(all amounts in Euro thousands)
| |
Group |
Company |
| |
2016 |
2015 |
2016 |
2015 |
| Trade payables |
148,530 |
150,580 |
23,924 |
22,726 |
| Amounts due to related parties (note 32) |
344 |
194 |
10,093 |
7,873 |
| Other payables |
15,573 |
17,776 |
4,055 |
4,228 |
| Deferred consideration for investment in joint venture (note 15) |
12,772 |
- |
- |
- |
| Accrued expenses |
54,367 |
59,745 |
750 |
4,719 |
| Social security |
3,623 |
3,350 |
2,603 |
2,378 |
| Customer down payments/advances |
18,054 |
16,947 |
445 |
670 |
| Dividends payable |
969 |
3,697 |
266 |
156 |
| Government grants (note 27) |
78 |
- |
- |
- |
| Other taxes |
12,274 |
13,019 |
2,303 |
2,454 |
| |
266,584 |
265,308 |
44,439 |
45,204 |
Other payables consists mainly of liabilities relating to transportation for cement and raw materials as well as employee benefit payables.
Terms and conditions of the above financial liabilities:
Trade payables are non-interest bearing and are normally settled in 10-180 days for the Group and the Company.
Other payables are non-interest bearing and have an average term of one month both for the Group and the Company.