Loreal 2011 Annual Report Download - page 166

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164 REGISTRATION DOCUMENT − L’ORÉAL 2011
52011 parent company Financial Statements
Notes to the parent company  nancial statements
NOTE21 Maturity of payables
€ millions
Less than 1year
More than
1year Total
Trade accounts payable 382.3 - 382.3
Other current liabilities, of which 296.4 9.5 305.9
Tax and employee-related payables 233.0 - 233.0
Payables related to non-current assets 33.5 - 33.5
Payable to Group and shareholders 6.2 - 6.2
Other payables 23.7 9.5 33.2
Accrual accounts included in trade accounts payable and other current liabilities are as follows:
€ millions
12.31.2011 12.31.2010 12.31.2009
Trade accounts payable 205.4 202.3 182.3
Payables related to non-current assets(1) 24.6 25.9 5.6
Tax and employee-related payables, of which 144.6 138.3 128.0
Provision for employee Profit Sharing 23.0 21.7 20.5
Provision for incentives 61.1 62.3 57.8
Other payables 29.1 29.1 27.1
Total 403.7 395.6 343.0
(1) Mainly concerning Essie in2010 et 2011.
Breakdown by maturity
€ millions
12.31.2011 12.31.2010 12.31.2009
Less than 1year 468.9 591.8 125.4
1 to 5years 36.7 791.4 2,705.2
More than 5years 1.2 1.3 1.3
Total 506.8 1,384.5 2,831.9
The table below shows the main changes in this caption during the 2011 financial year:
€ millions
Borrowings taken out 2,011.9
Borrowings repaid 2,973.0
Effective interest rate and average
interest rate on borrowings and debt
The effective interest rate on borrowings and debt after taking
into account hedging instruments was 3.25% in2011, 1.15%
in2010 and 1.02% in2009.
The average interest rate on borrowings and debt after taking
into account hedging instruments was 1.59% in2011, 0.97%
in2010 and 1.62% in2009.