palfinger at a glance

noteS TO THE CONSolidated FINANCIAL StatementS
conSolidated FINANCIAL StatementS FOR THE Year ENDED 31 DECEMBER 2011
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(45) CURRENT PROVISionS
The movements in current provisions are shown in the following:
Provision for guarantee and warranty expenses
Other current provisions
EUR thousand 2011 2010 2011 2010
As at 1 Jan 10,614 11,904 1,054 1,022
Change in scope
of consolidation 125 765 80 18
Allocation 2,759 3,233 491 444
Use (2,193) (4,812) (599) (284)
Reversal (22) (391) (135) (306)
Reclassifications 0 920 (95) (211)
Foreign currency
translation 13 (1,005) 194 371
As at 31 Dec 11,296 10,614 990 1,054
(46) TRADE PAYableS AND OTHER CURRENT LIABILITIES
Trade payables and other current liabilities are broken down as follows:
EUR thousand 31 Dec 2011 31 Dec 2010
Trade payables 62,417 55,945
Liabilities to associated companies 335 634
Advances received on orders 7,903 5,153
Liabilities on accepted bills of exchange 2 4
Liabilities to employees 18,139 14,635
Liabilities relating to social security and other taxes 11,794 9,902
Other liabilities 6,410 3,639
Deferred income 803 354
Total 107,803 90,266
Liabilities to employees, amounting to EUR 18,139 thousand (previous year: EUR 14,635 thousand), include
deferrals for unused vacation time, incentive bonuses and compensatory time off, as well as wage and salary
expenditures payable.
Other liabilities, totalling EUR 6,410 thousand (previous year: EUR 3,639 thousand), relate to purchase price
liabilities from acquisitions (EUR 2,900 thousand) as well as debtors with credit balances and miscellaneous
other liabilities.
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palfinger Annual Report 2011