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161
ANNUAL REPORT 2011
EQUITY AND LIABILITIES
Notes
12/31/11
12/31/10
LIABILITIES
Non-current
Loans
2.13 and 16 44,331,622 46,452,224
Deferred tax liabilities
2.14 and 17 10,820,760 10,647,703
Provisions for other risks and charges
2.15 and 18
33,257
33,257
Other non-current liabilities
19
420,552
353,400
Total non-current liabilities
55,606,191 57,486,584
Current
Loans
2.13 and 16 13,313,341 15,119,384
Accounts payable to suppl. and accrued costs
20 29,712,622 29,728,072
Other current liabilities
21 14,272,220 20,550,953
Total current liabilities
57,298,183 65,398,409
Total Liabilities
112,904,374 122,884,994
Total Equity and Liabilities
227,749,580 232,217,605
The Board of Directors,