Note 24 - Other financial liabilities
 
2010 2009
    DKK million  DKK million  
Credit institutions 1,792  2,214 
Derivatives 54  95 
Other financial liabilities   19  19   
Other financial liabilities at December 31 1,865  2,328 
Non-current 1,574  1,696 
Current 291  632 
The credit institutions are payable within the following periods from the balance sheet date:
Less than 1 year 271  559 
Between 1 and 2 years 80 
Between 2 and 3 years 562 
Between 3 and 4 years 562 
Between 4 and 5 years 490 
After 5 years   459  1,003   
Credit institutions at December 31 1,792  2,214 
The debt is denominated in the following currencies:
CNY 89  209 
DKK 618  614 
EUR 966  966 
INR 119  89 
USD     - 336   
Credit institutions at December 31 1,792  2,214 
Debt to credit institutions runs to 2011–2029 at interest rates between 1.6% and 9.0%.
The interest rates on the above variable loans will be adjusted in 2011.
The carrying amount of credit institutions corresponds to the fair value.
 
Analysis of time to maturity of financial liabilities
This table analyzes financial liabilities settled by financial assets, including derivatives, broken down by payment periods, based on the contractual due date. The amounts are shown undiscounted, so the figures cannot be directly reconciled with the respective items in the balance sheet.
 

Less Between Between After
than 1 1 and 2 2 and 5
DKK million    year years years  years  
Financial liabilities at December 31, 2010
Other financial liabilities 271  1,057  478 
Trade payables 764 
Other payables 1,178 
Gross settlement of derivatives (outflow) 28  28  276  16 
The figures below show the inflow from the above gross settlement of derivatives, so as to provide an adequate and fair picture of the actual draw on liquidity.
Gross settlement of derivatives (inflow)    10  260 
                                       
Less Between Between After
than 1 1 and 2 2 and 5
DKK million    year years years  years  
Financial liabilities at December 31, 2009
Other financial liabilities 559  80  572  1,022 
Trade payables 531    -   -   -
Other payables 1,076    -   -   -
Gross settlement of derivatives (outflow) 35  27  45  20 
The figures below show the inflow from the above gross settlement of derivatives, so as to provide an adequate and fair picture of the actual draw on liquidity.
Gross settlement of derivatives (inflow) 13  12  20