27 INTEREST-BEARING LIABILITIES

EUR 1,000 31 Dec 2013 31 Dec 2012
Non-current

Borrowings from financial institutions 15,136 13,620

Pension loans 1,956 21,503

Finance lease liabilities 43,542 43,809

Bonds 59,836

Other non-current liabilities 715 73

61,348 138,842
Current

Borrowings from financial institutions 9,016 35,726

Pension loans 19,555 22,759

Finance lease liabilities 14,254 13,940

Bonds 59,931

Chequing accounts 17,261 5,663

Commercial papers 150,205 86,847

Liabilities of housing companies under construction 73,115 67,310

Other current liabilities 2,939 117

346,277 232,361

Most of the liabilities are denominated in the debtors functional currency. The 2012 borrowings from financial institutions include Norwegian krone denominated loans drawn down by the parent company, corresponding to EUR 20.4 milloin.

Finance lease liabilities

EUR 1,000 31 Dec 2013 31 Dec 2012
Finance lease liabilities and interest on them is due as follows


In one year or earlier 15,958 15,673

Over one year, but less than five years 39,028 39,613

Over five years 7,462 7,801

62,448 63,087

Maturity of present value of minimum leases

In one year or earlier 14,254 13,940

Over one year, but less than five years 36,283 36,402

Over five years 7,259 7,408

57,796 57,749


Accumulated future finance costs from finance lease liabilities 4,652 5,338