Table: Long-term debts Value as of 1 January New loans Extensions of loans Loans < 1 year transfer to short term debts Loans > income Loans paid back Balance as of 31 December
280,531 20,000 63,992 -35,430 0 0
2008
329,093
367,984 7,500 30,299 -113,907 -11,345 0
2007
280,531
13. Short-term debts
Grants obligations concern grants which have been approved but not yet paid. The increase from 2007 is due to the fact that the last grant decision making round took place at the end of December 2008. By the end of February 2009, 86% of the subsidies had been paid. ‘Funds received in advance’ have been received in 2008 but are intended for 2009.
Table: Short-term debts
Mama Cash Annual Report 2008
Grants allocated but not yet paid Other creditors Accrued liabilities Funds received in advance Tax and social security premiums Holiday entitlements and end of the year Zwitserleven, pension Loans contracted Balance as of 31 December
76
2008
990,717 84,354 130,068 136,350 53,325 69,830 17,053 35,430
287,897 133,246 136,323 0 46,623 76,902 0 113,907
2007
1,517,127
794,898
Loans contracted that will expire in 2009 have been accounted for as short-term debts. One new loan was received in 2008 while in total seven loans were extended. Two loans were paid back to the supplier of the loan.
Table: Loans contracted Value as of 1 January Additions Extensions Gifts Loans paid back Balance as of 31 December
113,907 35,430 -63,991 0 -49,916
2008
35,430
32,568 113,907 -30,299 -2,269 0
2007
113,907