300
Collateralization
Delhaize Group Annual Report 2014 123
(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
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
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, Plant and Equipment 9
Investment Property 17
Other 9
Total 35
