ANNUAL REPORT 2007 | 2008 - Gimv
ANNUAL REPORT 2007 | 2008 - Gimv
ANNUAL REPORT 2007 | 2008 - Gimv
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27. PROVISIONS (IN EUR 000)<br />
Year <strong>2007</strong>-<strong>2008</strong><br />
I. PROVISIONS<br />
140 | <strong>Gimv</strong> Annual Report <strong>2007</strong>-<strong>2008</strong> | Statutory consolidation<br />
Technical warranty Provisions for litigations<br />
1. Opening balance 3 525 1 455<br />
1.1. Non - current provisions 3 525 1 455<br />
1.2. Current provisions - -<br />
2. Additional provisions made 500 1 695<br />
3. Provisions utilised (-) - -<br />
4. Provisions: unused amounts reversed -1 819 -<br />
5. Changes in consolidation scope -256 3<br />
6. Translation differences increase (decrease (-)) - -<br />
7. Effect of changes due to discounting - -<br />
8. Other increase (decrease (-)) - -<br />
9. Closing balance 1 950 3 153<br />
9.1. Non - current provisions 1 950 3 153<br />
9.2. Current provisions - -<br />
Provisions rose by EUR 8 086 as a result of a EUR 4 000 provision<br />
for the restructuring of Westerlund UK. An additional<br />
provision of EUR 1 697 has been set up for legal disputes, in<br />
particular for the Ganges Graver case.<br />
Provisions set up by the buy-outs rose by EUR 1 147. Provisions<br />
for employment benefi ts rose by EUR 1 844. These employment<br />
benefi ts relate on the one hand to potential carried interest<br />
28. FINANCIAL LIABILITIES AND TRADE AND OTHER PAYABLES (IN EUR 000)<br />
Year <strong>2007</strong>-<strong>2008</strong><br />
remuneration, which is dependent on future exit values, and<br />
on the other to the difference between the current equity value<br />
of share in and the exercise price of options issued by, the coinvestment<br />
companies.<br />
Maximum 1 year 1 to 5 years More than 5<br />
years<br />
I. Interest bearing loans and<br />
borrowings<br />
1. Loans 40 656 72 475 140 023 253 154<br />
2. Bond loans - - 36 620 36 620<br />
3. Convertible loans - - - -<br />
4. Obligations under fi nance leases - - - -<br />
5. Bank overdrafts 8 566 - - 8 566<br />
6. Other loans -1 208 - 4 699 3 491<br />
Total 48 014 72 475 181 342 301 831<br />
II. Leasing information<br />
1.1. Minimum leasing payments 4 709 14747 8 081 27537<br />
1.2. Financial cost (-) -1 441 -4 751 -2 321 -8 513<br />
Total 3 268 9 996 5 760 19024<br />
III. Trade and other payables<br />
1. Trade payables 62 109 - - 62 109<br />
2. Received advances - - - -<br />
3. Other payables 21 014 - - 21 014<br />
of which due to employees 9 568 - - 9 568<br />
Total 83 122 - - 83 122<br />
Total
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