Search

Note 17. Appropriations
€ million 2015 2014
Depreciation difference 56.9 72.4
Total 56.9 72.4
Note 18. Provisions
€ million 2015 2014
Other provisions 0.9 0.2
Total 0.9 0.2
Note 19. Non-current liabilities
On 10 June 2004, Kesko Corporation issued a Private Placement of USD 120 million in the US. The facility has three tranches with bullet repayments, of which the first tranch (USD 60 million) was due in 2014. The remaining two tranches will be due in 2016 (USD 36 million) and in 2019 (USD 24 million). Kesko has hedged the loan with currency and interest rate swaps, as a result of which the total loan capital is €50.2 million and the fixed capital-weighted average interest rate is 5.3%.
On 11 September 2012, Kesko Corporation issued a €250 million bond. The bond carries a fixed coupon rate of 2.75%. The bond matures after six years from issuance.
Note 20. Current liabilities
€ million 2015 2014
Liabilities to subsidiaries
Trade payables 0.2 0.1
Other payables 507.3 358.6
Accruals and deferred income 2.6 2.8
Total 510.1 361.6
Liabilities to associates
Accrued expenses 0.1 0.0
Other payables 19.0 17.5
Total 19.1 17.5
Accruals and deferred income
Staff costs 3.8 4.1
Others 41.7 14.3
Total 45.5 18.4
Note 21. Interest-free liabilities
€ million 2015 2014
Current liabilities 57.1 27.1
Non-current liabilities 7.3 5.3
Total 64.4 32.4