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34 Financial leasing payables

Financial leasing payables16,52715,912615

This item comprises the leasing payables following the accounting of leasing transactions using the financial method. The change compared with the previous year is due to the combined effect of:

  • Euro 4,902 thousand, representing an increase, following the line-by-line consolidation of Acantho Spa;
  • Euro 4,287 thousand, representing a decrease, following the payment of rentals accrued during the period.

The balance as at 31 December 2009 is shown below, broken down between the short-term and long-term portions.

 Residual amountShort-term portionLong-term portion
Financial leasing payables16,5277,1489,379
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