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FINANCIAL STATEMENTS AND EXPLANATORY NOTES
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| 2012 annual report prysmian group
These are detailed as follows:
Trade payables mostly refer to charges by suppliers and
external professional consultants for organisational, legal and
IT services and charges from Group companies involved in the
receivables securitization programme.
Other payables comprise:
• social security payables relating to contributions on
employee wages and salaries and amounts payable into
supplementary pension funds;
• tax payables mainly relating to tax withheld from employees
and not yet paid to the tax authorities;
• payables to employees for accrued wages and salaries not
yet paid;
• other payables, which mainly relate to amounts due to
Group companies for the transfer of recoverable withholding
taxes (Euro 75 thousand) to the Company under the group
income tax election (art. 117 et seq of the Italian Income Tax
Code).
At 31 December 2012, the liabilities for trade payables and
other payables are all due within 12 months.
9. TRADE AND OTHER PAYABLES
The following table breaks down trade payables according to the currency in which they are expressed:
(in thousands of Euro)
31 December 2012
31 December 2011
Trade payables
27,653
23,272
Total trade payables
27,653
23,272
Other payables:
Tax and social security payables
3,919
3,766
Payables to employees
7,987
9,609
Accrued expenses
490
151
Other
1,421
1,785
Total other payables
13,817
15,311
Total
41,470
38,583
(in thousands of Euro)
31 December 2012
31 December 2011
Euro
27,097
22,927
British Pound
237
136
US Dollar
164
108
Chinese Renminbi (Yuan)
-
18
Australian Dollar
137
80
Other currencies
18
3
Total
27,653
23,272
