Annual Report

34 Current liabilities (non-interest-bearing)
Notes to Group Financial Statements
HUBER+SUHNER Annual Report 2010 · Part 2
2010 2009
Trade payables 46 980 31 726
Accrual for personnel expenses 26 702 22 415
Advance payments from customers 2 347 4 838
Derivative financial instruments 468 590
Other liabilities 7 371 5 737
Total current liabilities 83 868 65 306
Other liabilities include liabilities arising from VAT and withholding tax as well as liabilities for other duties.
The carrying amounts of the Group’s trade payables are denominated in the following currencies:
2010 2009
CHF 13 172 11 136
EUR 9 613 6 588
USD 4 806 1 912
CNY 15 194 10 392
GBP 1 838 312
Other 2 357 1 386
Total trade payables 46 980 31 726
35 Provisions
Retirement
plan
obligations
Restructuring
provisions
Employee-
related
provisions
Order-related
provisions
Other
provisions
Balance at 1.1. 3 314 650 3 061 14 628 9 813 31 466
Additions 254 26 3 735 8 707 2 104 14 826
Releases – (14) (52) (3 214) (16) (3 296)
Utilisation (181) (421) (425) (4 698) (293) (6 018)
Transfer – – 5 – (5) –
Currency translation differences (388) (33) (42) (282) (135) (880)
Balance at 31.12. 2 999 208 6 283 15 141 11 468 36 098
Of which short-term – 108 3 550 8 230 8 488 20 375
Of which long-term 2 999 100 2 733 6 911 2 980 15 723
The retirement plan obligations include liabilities in connection with defined benefit plans for individual former employees.
The restructuring provisions include liabilities to third parties that are related to a detailed restructuring program in former
years.
Employee-related provisions include mainly length-of-service rewards and other obligations to employees.
Order-related provisions are directly related to services arising from product deliveries and projects and are based on
experience and estimation of the single projects. Order-related provisions concern warranties, customer claims, penalties
and other guarantees. The increase in the year under review is related to the increased business volume.
Other provisions include provisions which do not fit into the aforementioned categories such as current or possible litigation
arising from desinvestments, licence agreements or duties as well as other constructive or legal obligations.
The major part of the non-current order related provisions are expected to be used within one to two years. Due to the
nature of the non-current other provisions the timing of the cash outflows is uncertain whereas a partial cash outflow is
expected between two and three years.
Total
47