|
|
|
|
|
|
|
|
Long-term liabilities |
|
Group |
|
|
Parent company |
|
|
|
|
2014 |
2013 |
|
2014 |
2013 |
|
|
|
|
|
|
|
|
Loans from financial insitutions |
|
7 |
33 |
|
0 |
0 |
Other long-term loans |
|
398 |
658 |
|
398 |
388 |
Long-term liabilities, total |
405 |
691 |
|
398 |
388 |
|
|
|
|
|
|
|
|
Liabilities due aftern five years |
|
|
|
Group |
|
|
Parent company |
|
|
|
|
2014 |
2013 |
|
2014 |
2013 |
Loans from financial institutes |
|
0 |
0 |
|
0 |
0 |
|
|
|
|
|
|
|
|
Short-term liabilities |
|
|
|
Group |
|
|
Parent company |
|
|
|
|
2014 |
2013 |
|
2014 |
2013 |
|
|
|
|
|
|
|
|
To other companies |
Loans from financial institutions |
27 |
52 |
|
0 |
0 |
Account payable |
57,703 |
60,429 |
|
33,535 |
38,099 |
Accured expenses and prepaid income |
146,666 |
130,068 |
|
98,263 |
86,187 |
Other liabilities |
31,460 |
24,390 |
|
14,876 |
6,670 |
Advances received |
20,288 |
20,016 |
|
5,988 |
9,003 |
Liabilities ot other companies, total |
256,144 |
234,954 |
|
152,661 |
139,959 |
|
|
|
|
|
|
|
|
To group companies |
Accounts payable |
|
|
0 |
0 |
|
2,939 |
2,363 |
Accured expenses and prepaid income |
|
|
0 |
0 |
|
738 |
529 |
Other liabilities |
|
|
0 |
0 |
|
52,552 |
44,924 |
Liabilities to group companies, total |
0 |
0 |
|
56,230 |
47,815 |
|
|
|
|
|
|
|
|
To associated companies |
Accounts payable |
|
|
23 |
32 |
|
23 |
32 |
|
|
|
|
|
|
|
|
Short-term liabilities, total |
256,167 |
234,986 |
|
208,915 |
187,806 |
|
|
|
|
|
|
|
|
The main item in the Group's accrued expenses and prepaid income is salaries and wages M€ 104.3 (M€ 103.7). |
|
|
|
|
|
|
|
|
|
|
|
Grouop |
|
|
Parent company |
|
|
|
|
2014 |
2013 |
|
2014 |
2013 |
|
|
|
|
|
|
|
|
Debt covered by mortgages |
|
Loans from financial institutions |
0 |
0 |
|
0 |
0 |
|
Mortgages |
7,600 |
1,500 |
|
6100 |
0 |
|
Other contingent liabilities |
144,152 |
155,661 |
|
134,903 |
141,414 |
Debt covered by mortgages, total |
151,752 |
157,161 |
|
141,003 |
141,414 |
|
|
|
|
|
|
Commitments given on |
|
|
|
|
|
|
Own behalf |
70,647 |
76,508 |
|
0 |
0 |
|
Group companies behalf |
0 |
0 |
|
59,898 |
60,761 |
|
Others behalf |
75,005 |
80,653 |
|
75,005 |
80,653 |
Commitments given, total |
145,652 |
157,161 |
|
134,903 |
141,414 |
|
|
|
|
|
|
Leasing commitments |
|
|
|
|
|
Due in next financial year |
27,978 |
20,602 |
|
16,930 |
12,279 |
Due in later financial year |
254,137 |
147,705 |
|
198,711 |
105,176 |
Leasing commitments, total |
282,115 |
168,307 |
|
215,641 |
117,455 |
|
|
|
|
|
|
|
|
Rental commitments |
|
|
|
|
|
|
|
Due in next financial year |
6,641 |
3,297 |
|
1,679 |
684 |
Due in later financial years |
8,084 |
2,987 |
|
0 |
0 |
Rental commitments, total |
14,725 |
6,284 |
|
1,679 |
684 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Group |
|
|
Parent company |
|
Interest rater swaps |
2014 |
2013 |
|
2014 |
2013 |
|
|
|
|
|
|
Value of underlying asset |
271,974 |
296,111 |
|
271,974 |
296,111 |
Market value |
-49,428 |
-14,035 |
|
-49,428 |
-14,035 |
|
The principal amount of the payment installments for leasing agreements made for rolling stock, transport equipment and working machinery are hedged with interest rate swaps of which the last mature in 2034. The value of underlying asset is given as the total sum of the principal amount of the lease payments in the leasing agreements. |
|
The market value of the interest rate swaps is t€ -49 428 at the balance sheet date. The market value is the difference between the interest rate swaps on the balance sheet date and transaction date discounted is not recorded in the financial statements. to the balance sheet date. The market value of the interest rate swaps |
|
|
Group |
|
|
Parent company |
|
Diesel oil derivatives |
2014 |
2013 |
|
2014 |
2013 |
|
|
|
|
|
|
Swap |
|
|
|
|
|
Market value |
-1,315 |
160 |
|
-1,315 |
188 |
Value of underlying assets (Metric Tons) |
6,000 |
29,360 |
|
6,000 |
27,032 |
|
|
|
|
|
|
|
|
Derivatives are used to hedge the price risk for diesel fuel. The hedging period ends in 2015. The market value of the diesel oil swaps is t€ -1 315 at the balance sheet date. The market value is determined by information at the balance sheet date. The market value of the diesel oil swaps is not recorded in the financial statements. using commonly used valuation methods based on market |
|
|
|
|
|
|
|
|
|
Group |
|
|
Parent company |
|
Electircity hedging |
2014 |
2013 |
|
2014 |
2013 |
|
|
|
|
|
|
Market value |
|
|
-9,442 |
-11,660 |
|
-9,442 |
-11,660 |
The hedged volyme (MWh) |
1,816,373 |
2,256,538 |
|
1,816,373 |
2,256,538 |
|
Derivatives are used to hedge the price risk for electricity. The market value of the electricity derivatives is not recorded in the financial statements. |
|
|
Group |
|
|
Parent company |
|
Foreign currency forwards |
2014 |
2013 |
|
2014 |
2013 |
|
|
|
|
|
|
Foreign currency swaps |
5,031 |
10,025 |
|
5,031 |
10,025 |
|
|
|
|
|
|
|
|
VR-Group has made a EUR/DKK deposit that had a value of M€ 5 at the transaction date. At the balance sheet date the value of the exchange rate changes was t€ -3.3, which has not been recorded in the financial statements. |