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financial statements 2011
65
19. Current liabilities
Liabilities to credit institutions
3 300
3 695
Accounts payable
137
195
3 437
3 889
Liabilities to Group companies
Loans
16 550
15 378
Accounts payable
9
48
Accrued liabilities and deferred income
58
52
16 617
15 479
Other current liabilities
316
543
Accrued costs
Wages, salaries and related expenses
364
375
Social insurance contribution expense provision from previous years
0
50
Interest
1
9
Long-term bonuses of management
65
113
Other
197
1
628
547
Current liabilities, total
20 998
20 458
Interest-bearing liabilities
Non-current
23 300
27 600
Current
19 850
19 073
43 150
46 673
Non-interest-bearing liabilities
Current
1 148
1 385
20. Contingent liabilities and other liabilities
Amounts to be paid from leases
Due for payment in the next financial year
51
59
Due for payment later
41
29
92
88
Guarantees given on behalf of Group companies
2 668
1 847
Off-balance sheet financial liabilities
Real estate investments
The company is obliged to review the VAT reductions made on real estate investments completed in the years
2008-2011, if the property’s taxable use decreases during the review period. The final review year is 2020. The
maximum amount of liability is EUR 269,147.71.
21. Derivative agreements
Interest rate derivatives Fair value *)
-242
-212
Underlying security
-12
-69
*) Fair value represents income or expense that would have arisen had the derivatives positions been closed out at the balance sheet date.