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Annual Statements

Home Annual Statements Financial Statements 2013 Notes to the consolidated financial statements Notes to the consolidated balance sheet Trade and other payables

36. Trade and other payables

(in thousands of euros)

2012

2011

Trade payables

102,986

108,379

Payable in respect of wage tax and social security contributions

5,624

6,859

Payable in respect of pensions

604

2,545

Interest payable

59,070

58,902

Accruals

93,996

86,256

Deferred income

42,769

39,729

Purchased long leases

90

1,801

Lease incentives

6,577

3,974

Other payables

8,192

40,427

319,908

348,872

The collateral of approximately 27.0 million euros paid up under the cash collateral agreement with JPMorgan was recognised under ‘other payables’ at 31 December 2012.

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