Liability mix
DONG Energy's total interest-bearing debt (including hybrid capital) as of 31 December 2011 was DKK 50.5 billion and was structured as follows:
| DKKbn |
2011 |
2010 |
| Bonds |
22.7 |
26.6 |
| Bank loans |
14.5 |
9.8 |
| Hybrid capital* |
9.5 |
8.1 |
| Repo |
1.5 |
- |
| Mortgage loans |
1.5 |
1.5 |
| Other debt |
0.7 |
0.5 |
* Due to its special characteristics, the hybrid capital is accounting-wise treated as equity according to IAS 32.