Tiscali 2012 Annual Report Download - page 97

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Annual financial report as at 31 December 2012
Date File Name Status Page
-
Annual Report as at 31
December 2012 97
The provision for risks and charges as at 31 December 2012 essentially includes provisions for
disputes with employees. During the year, the provisions for risks and charges were used mainly for
the employee reorganisation programme.
Current financial liabilities (note 30)
(EUR 000) 31 December 2012
31 December
2011
Payables to banks 15,869 23,459
Payables for financial leases (short-term) 95 581
Total 15,964 24,040
Payables to banks and to other lenders
The item “Payables to banks”, amounting to around EUR 15.9 million, essentially includes bank debts
owed by the Italian subsidiary Tiscali Italia S.p.A. (EUR 6.3 million) and Tiscali UK Holding for EUR 9.5
million (short-term portion of Senior Lender restructured loans, see note 26 for details).
Payables for financial leases
Payables for financial leases, amounting to EUR 0.1 million, refer to the short-term portion of payables
due to leasing companies for financial lease agreements. For further details, see note 26.
Payables to suppliers (note 31)
(EUR 000) 31 December 2012
31 December
2011
Payables to suppliers 128,633 152,800
Total 128,633 152,800
Payables to suppliers refer to trade payables for the supply of telephone traffic, data traffic, materials,
technology and services of a commercial nature.
Other current liabilities (note 32)
(EUR 000) 31 December 2012
31 December
2011
Accrued expenses 3,163 2,991
Deferred income 37,133 41,484
Other payables 22,450 18,320
Total 62,746 62,795
Accrued expenses refer to charges for staff and costs for professional consultancy.