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132 • PARENT COMPANY FINANCIAL STATEMENTS
PANDORA ANNUAL REPORT 2016
4.1
4.3
4.2
NOTES FOR THE
PARENT COMPANY
DERIVATIVE FINANCIAL INSTRUMENTS
Reference is made to note 4.5 to the consolidated
financial statements.
SHARE CAPITAL
Reference is made to note 4.1 to the consolidated
financial statements.
FINANCIAL RISKS
As a consequence of its operations, investments and
financing, PANDORA A/S is exposed to a number of
financial risks that are monitored and managed by
PANDORA’s Group Treasury.
The Company’s financial risks and the management of
these are in all material aspects identical to the disclosures
made in note 4.4 to the consolidated financial statements,
unless otherwise stated below.
Credit risk
The Company’s credit risk also includes the risk related to
receivables from subsidiaries.
Contractual maturities of financial liabilities
The table below analyses PANDORA A/S’s financial
liabilities similar to note 4.4 to the consolidated financial
statements.
Liabilities fall due as follows:
Falling due
Falling due
Falling due
DKK million
within 1 year within 1-5 years
after 5 years
Total
2016
Non-derivatives
Loans and borrowings -
3,007
-
3,007
Payables to subsidiaries
2,968
-
-
2,968
Trade payables
383
-
-
383
Other payables
83
-
-
83
Derivatives
Derivative financial instruments
256
-
-
256
Total at 31 December
3,690
3,007
-
6,697
2015
Non-derivatives
Loans and borrowings
227
2,350
-
2,577
Payables to subsidiaries
2,958
-
-
2,958
Trade payables
231
-
-
231
Other payables
78
-
-
78
Derivatives
Derivative financial instruments
214
-
-
214
Total at 31 December
3,708
2,350
-
6,058