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Financial review 2009<br />
Non-current liabilities<br />
The composition as at December 31 was as follows:<br />
EUR’000<br />
2009 2008<br />
Syndicated bank loans 296,697 311,200<br />
Subordinated bank loans 218,182 199,927<br />
Finance lease liabilities 9,807 13,807<br />
Current liabilities<br />
The composition as at December 31 was as follows:<br />
EUR’000<br />
524,686 524,934<br />
2009 2008<br />
note<br />
Current portion of syndicated bank loans 11,779 10,180<br />
Current portion of finance lease liabilities 4,297 4,522<br />
Other bank loans 619 1,940<br />
16,695 16,642<br />
Bank overdrafts 4.7 1,365 10,858<br />
The terms and conditions of the outstanding loans are as follows:<br />
Currency<br />
Nominal<br />
interest<br />
rate<br />
EUR’000 %<br />
Syndicated<br />
and other<br />
bank loans<br />
Subordinated<br />
bank loans<br />
Finance lease<br />
liabilities<br />
Bank<br />
overdrafts<br />
Year of<br />
maturity<br />
Face value<br />
2009<br />
Carrying<br />
amount<br />
2009<br />
18,060 27,500<br />
Face value<br />
2008<br />
Carrying<br />
amount<br />
2008<br />
EUR 1.9-6.3 2013-2015 310,962 309,095 325,695 323,320<br />
EUR 9.9-16.4 2016-2017 187,380 218,182 187,380 199,927<br />
EUR Various Various 14,104 14,104 18,329 18,329<br />
EUR 1.0-2.0 2010 1,365 1,365 10,858 10,858<br />
Total interest-bearing liabilities 513,811 542,746 542,262 552,434
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