Notes to the Parent Company's Financial Statement

 

14. Current liabilities

€ 000 2011 2010
Interest-bearing    
   Interest-bearing liabilities 4,000 4,000
   Liabilities to Group companies    
     Borrowings 56,276 59,201
Total interest-bearing current liabilities 60,276 63,201
     
Interest-free    
Liabilities to Group companies    
Accounts payable 209 284
Accruals and deferred income 3,974 443
To others    
   Accounts payable 82 88
   Other liabilities 1,736 280
   Accruals and deferred income 808 830
Total interest-free current liabilities 6,809 1,925
Total current liabilities 67,085 65,127
     

Material items included in accrued expenses arise from the accrual of holiday pay, as well as accrued provisions for salaries and fees.