Note 23 - Other financial liabilities
 
2011 2010
    DKK million DKK million  
Credit institutions 1,666  1,792 
Derivatives 176  54 
Other financial liabilities   20  19   
Other financial liabilities at December 31 1,862  1,865 
Non-current 1,604  1,574 
Current 258  291 
The credit institutions are payable within the following periods from the balance sheet date:
Less than 1 year 152  271 
Between 1 and 2 years 562 
Between 2 and 3 years 562 
Between 3 and 4 years 488 
Between 4 and 5 years 490 
After 5 years   454  459   
Credit institutions at December 31 1,666  1,792 
The debt is denominated in the following currencies:
CNY 46  89 
DKK 600  618 
EUR 961  966 
INR   59  119   
Credit institutions at December 31 1,666  1,792 
Debt to credit institutions runs to 2012–2029 at interest rates between 1.6% and 11.4%.
The interest rates on the above variable loans will be adjusted in 2012.
The carrying amount of credit institutions corresponds to the fair value.