Annual Report Gorenje Group 2009

COMPANY - OTHER CURRENT LIABILITIES
Note 33 – Other current liabilities
19,131 TEUR
in TEUR 2009 2008
Payables to employees 8,870 6,952
Payables to state and other institutions 1,022 1,028
Payables for advances received 2,373 724
Other payables 101 609
Short-term accrued costs and expenses 6,765 6,552
Total 19,131 15,865
As at 31 December, payables to employees include:
in TEUR 2009 2008
Wages and salaries, continued pay 5,630 3,498
Payroll contributions 1,353 1,328
Payroll taxes 688 656
Other work-related earnings 141 162
Deductions from wages and salaries 1,011 1,260
Other payables 47 48
Total 8,870 6,952
Payables for advances received refer to advance payments for tools financed by the buyer of
household appliances.
Short-term accrued costs and expenses were created for accrued costs of services in the amount of
TEUR 2,961 TEUR (in 2008: TEUR 4,373), accrued interest expenses on borrowings in the amount of
TEUR 624 (in 2008: TEUR 2,018), and accrued labour costs in the amount of TEUR 3,180 referring to
unused annual leave in 2009 and provisions for restructuring to be carried out in 2010.
COMPANY - CONTINGENT LIABILITIES
Note 34 - Contingent liabilities
Contingent liabilities from loan guarantees given to financial institutions for financial burdens of its
subsidiaries in the amount of TEUR 147,510 (in 2008: TEUR 48,729), to third parties in the amount of
TEUR 1,451 (in 2008: TEUR 1,645), and to subsidiary Gorenje Beteiligungs GmbH Austria in the
amount of TEUR 15,000 are recorded in a separate account. In addition, contingent liabilities from
performance bonds and payment guarantees in the amount of TEUR 8,757 (in 2008: TEUR 20,727)
are also recorded in a separate account.
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Annual Report Gorenje Group 2009