Note 22 - Other financial liabilities
 
2008 2007
    DKK million  DKK million  
Credit institutions 2,400  2,324 
Derivatives 246  193 
Other financial liabilities   22  21   
Other financial liabilities at December 31 2,668  2,538 
Non-current 1,576  1,724 
Current 1,092  814 
The credit institutions are payable within the following periods from the balance sheet date:
Less than 1 year 911  779 
Between 1 and 2 years 497  639 
Between 2 and 3 years   -  329 
Between 3 and 4 years   -    - 
Between 4 and 5 years 557    - 
After 5 years   435  577   
Credit institutions at December 31 2,400  2,324 
The debt is denominated in the following currencies:
CAD 15  23 
CNY 302  97 
DKK 601  1,054 
EUR 373  15 
GBP 50 
INR 88  65 
JPY 18 
SEK   - 16 
USD 1,007  973 
Other   13   
Credit institutions at December 31 2,400  2,324 
Debt to credit institutions runs to 2009–2036 at interest rates between 1.1% and 18.1%.
The interest rates on the above loans will be adjusted in 2009.
The carrying amount of credit institutions corresponds to the fair value.
See also section on Risk factors.
 
 
Analysis of time to maturity of financial liabilities
This table analyzes financial liabilities 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, 2008
Other financial liabilities 911  497  557  457 
Trade payables 630    -   -   -
Other liabilities 1,004    -   - 38 
Gross settlement of derivatives (outflow) 40  18  24    -
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)    23  15  28    -
                                       
Less Between Between After
than 1 1 and 2 2 and 5
DKK million    year years years  years  
Financial liabilities at December 31, 2007
Other financial liabilities 779  639  329  577 
Trade payables 422    -   -   -
Other liabilities 1,493    -   -   -
Gross settlement of derivatives (payments) 62  40  40 
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) 72  45  45