Annual Report 2012 - Knorr-Bremse AG.

162
Notes to the Consolidated Financial Statements
16
Liabilities
2012 TEUR 2012 TEUR 2011 TEUR
Remaining term
less than 1 year
in total
in total
Accounts payable, banks 25,707 132,915 135,394
Accounts payable, trade 470,244 471,346 514,410
Other liabilities:
Liabilities from accepted bills 700 700 6,063
Miscellaneous liabilities 88,014 89,322 126,319
(thereof for taxes) (22,626) (22,626) (51,513)
(thereof for social security) (11,940) (11,940) (11,443)
88,714 90,022 132,382
Total liabilities 584,665 694,283 782,186
(thereof with a remaining term of more
than 5 years)
(6,020) (2,075)
17
Contingencies and miscellaneous financial commitments
2012 TEUR 2011 TEUR
Warranties 9,025 8,262
Guarantees 14,643 14,332
Leasing commitments 210,230 190,669
The Knorr-Bremse Group has entered into leasing contracts primarily for office buildings and production
facilities in which the leased asset is assignable to the lessor. These off-balance-sheet leasing transactions
represent an alternative form of finance to borrowing. Commitments associated with these
leasing agreements are carried under Miscellaneous financial commitments and amount to TEUR
210,230; maturities range from one year or less (TEUR 32,236), to between one and five years (TEUR
93,141), to over five years (TEUR 84,853). The agreements do not include any unusual termination or
renewal options.
Thanks to the risk management system in place, the risk of a claim arising on contingent liabilities is
rated as minimal.
18
Other operating income
Other operating income consists primarily of gains on currency exchange, income from the reversal of
accruals, income from disposals of fixed assets and rental income. The heading also carries gains on currency
differences amounting to TEUR 40,052 (2011: TEUR 65,237)
Income relating to other accounting periods in the amount of TEUR 30,362 (2011: 42,531), generated
primarily from the reversal of accruals, is also shown under Other operating income.