Food Lion 2014 Annual Report Download - page 125
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DELHAIZE GROUP FINANCIAL STATEMENTS 2014 // 121
(in millions of $)
2015
2016
2017
2018
2019
Thereafter
Fair Value
Fixed rates
Senior Notes due 2016
—
9
—
—
—
—
10
Interest due
1
—
—
—
—
—
—
Bonds due 2017
—
—
450
—
—
—
497
Interest due
29
29
15
—
—
—
—
Senior Notes due 2019
—
—
—
—
300
—
314
Interest due
12
12
12
12
6
—
—
Notes due 2027
—
—
—
—
—
71
89
Interest due
6
6
6
6
6
43
—
Debentures due 2031
—
—
—
—
—
271
367
Interest due
24
24
24
24
24
281
—
Senior Notes due 2040
—
—
—
—
—
827
878
Interest due
47
47
47
47
47
990
—
Mortgage payable
—
1
—
—
—
—
1
Interest due
—
—
—
—
—
—
—
Other debt
1
—
1
—
—
19
22
Interest due
1
1
1
1
1
8
—
Total $ cash flows
121
129
556
90
384
2 510
2 178
Total cash flows translated
in millions of €
100
106
457
74
316
2 067
1 793
(in millions of €)
2015
2016
2017
2018
2019
Thereafter
Fair Value
Fixed rates
Retail Bond due 2018
—
—
—
400
—
—
445
Interest due
17
17
17
17
—
—
—
Senior Notes due 2020
—
—
—
—
—
400
442
Interest due
13
13
13
13
13
13
Total € cash flows
30
30
30
430
13
413
887
Total cash flows in €
130
136
487
504
329
2 480
2 680
In the event where a counterparty has a choice of when an amount is paid (e.g., on demand deposits), the liability is allocated to
the earliest period in which Delhaize Group can be required to pay. Delhaize Group is managing its liquidity risk based on
contractual maturities.
The fair values of the long-term debt (excluding finance leases, see Note 18.3) for which an active market exists have been
determined using their quoted prices (Level 1). The fair values of long-term debts that are classified as Level 2 (non-public debt
or debt for which there is no active market) have been estimated using rates publicly available for debt of similar terms and
remaining maturities offered to the Group and its subsidiaries.
(in millions of €)
Level 1
Level 2
Total
Fair value hierarchy of long-term debt
2 580
100
2 680
Collateralization
The portion of Delhaize Group’s long-term debt that was collateralized by mortgages and security charges granted or irrevocably
promised on Delhaize Group’s assets was €25 million at December 31, 2014, €22 million at December 31, 2013 and €23 million
at December 31, 2012.
At December 31, 2014, 2013 and 2012, €35 million, €35 million and €39 million, respectively, of assets were pledged as
collateral for mortgages.
(in millions of €)
2014
Property, P
lant and Equipment
9
Investment Property
17
Other
9
Total
35
Delhaize Group Annual Report 2014 • 123