Liability Mix
DONG Energy’s current and non-current loans (including hybrid capital) as of December 2007 was DKK 25,303 million and was structured as:
| DKK million |
Dec. 2007, Actual |
| Bonds |
7,923 |
| Hybrid capital* |
8,088 |
| Mortgage loans |
1,264 |
| Leasing |
157 |
| Term bank loans |
5,759 |
| Current other bank loans |
2,112 |
* The hybrid capital receives 50% equity and 50% debt treatment from Moody’s and Standard and Poor’s. Because of the special characteristics of the securities, the hybrid capital is accounted for as equity pursuant to IAS 32.