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Annual Review 2012 - Luxottica

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Consolidated financial statements - NOTES<br />

| 149 ><br />

Other current liabilities<br />

As of December 31<br />

(thousands of Euro) <strong>2012</strong> 2011<br />

Premiums and discounts 4,363 1,725<br />

Sales commissions 683 904<br />

Leasing rental 24,608 23,181<br />

Insurance 9,494 9,893<br />

Sales taxes payable 28,550 31,740<br />

Salaries payable 245,583 204,481<br />

Due to social security authorities 36,997 28,678<br />

Sales commissions payable 8,569 9,733<br />

Royalties payable 2,795 2,218<br />

Derivative financial liabilities 1,196 15,824<br />

Other liabilities 172,704 148,905<br />

Total financial liabilities 535,541 477,281<br />

20. OTHER<br />

LIABILITIES<br />

Deferred income 2,883 3,626<br />

Advances from customers 45,718 47,501<br />

Other liabilities 5,516 5,393<br />

Total liabilities 54,117 56,520<br />

Total other current liabilities 589,658 533,801

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