Financial statements of JSW S.A. for 2012
22. Trade liabilities and other liabilities
31 Dec 2012
31 Dec 2011
Financial liabilities
Trade liabilities
748.1
543
Accruals and deferred income
2.8
0.6
Other liabilities of a financial nature, including:
252
357.1
– investment liabilities
220.3
323.6
– other liabilities
31.7
33.5
Total 1,002.9 900.7
Non-financial liabilities
Deferred income
83.7
85.8
Other liabilities of a non-financial nature, including:
616.6
613.1
– liabilities for social security and other taxes
369.9
376.5
– trade advances
1.1
0.5
– payroll
207.6
202.4
– other
38
33.7
Total 700.3 698.9
Total trade liabilities and other liabilities, including: 1,703.2 1,599.6
Long-term
99.4
102.9
Short-term
1,603.8
1,496.7
The deferred income item contains subsidies associated with the Company's acquisition or production of non-current assets. A subsidy is settled through the financial result over the useful life of the non-current assets funded fully or partially by the subsidy.
The Company has received subsidies under which it is obligated to use the funds received solely and exclusively for the performance of tasks specified in the relevant subsidy agreements and to meet the conditions set forth in the agreements. In the years 2011-2012, the conditions were fulfilled.
Statement of financial position Statement of comprehensive income Statement of changes in equity Cash flow statement 1.1. Name, registered office and line of business 1.2. Approval of the financial statements 1.3. Going concern assumption 2. Description of significant accounting policies applied 2.1. Basis for drawing up the financial statements 2.2. Measurement of items in foreign currencies 2.3. Property, plant and equipment 2.4. Investment property 2.5. Intangible assets 2.6. Impairment of non-financial assets 2.7. Investments in subsidiaries, associates and joint ventures 2.8. Financial assets 2.9. Derivatives 2.10. Inventories 2.11. Cash and cash equivalents 2.12. Share capital 2.13. Trade liabilities and other liabilities 2.14. Loans and borrowings 2.15. Current and deferred income tax 2.16. Employee benefits 2.17. Provisions 2.18. Subsidies 2.19. Contingent items 2.20. Revenues 2.21. Costs 2.22. Cost of external funding 2.23. Lease 2.24. Dividend payment 3.1. Financial risk factors 3.2. Capital risk management 3.3. Estimation of fair value 4. Significant accounting estimations and judgments 5.1. Employee package for eligible employees 5.2. Employee package for ineligible employees 6. Property, plant and equipment 7. Intangible assets 8. Investment property 9. Investments in subsidiaries, co-subsidiaries and associates 10. Financial instruments by type 11. Other long-term assets 12. Financial derivatives 13. Inventories 14. Trade receivables and other receivables 15. Other short-term financial assets 16. Cash and cash equivalents 17. Share capital 18. Retained earnings 19. Deferred income tax 20. Employee benefit liabilities 21. Provisions 22. Trade liabilities and other liabilities 23. Future contractual liabilities and operating lease liabilities 24. Sales revenues 25. Costs by type 26. Other income 27. Disputed property tax on underground mine workings 28. Other costs 29. Other net profits 30. Financial income and costs 31. Income tax 32. Dividends paid and proposed 33. Net cash inflows on operating activity 34. Contingent items 35. Transactions with related entities 36. Events taking place after the final day of the reporting period
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