ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
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notes<br />
11 Finance income<br />
DKK million <strong>2011</strong> 2010<br />
Interest income from cash, etc. 642 356<br />
Interest income and capital gains on securities at fair value 513 376<br />
Foreign exchange gains 2,815 2,531<br />
Value adjustments of derivative fi nancial instruments 1,818 137<br />
Other fi nance income 23 7<br />
finance income 5,811 3,407<br />
12 Finance costs<br />
DKK million <strong>2011</strong> 2010<br />
Interest expense relating to payables (1,921) (2,227)<br />
Transfers to assets 373 328<br />
Interest element of decommissioning obligations (176) (196)<br />
Capital loss on securities at fair value (22) (73)<br />
Foreign exchange losses (2,658) (2,677)<br />
Value adjustments of derivative fi nancial instruments (1,654) (152)<br />
Other fi nance costs (35) (5)<br />
finance costs (6,093) (5,002)<br />
Foreign exchange adjustments are recognised in revenue and<br />
cost of sales for the year with DKK 340 million (2010: DKK 253<br />
million) and in profi t for the year with DKK 497 million (2010:<br />
DKK 107 million).<br />
82 86 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><br />
Borrowing costs transferred to assets under construction were<br />
calculated at the weighted average effective interest rate for<br />
general borrowing, which was 4.42% (2010: 4.46%).
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