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Annual Statements

Financial reporting

Price winner 2012 in the category non-listed

Home Annual Statements Financial Statements 2012 Notes to the consolidated financial statements Notes to the consolidated balance sheet Trade and other payables

38. Trade and other payables

(in thousands of euros)

2012

2011

Trade payables

108,379

95,767

Payable to shareholders and associates

-

7

Payable in respect of wage tax and social security contributions

6,859

4,803

Payable in respect of pensions

2,545

2,186

Interest payable

58,902

58,735

Liability to Stichting Mainport en Groen

-

2,150

Accruals

86,256

95,934

Settlement airport charges 2011

-

15,100

Deferred income

39,729

39,030

Purchased long leases

1,801

1,643

Lease incentives

3,974

657

Other payables

40,427

88,445

348,872

404,457

The higher result on the regulated Aviation and Security segments for the financial year 2011 was EUR 15.1 million and this was credited during 2012.

The collateral of approximately EUR 27.0 million paid up under the cash collateral agreement with JPMorgan was recognised under ‘other payables’ at 31 December 2012 (31 December 2011: EUR 77.6 million).

Schiphol Group made EUR 8.5 million available to Stichting Mainport en Groen. This amount was charged to the 2006 financial year. When this amount was promised in 1996, it was agreed that payment would take place on the basis of more detailed plans. At 31 December 2011, the final instalment of 25% was recognised under ‘current liabilities’. Stichting Mainport en Groen is dedicated to creating an attractive green landscape around Amsterdam Airport Schiphol.

Trade and other payables are recognised at fair value, which is usually the face value.