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171
FINANCIAL STATEMENTS, MANAGEMENT AND CORPORATE GOVERNANCE REPORT.
2011
Bank borrowings relates to the amounts drawn on credit facilities granted to the Group.They bear market rate interest.
At 31 December 2011, the Group’s undrawn credit amounted to EUR 271,481 thousand, (2010: EUR 262,343 thousand).
The interest accrued on these loans in 2011 amounted to EUR 2,092 thousand, (2010: EUR 1,364 thousand).
These financial liabilities are classified in the statement of financial position as follows:
2011
2010
Other non-current liabilities (Note 17)
283
73,853
Payable to related parties (Note 25)
62,013
43,306
Accounts payable for purchases and services
191,341
230,526
Accounts payable for audiovisual rights
93,777
33,934
Other non-trade payables
93,637
132,906
441,052
514,525
There are no significant differences between the fair value and the net carrying amounts of financial assets and liabilities
at 31 December 2011 and 2010.
The maturity of the principal financial instruments is as shown in the following table (in thousands of euros):
2011
Balance
Maturities
3 months
6 months
12 months 30 months
Payable for purchases or
rendering of goods or services
191,341
190,978
341
22
-
Payables for purchases of
audiovisual rights
93,777
93,084
612
81
-
Bank borrowings
61,774
61,774
-
-
-
Payables for acquisition of assets
4,583
4,556
27
-
-
Total
351,475
350,392
980
103
-
2010
Balance
Maturities
3 months
6 months 12 months 30 months
Payable for purchases or rendering of
goods or services
230,526
225,574
4,937
15
-
Payables for purchases of audiovisual
rights
33,934
33,844
90
-
-
Bank borrowings
71,012
35,522
10,690
25,000
-
Payables for acquisition of assets
4,694
4,004
690
-
-
Total
340,166
298,744
16,407
25,015
-
The maturities of the borrowings from related parties are shown in detail in Note 25.1.
In accordance with prevailing mercantile legislation, in 2011 the Group must disclose the outstanding balances owed
to suppliers at the repor ting date that are older than the deadline provided for in Law 15/2010 of 7 July establishing
measures against late payment in commercial transactions. According to this law, payment in general must be made