2005 Annual report - Virbac

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Note B13 - Provisions
Write-backs for the year
2004 Charge for Amounts Amounts Reclassifications Translation 2005
(€ thousands) the year used not used adjustment
Commercial or staff
litigation and disputes 15 420 435
Tax disputes 114 114
Other contingencies and losses
Non-current 114 15 0 0 420 0 549
Commercial or staff
litigation and disputes -15 -420 -435
Tax disputes 0 0
Other contingencies and losses 2,869 1 2,870
Current 0 2,854 0 0 -420 1 2,435
TOTAL 114 2,869 0 0 0 1 2,984
The increase in provisions in 2005 corresponds mainly to estimated contractual sales expenses of Virbac France, which, until
2004, had been classified as trade payables (accruals for goods and services: invoices not yet received).
Note B14 - Financial liabilities
2005 2004
(€ thousands) Current Non-current Current Non-current
Bank borrowings and overdrafts 20,049 4,225 6,257 40,682
Liabilities in respect of finance
lease contracts 0 3,595 0 3,921
Employee profit sharing 0 386 0 370
Conditional advances 491 0 0 557
Derivatives 2 190 74 92
Other financial liabilities 0 0 0 381
TOTAL 20,542 8,396 6,331 46,003
Note B15 - Other payables
2005 2004
(€ thousands) Current Non-current Current Non-current
Social security liabilities 13,526 13,703
Tax liabilities 6,615 4,404
Tax payable 1,666 4,092
Advances and prepayments
received on orders 1,270 868
Current accounts - liabilities 614 463
Deferred income 6,561 6,548
Other operating liabilities 14,288 14,471 12,888 10,335
TOTAL 44,540 14,471 42,966 10,335