23. Trade payables and other liabilities

EUR 1,000 2016 2015



Non-current non-interest bearing liabilities

Non-current liabilities to financial institutions - ordinary restructuring debts 2,423
Non-current liabilities to others - ordinary restructuring debts 4,396
Other long-term employee benefits (note 5) 1,083 1,019
Non-current non-interest bearing liabilities, total 7,902 1,019



Trade payables, provisions and other liabilities

Trade payables 4,917 6,060
Accrued liabilities and deferred income 7,832 15,045
Other liabilities 1,954 1,083
Current provisions * 495
Trade payables, provisions and other liabilities total 15,197 22,188



Accrued liabilities and deferred income
Accrued personnel expenses 2,400 3,305
Accrued agent fees 574 1,121
Withholding tax provision (note 10) 1,203 5,481
Accrued interest fees 794 1,923
Valuation of interest rate swap 314 424
Other accrued expenses related to customer projects 1,250 1,696
Other accrued liabilities and deferred income ** 1,296 1,095
Total 7,832 15,045



* Current provisions includes a provision of EUR 495 thousand due to reductions in personnel in Finland during 2016


** The other accrued liabilities and deferred income include other expense accruals.


In its decision on 9 March 2015, the district court of Espoo ordered the corporate restructuring proceedings as prescribed in law to be started for Tecnotree Corporation. The District Court of Espoo confirmed by a decision on 15 November 2016 the amended restructuring programme drafted by the supervisor Jari Salminen as the payment programme of the company. Along with the decision, the restructuring proceedings of Tecnotree Oyj came to an end. The proposal for Tecnotree’s restructuring programme was approved before the resolution of the District Court in the extraordinary general meeting on November 9, 2016.

The District Court has appointed Attorney-at-Law Jari Salminen to supervise the implementation of the restructuring programme. The supervisor monitors the progress of the payment programme and gives reports to the committee of creditors and to the creditors

More details can be found in the notes 29 “Risks and uncertainties” and 22 "Interest bearing liabilities".


EUR 1,000 2016 2015



Loans from financial institutions, current (note 22)
21,781
Credit facility to financing working capital, current (note 22)
10,000
Restructuring debt included in trade payables 2,423 4,780
Restructuring debt included in accrued liabilities
650
Guaranteed restructuring debts from financial institutions, interest-bearing 15,640
Corporate mortgage debts from financial institutions, interest-bearing 7,881
Ordinary restructuring debts from financial institutions, non-interest bearing 4,396