, <strong>DONG</strong> <strong>Energy</strong> started using genuine sale and repurchase<br />
transactions (repo transactions) in connection with the<br />
management of the Group’s ongoing cash fl ow management.<br />
After<br />
2016<br />
After<br />
2015<br />
In this connection, <strong>DONG</strong> <strong>Energy</strong> uses its bond portfolio as<br />
sales instrument.<br />
<strong>DONG</strong> ENERGY <strong>DONG</strong> ENERGY GROUP <strong>ANNUAL</strong> <strong>REPORT</strong> <strong>2011</strong> – COnsOliDatED finanCial statEmEnts<br />
113 117<br />
notes