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212
CONSOLIDATED FINANCIAL STATEMENTS
Dec/11
Dec/10
Accrued costs - Payable insurance
12,467
67,897
Accrued costs - Payable remunerations
4,800,833
4,900,057
Accrued costs - Premiums
626,641
641,029
Accrued costs - Payable interest
74,156
50,154
Accrued costs - External services
944,886
987,497
Accrued costs - Other
1,486,509
1,911,870
Total acrrued costs
7,945,492
8,558,504
total accounts payable to suppl. and accrued costs
29,712,622
29,728,072
21. OTHER CURRENT LIABILITIES
On 31 December 2011 and 2010, the item “Other current liabilities” may be broken down as follows:
22. EXTERNAL SERVICES AND SUPPLIES
External services and supplies in the year ending on 31 December 2011 and 2010 are broken down as follows:
Dec/11
Dec/10
Other creditors
(1)
4,715,744
2,422,153
State and other public entities
(2)
3,886,559
7,156,698
Deferred income
(3)
5,669,917
10,972,102
14,272,220
20,550,953
Dec/11
Dec/10
Contracts with suppliers
(1)
5,576,976
10,812,840
Franchising rights
27,645
77,423
Investment subsidy
57,827
74,392
Other
7,469
7,447
5,669,917
10,972,102
(1) includes wages processed during the month of December, paid in early January, due to the change of procedures in the payroll period (from the 26 of n-1 month
to the 25 of n month changed to 01-30 of month n), thereby fulfilling with all legal requirements of the Social Security services.
(2) balance due mainly to payable VAT amounts (1,152,971 euros), Income taxes (369,611 euros) and Social Security (1,893,464 euros).
(3) the Deferred Income item includes the following amounts:
(1) The value of contracts with suppliers corresponds to revenue obtained from suppliers in 2011 and referring to subsequent years.