Kesko's Annual Report 2009

118 Kesko financial statements 2009
NOTE 31
Trade payables and other current
non-interest-bearing liabilities
€ million 2009 2008
Trade payables 703.5 755.6
Other current non-interest-bearing
liabilities 179.9 181.6
Tax liabilities 37.0 2.9
Accrued liabilities
Total current non-interest-bearing
217.1 245.5
liabilities 1,137.5 1,185.7
The accrued liabilities are mainly due to the timing of purchases
and staff cost.
NOTE 32
Jointly controlled assets
Jointly controlled assets
(mutual real estate companies)
These figures represent the Group's share of jointly controlled
assets and liabilities and income and profit included in the
consolidated statement of financial position and the income
statement.
€ million 2009 2008
Non-current assets 41.6 76.2
Current assets 0.3 1.5
41.9 77.8
Non-current liabilities 7.0 9.8
Current liabilities 19.3 32.8
26.3 42.6
Net assets 15.6 35.2
Income 4.7 6.0
Expenses 3.8 4.7
Profit 0.9 1.3
NOTE 33
Contingent liabilities
Commitments
€ million
Collateral given for own commitments
2009 2008
Pledges 91 40
Mortgages 21 17
Guarantees
Other commitments and contingent
23 18
liabilities 77 50
Collateral given for shareholders
Guarantees 0 0
Collateral given for others
Other commitments and contingent
liabilities 7 8
Guarantees 0 0
The guarantees given do not include guarantees related to items
presented within liabilities in the consolidated statement of
financial position or as a lease liability in note 34.
NOTE 34
Operating leases
Group as the lessee
Minimum lease payments under non-cancellable operating lease
agreements:
€ million 2009 2008
No later than 1 year 352.6 322.5
Later than 1 year and no later than 5 years 1,071.5 955.0
Later than 5 years 935.4 823.7
Total 2,359.5 2,101.1
Expected future minimum lease payments
under non-cancellable sublease agreements 57.8 61.5
Lease and sublease payments recognised
for the financial year:
Minimum lease payments 335.9 305.3
Contingent rents 0.5 0.7
Sublease income 26.3 21.8
The 2009 income statement includes net rent and maintenance
rent payments under operating leases, and other rents in a total
amount of €383.1 million (€349.9 million). The maintenance
rent payments are not included in the minimum lease payments.
Kesko leases retail and logistics premises for its operating
activities. Most of the leases are index-linked and in conformity
with local market practice.