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AAK Annual Report 2015

71 NOTE 21 – BORROWINGS Group Parent Non-current 2015 2014 2015 2014 Liabilities to banks and credit institutions 2,132 2,538 - - Total 2,132 2,538 - - Group Parent Current 2015 2014 2015 2014 Liabilities to banks and credit institutions 287 89 - - Total 287 89 - - Maturity for non-current borrowing is as follows: Group Parent 2015 2014 2015 2014 Between 1 and 5 years 1,807 2,131 - - More than 5 years 325 407 - - Total 2,132 2,538 - - NOTE 22 – OTHER PROVISIONS Group Restructuring Environmental restoration Other Total Opening balance at January 1, 2014 14 28 27 69 Provisions for the year 66 - 102 168 Provisions claimed for the year -6 -4 -2 -12 Exchange differences 1 2 3 6 Closing balance as at December 31, 2014 75 26 130 231 Group Restructuring Environmental restoration Other Total Opening balance at January 1, 2015 75 26 130 231 Provisions for the year - - 47 47 Provisions claimed for the year -42 - -61 -103 Acquired through business combinations - - 38 38 Exchange differences 1 -1 -1 -1 Closing balance as at December 31, 2015 34 25 153 212 Provisions include 2015 2014 Non-current 62 68 Current 150 163 Total 212 231 Restructuring A provision for restructuring is reported when the Group has adopted a comprehensive and formal restructuring plan, and the restructuring has either been started or published. No provisions are made for future operating expenses. Environmental restoration These provisions are primarily related to restoring contaminated land. NOTE 23 – ACCRUED EXPENSES AND DEFERRED INCOME Group Parent 2015 2014 2015 2014 Employee-related expenses 242 212 31 27 Other 430 375 4 4 Total 672 587 35 31


AAK Annual Report 2015
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