ONE ROOF

y Leighton. Other non-current liabilities, at EUR 185.1
million, were EUR 33.9 million down on the prior year
(2008: EUR 219 million). Deferred tax liabilities, on the
other hand, increased by EUR 17.7 million to EUR 111.5
million.
Current liabilities amounted to EUR 6.49 billion at the
end of fiscal 2009, representing a decrease of EUR
326.8 million compared with the figure as of December
31, 2008 (EUR 6.81 billion). Within the total, a significant
reduction in financial liabilities was notably countered
by increases in provisions. The EUR 452.5 million drop
in financial liabilities to EUR 795.9 million mostly resulted
from the successful refinancing of the EUR 200 million
promissory note loan dating from 2004 and the repayment
of overnight borrowing taken out at the end of the
prior year. Trade payables decreased by EUR 170.1 million
to EUR 4.39 billion at the end of fiscal 2009, compared
with EUR 4.56 billion at the end of the previous
year. The increase due to the larger volume of business
at Leighton was offset by substantial reductions at
Turner and the Europe division. A rise in personnelrelated
and derivatives-related obligations produced a
rise in other liabilities to EUR 381.6 million (2008: EUR
267.1 million).
❘ Information for our Shareholders ❘ ❘ Management Report ❘ ❘ Financial Statements and Notes ❘
Annual Report 2009 73