FY 2012 - Investor Relations - NIS

24. OTHER SHORT-TERM LIABILITIES31 December 2012 31 December 2011Liabilities for unpaid wages and salaries, gross 1,517,017 1,663,691Liabilities for interest – domestic 350,859 354,633Liabilities for dividends 3,772,308 3,772,308Unused holiday accrual 622,441 714,42527. RAW MATERIAL AND CONSUMABLES USEDYear ended 31 December2012 2011Costs of raw materials 87,756,144 92,716,809Overheads and other costs 558,789 885,796Other fuel and energy expenses 2,101,698 1,933,66790,416,631 95,536,272Other liabilities 50,980 161,8356,313,605 6,666,89225. LIABILITIES FOR VAT, OTHER TAXES AND DEFERRED INCOME31 December 2012 31 December 2011Liabilities for VAT 514,867 1,161,309Liabilities for excise 2,563,776 2,421,670Liabilities for taxes and custom duties 4,434,531 1,770,64428. DEPRECIATION, AMORTISATION AND PROVISIONYear ended 31 December2012 2011Depreciation expenses 6,273,791 6,655,665Provision for:- land recultivation and environmental protection(note 19)523,999 176,606- long-term incentive program (note 19) 1,042,855 -7,840,645 6,832,271Other liabilities for taxes and contributions 180,808 47,752Accrued liabilities 2,064,135 1,150,705Other accruals 2,276,828 1,535,01612,034,945 8,087,096Accrued liabilities as at 31 December 2012 amounting to RSD 2,064,135 mainly relate to estimated costs of servicesrendered but not invoiced by suppliers in the year ended 31 December 2012 (31 December 2011: RSD 1,150,705).Other accruals as at 31 December 2012 amounting to RSD 2,276,828 (31 December 2011: RSD 1,535,016) mainly relateto accrued employee bonuses of RSD 1,418,102 (31 December 2011: RSD 1,154,658)26. OTHER OPERATING INCOMEYear ended 31 December2012 2011Rental income 128,698 120,339Other operating income 55,979 177,802184,677 298,14129. EMPLOYEE BENEFITS EXPENSEYear ended 31 December2012 2011Wages and salaries (gross) 14,164,878 14,945,910Taxes and contributions on wages and salaries paid by employer 2,182,650 2,504,933Costs of special service agreements 454,538 369,894Cost of other temporary service agreements 40,184 18,004Fees paid to board of directors and general assembly board 35,216 28,545Cost for employee termination benefits 3,220,648 2,555,388Other personal expenses and benefits 1,149,784 1,321,79721,247,898 21,744,471Termination costs amounting to RSD 3,220,648 mainly relate to costs incurred in relation to voluntary leave programme.The total number of employees who accepted termination of employment in 2012 was 1,533 (2011: 1,090 employees).Year ended 31 December2012 2011Average number of employees 7,577 9,650218 • FINANCIAL STATEMENTS Annual report for 2012Annual report for 2012FINANCIAL STATEMENTS • 219