LensCrafters 2015 Annual Report Download - page 213

Notes to the separate financial statements as of December 31, 2015 Page 33 of 77
CURRENT LIABILITIES
15. CURRENT PORTION OF LONG-TERM DEBT
Balance at 12/31/2015 Balance at 12/31/2014
51,549,539 528,727,826
Current debt has decreased since December 31, 2014 by Euro 500,000,000 after repaying the bond issued in November
2010 and by Euro 27,211,725 after settling liabilities to Luxottica Leasing S.r.l. under the finance lease for the OPSM
trademarks.
The balance at the end of 2015 comprises Euro 17,790,000 for the loan maturing on December 23, 2016 from the
subsidiary Oakley Europe Snc, Euro 2,030,457 for the loan maturing on December 23, 2016 from the subsidiary Oakley
Schweiz Gmbh, Euro 1,983,673 for the loan maturing on December 31, 2016 from the subsidiary Mikli Japan KK, and
Euro 27 million in accrued but unpaid interest.
At December 31, 2014, the corresponding interest of Euro 18.9 million had been classified as non-current liabilities in
"Long-term debt".
16. SHORT-TERM PROVISIONS FOR RISKS AND OTHER CHARGES
Balance at 12/31/2015 Balance at 12/31/2014
13,031,719 8,279,804
All of the above balance refers to the "Provision for future licensing obligations" for advertising costs accounted for in
the current period but that the Company will incur in future years under existing contractual obligations.
17. ACCOUNTS PAYABLE
Balance at 12/31/2015 Balance at 12/31/2014
407,471,569 334,149,196
Accounts payable are stated at their nominal value, and analyzed by maturity as follows.
12/31/2015 Within
12 months
Beyond
12 months
Beyond
5 years
Total
Subsidiaries 174,677,047 - - 174,677,047
Suppliers 232,794,522 - - 232,794,522
Total 407,471,569
-
- 407,471,569