Management Report and Consolidated Financial ... - Do & Co

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(13) Short-Term Financial Liabilities
in TEUR 31 March 2008 31 March 2007
Loan 0 7,172
EUR cash advances 6,100 2,500
Total 6,100 9,672
Financial liabilities existing as of the reporting date resulted from euro cash advances
taken out at various banks at an average annual interest rate of 4.6 % (previous year:
3.7 %)
There were also short-term financial liabilities in connection with borrowing to finance
the establishment of THY DO & CO kram Hizmetleri A.Ş. Interest was incurred at terms
and conditions customary for external customers.
(14) Trade Accounts Payable and Other Short-Term Liabilities
in TEUR 31 March 2008 31 March 2007
Trade accounts payable 23,482 20,125
Advance payments received on orders 5,565 876
Other liabilities 8,632 13,494
Deferred income 208 217
Total other short-term liabilities 14,404 14,587
Total 37,886 34,712
The TEUR 4,689 increase in advance payments received on orders resulted primarily
from advance payments connected to the preparation of the catering contract for the
UEFA EURO 2008.
The other liabilities with a remaining term of less than one year stem from amounts
owed to tax authorities for value-added tax and other pay-related taxes, from liabilities
to social insurance funds and from liabilities to service providers in an amount equal to
current remuneration payments. In the previous year, this item also included a loan
granted by the holder of a minority interest at a foreign subsidiary.
(15) Liabilities Directly Allocable to Non-Current Assets Held for Sale
in TEUR 31 March 2008 31 March 2007
Liabilities to banks 0 11,500
Total 0 11,500
This item contains the outstanding liabilities in connection with the transfer of the interest
in AIREST Gastronomy and Retail GmbH.