Notes to the Consolidated Financial Statement

 

24. Non-interest bearing liabilities  

€ 000

2011

2010

Non-current

 

 

  Deferred tax liabilities

772

2,178

  Other long-term liabilities

674

0

Total

1,446

2,178

 

 

 

Current

 

 

 Accounts payable

1,961

2,353

Total

1,961

2,353

 

 

 

Other non-interest bearing current liabilities

 

 

 Advance payments received

4,585

769

 Accruals and deferred income

11,626

11,569

 Provisions

748

133

 Income tax liabilities

100

1,369

 Other liabilities

5,722

6,340

Total

22,781

20,181

Total non-interest bearing liabilities

26,189

24,712


The book value of non-interest bearing current liabilities represents a reasonable estimate of their fair value. Material items included in accrued expenses arise from the accrual of holiday pay, as well as accrued provisions for salaries and fees.