VVO Annual Report 2014 - 11. Current liabilities

11. Current liabilities

EUR 1,000		Group 2014	Group 2013	Parent company 2014	Parent company 2013
Loans from financial institutions
	Instalments of primary loans in the next financial year		410
	Instalments of mortgages in the next financial year	759	949
	Instalments of state-subsidised loans in the next financial year	10,728	9,222
	Instalments of interest-subsidy loans in the next financial year	42,712	13,905
	Instalments of third-sector loans in the next financial year	696	361
	Instalments of market-based loans in the next financial year	28,965	34,416	429	429
	Overdraft limits
Advance payments received		5,627	5,706
Trade payables		15,058	12,996	533	661
Liabilities to Group companies
	Trade payables			45	50
	Other debts
Other debts		74,351	59,788	66,935	49,457
Accrued expenses
	Financial expenses	17,575	14,528	1,942	1,944
	Payroll including social security contributions	5,468	6,240	1,139	1,762
	Tax liabilities	12,252	5,715	1,399	886
	Construction	1,978	1,039
	Other accrued expenses	2,013	3,114
Total		218,183	168,391	72,422	55,189

On 2 January 2015, EUR 10,000 in commercial papers were issued (transaction date in December 2014), which have not been entered into the balance sheet.

Capital loans

Subordinated loan of Suomen Vuokratalot Oy, 2001

Suomen Vuokratalot Oy received a subordinated loan of EUR 2,354,630.97 from the City of Tampere in 2001, on the following loan terms: The loan shall be repaid in 20 years. The interest rate is fixed at 5.5% per annum for the first five years, and thereafter the six-month Euribor rate plus 0.75 percentage points. The loan interest will be paid only if the amount to be paid is available for profit distribution in accordance with the company’s latest confirmed balance sheet. The interest rates are accrued in the financial statements.

Suomen Vuokratalot Oy has merged with VVO Kodit Oy, and the subordinated loan was transferred to VVO Kodit Oy under the same terms and conditions.