Výroční zpráva\Annual Report - CETELEM ČR, as

Notes to 2006 Financial Statements
7.11. Reserves
In 2006, the accounting unit created accounting reserves of CZK 6,130 thousand for potential Company’s liabilities due to the
lease agreement and liabilities due to reimbursement of costs related to vain enforcement of debts via execution.
7.12. Liabilities
7.12.1 Short-term and long-term liabilities
(In thousand CZK)
2005 2006
Long-term liabilities
Deferred tax liabilities
Short-term liabilities
- -
Trade liabilities 34,437 19,123
Liabilities to employees, social security, health insurance and financial authority 15,305 53,492
Suspense accounts – liabilities 96,589 103,811
Other liabilities 92,737 68,316
Total 239,068 244,742
As at December 31, 2006, the Company records no liabilities overdue for more than 180 days or any other due liabilities not
specified in the balance sheet.
The liabilities to employees, social security, health insurance and financial authorities are unpaid salaries, insurance and employee
income tax advances for December 2006 due in January 2007, as well as an outstanding amount of the indirect taxes due in
January 2007.
The accounting unit uses the suspense liabilities accounts to show costs related to the current accounting period, the exact
amount of which was not known as at the date of account closing. This includes primarily unbilled services and goods (utilities,
postage, telecommunications services, database administration, etc.).
The amount of other liabilities is influenced by the difference in time between the processing of the operations related to providing
credit lines as at the account closing date (the difference in time between granting the credit lines and debiting finances from the
Company’s bank accounts for contractual vendor and client accounts). The Company has no pension liabilities.
VÝROČNÍ ZPRÁVA\ANNUAL REPORT 2006 75