MOL Hungarian Oil and Gas Public Limited Company Annual report ...

MOL HUNGARIAN OIL AND GAS PUBLIC LIMITED COMPANYSupplementary Notes for the year ending on 31 December 2012Bonds issued at par valueDescriptionAmount receivedHUF millionAmount repayableHUF millionMaturityLong-term liabilities from bond issue 11,000 11,000 18.04.2014In the framework of the MOL Bond Scheme 2010-2011, MOL issued bonds of HUF 11,000,000,000 total face valueon 18 April 2011. The bonds were listed on Budapest Stock Exchange. The face value of each bond is HUF10,000, the duration is 3 years and the interest rate is fixed 7 % p.a..29. Short-term loans, creditsThe Company does not have short-term loans in 2012. The value of short-term liabilities from bond issue amountedto HUF 5,051 million in 2011.The closing balance of short-term credits amounts to HUF 30,241 million as at 31.12.2012 and HUF 71,784 millionin the previous year.30. Breakdown of short-term liabilities to related partiesHUF millionDescription 2011 2012Liabilities to subsidiaries 115,683 70,566Suppliers 43,672 36,129Short-term loans 48,541 30,698Other liabilities 23,470 3,739Liabilities to joint ventures 4,274 3,841Suppliers 4,028 3,841Other liabilities 246 0Liabilities to associated companies 5,054 3,920Suppliers 5,054 3,920Total: 125,011 78,32731. Other short-term liabilitiesHUF millionDescription 2011 2012Tax and contribution liabilities 58,233 48,204Of which: VAT 34,142 33,602Excise duty 16,863 12,253Energy companies’ extra tax 3,556 1,259Liabilities to employees 1,906 2,291Liabilities from joint operation 964 2,21356