|Restructuring debts from financial institutions, interest-bearing||23,521|
|Loans from Group companies||425||407|
|Restructuring debts from financial institutions, non-interest bearing||4,396|
|Other restructuring debts, non-interest bearing||2,423|
|Non-current liabilities total||31,170||799|
|Loans from financial institutions *||400||31,781|
|Accrued liabilities and deferred income||6,296||13,704|
|Liabilities from Group companies:|
|Current liabilities total||15,079||88,766|
|Major items included in accrued liabilities and deferred income|
|Other accrued personnel expenses||1,594||2,217|
|Withholding tax accrual (note 8)||1,203||5,481|
|Accrued interest expenses||794||1,923|
|Accrued agent fees||500||1,121|
|Valuation of interest rate swap||314||424|
|Other accruals related to customer contracts||1,250||1,696|
|Other accrued liabilities and deferred income||640||841|
At the end of the financial period, the company had a payment programme related long-term debt EUR 27.9 million (0.0), which consisted of interest-bearing EUR 23.5 million and EUR 4.4 million non-interest bearing liabilities to financial institutions.
The company had in accordance with the payment programme of secured interest-bearing liabilities to financial institutions EUR 23.5 million. EUR. At the end of the financial period, the company had in full use EUR 0.4 million short-term loan.
The company had according with the amended restructuring programme proposal 30 September 2016, the ordinary restructuring non-interest bearing liabilities to financial institutions EUR 8.8 million and the other external restructuring debts EUR 4.7 million. Half of these debts were write down. After write down, there were the ordinary restructuring non-interest bearing liabilities to financial institutions, EUR 4.4 million and other liabilities to the other creditors of EUR 2.5 million. In accordance with the restructuring programme, the parent company had a debt to Group companies EUR 36.7 million, which was written down in full.
The company performed at the end of December, the first payments in accordance with the payment programme to the other creditors. Ordinary restructuring debts or secured debts to financial institutions were not repaid in the fiscal year 2016.
Payments will be due in payment semi-annually at the end of June and December and the final installments will be paid in June 2025. Details can be found in the payment programme for the company in Annex 15, which is published in the Tecnotree Corporation's stock exchange release of 30 September 2016 under the title The Restructuring Programme proposal.
|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 administrator delivered his proposed restructuring program to the district court of Espoo on 30 March 2016. The liabilities above include restructuring debt as follows:|
|Restructuring debt, short-term loans from financial institutions||31,781|
|Restructuring debt included in trade payables||4,780|
|Restructuring debt included in accrued liabilities||650|
|Restructuring debt included in liabilities from Group companies||36,674|
|Short-term loans from financial institutions||400|
|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, interest-free||4,396|