FINANCIAL STATEMENTS 2010 - Finnlines

26. PROVISIONS
EUR 1,000 2010 2009
Non-current provisions 4,562 4,312
Current provisions 30 1,280
4,592 5,592
EUR 1,000 Tax provision Other provisions Total
1 Jan 2010 3,782 1,810 5,592
Increases in provisions 190 190
Used provisions -1,142 -48 -1,190
31 Dec 2010 2,830 1,762 4,592
EUR 1,000 Tax provision Other provisions Total
1 Jan 2009 3,334 3,874 7,208
Increases in provisions 448 35 483
Used provisions -2,099 -2,099
31 Dec 2009 3,782 1,810 5,592
Tax provisions comprise mainly latent tax provisions for differences, which arise in connection with optimisation of tonnage taxation in
Germany. Tonnage tax is recorded in income taxes in the Profit and Loss Account.
Other provisions contain, above all, dismantling provisions for buildings in the Vuosaari Harbour. Provisions have been made because
the buildings are located on leased site and, after the lease period, there is an obligation to clear the site.
27. INTEREST-BEARING LIABILITIES
2010 2009
EUR 1,000 Fair Value Carrying amount Fair Value Carrying amount
Long-term interest-bearing liabilities measured
at amortised cost
Loans from financial institutions 658,758 660,715 672,794 674,050
Pension loans 32,186 32,587 37,582 38,064
Finance lease liabilities 8,290 8,290 8,899 8,899
Instalment loans 14 14 100 100
699,248 701,606 719,374 721,112
Current interest-bearing liabilities measured
at amortised cost
Loans from financial institutions 133,830 133,830 118,973 118,973
Bank overdraft facilities 3,651 3,651
Pension loans 5,477 5,477 5,477 5,477
Finance lease liabilities 686 686 877 877
Instalment plan debts 85 85 130 130
Commercial paper programme 17,395 17,395
157,473 157,473 129,107 129,107
Total interest-bearing liabilities 856,721 859,079 848,481 850,219
(figures in EUR thousand, if not stated otherwise)
FINNLINES PLC Financial Statements 2010
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