FY 2012 - Investor Relations - NIS

21. OTHER LONG-TERM LIABILITIESLiabilities to parent company31 December 2012 31 December 201155,536,84448,745,326Finance lease liabilities 57,626 86,186Other long-term liabilities 1,208 1,210Current portion of other long-term liabilities andfinancial lease (note 22)55,595,678 48,832,722(5,325,366) (1,166,681)22. SHORT-TERM FINANCIAL LIABILITIES31 December 2012 31 December 2011Short-term loans 3,500,000 -Current portion of long-term loans (note 20) 533,466 2,274,652Current portion of finance lease (note 21) 36,144 33,069Current portion of other long-term liabilities (note 21) 5,289,222 1,133,612Other short-term liabilities 475 3,5899,359,307 3,444,92250,270,312 47,666,041(1) Liabilities to parent companyAs at 31 December 2012, other long-term liabilities to parent company amounting to RSD 55,536,844 (EUR 500,000,006)relate to borrowings from Gazprom Neft granted based on the Agreement for Sale and Purchase of shares concluded on24 December 2008. Under this agreement, Gazprom Neft shall grant loans for financing a EUR 500 million reconstructionand modernization of the technology complex programme by 31 December 2012. The stated liabilities shall be settled inquarterly instalments starting from December 2012 until 15 May 2023.(2) Finance lease liabilitiesAs at 31 December 2012, long-term finance lease liabilities of RSD 21,482 (2011: RSD 53,117) are secured by thelessor’s right on ownership over the leased asset until the finance lease has been settled.Minimum finance lease payments:31 December 2012 31 December 2011Less than one year 38,584 37,8941-5 years 21,974 56,300Future finance charges on finance leases (2,932) (8,008)Present value of finance lease liabilities 57,626 86,18623. TRADE AND OTHER PAYABLES31 December 2012 31 December 2011Advances received 953,509 872,581Trade payables:- domestic 3,084,090 2,724,233- foreign 2,257,820 6,861,872Trade payables – parents and subsidiaries 1,223,512 12,505Trade payables – other related parties 25,995,092 18,587,440Liabilities from other operations 71,443 71,956Liabilities from specific operations 336,182 328,06733,921,648 29,458,654As at 31 December 2012, payables to other related parties amounting to RSD 25,995,092 (31 December 2011: RSD18,587,440) mainly relate to liabilities to the supplier Gazprom Neft Trading, Austria for crude oil in the amount of RSD25,464,826 (31 December 2011: RSD 18,116,245).31 December 2012 31 December 2011Less than one year 36,144 33,0691-5 years 21,482 53,117Present value of finance lease liabilities 57,626 86,186216 • FINANCIAL STATEMENTS Annual report for 2012Annual report for 2012FINANCIAL STATEMENTS • 217