Liability mix
DONG Energy's total interest-bearing debt (including hybrid capital) as of 31 December 2010 was DKK 46.5 billion and was structured as:
| DKK billion |
2010 |
2009 |
| Bonds |
26,6 |
22,5 |
| Bank Loans |
9,8 |
11,2 |
| Hybrid capital* |
8,1 |
8,1 |
| Mortgage loans |
1,5 |
|
| Other |
0,5 |
0,7 |
* The hybrid capital is treated by Moody’s and Standard & Poor’s as 50% equity and 50% debt. Due to its special characteristics, the hybrid capital is accounting-wise treated as equity according to IAS 32.