176
Consolidated Financial Statements
Dec-12 Dec-11
Accrued costs - Payable
insurance
8,596
12,467
Accrued costs - Payable
remunerations
4,533,941 4,800,833
Accrued costs -
Performance bonus
39,949 626,641
Accrued costs - Payable
interest
85,765
74,156
Accrued costs - External
services
1,977,179 944,886
Accrued costs - Other
1,980,918 1,486,509
Total acrrued costs 8,626,348 7,945,492
total accounts payable to
suppl.and accrued costs
30,609,428 29,712,622
21. OTHER CURRENT LIABILITIES
On 31st December 2012 and 2011, the item “Other cur-
rent liabilities” may be broken down as follows:
Dec-12 Dec-11
Other creditors (1)
1,639,489 4,715,744
State and other public
entities (2)
5,838,198 3,886,559
Clients advance payments
7,690
-
Deferred income (3)
3,804,105 5,669,917
11,289,482 14,272,220
(1) unlike 2012, on 2011 wages of the month of Decem-
ber, were paid in early January, due to the change of
procedures in the payroll period (from the 26 of n-1
month to the 25 of n month changed to 01-30 of month
n), thereby fulfilling with all legal requirements of the
Social Security services.
(2) balance due mainly to payable VAT amounts
(2.982.700 euros), Income taxes (449.017 euros) and So-
cial Security (1.804.014 euros).
(3) the Deferred Income item includes the following
amounts:
Dec-12 Dec-11
Contracts with suppliers (1)
3,640,231 5,576,976
Franchising rights
114,235
27,645
Investment subvention
42,170
57,827
Other
7,469
7,469
3,804,105 5,669,917
(1) the value of contracts with suppliers corresponds to
revenue obtained from suppliers in 2012 and referring
to subsequent years.
