LensCrafters 2010 Annual Report Download - page 156
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ANNUAL REPORT 2010> 154 |
15. CURRENT PORTION OF LONG–TERM DEBT
This item consists of the current portion of loans granted to the Company, as further described below in Note 19 – Long–
term debt.
16. ACCOUNTS PAYABLE
Accounts payable consist of invoices received and not yet paid at the reporting date, in addition to invoices to be received,
accounted for on an accrual basis.
The balance, which is fully payable within 12 months, is detailed below:
(thousands of Euro)
As of December 31,
2010 2009
Accounts payable 399,353 308,499
Invoices to be received 138,389 126,105
Total 537,742 434,604
The carrying value of accounts payable is approximately equal to their fair value.
17. INCOME TAXES PAYABLE
The balance of income taxes payable is detailed below:
(thousands of Euro)
As of December 31,
2010 2009
Current year income taxes payable fund 77,425 27,901
Income taxes advance payment (17,358) (16,697)
Total 60,067 11,204