15 Liabilities

EUR million 31 Dec 2015 31 Dec 2014 *
Non-current liabilities

Bonds 100.0 100.0
Hybrid bonds 112.9 140.0
212.9 240.0

* The company has adjusted the manner in which acquisition costs in liabilities are handled. Debt is recorded on the balance sheet at nominal value and the remaining, unrecognised portion of acquisition costs has been recorded under accrued receivables. The impact of the adjustment on the company's liabilities and accrued receivables on 31 December 2014 is EUR 2.0 million. The impact of the adjustment on the change in working capital and the proceeds from long-term borrowings in the 2014 cash flow statement is EUR 1.1 milloin.


Current liabilities

Liabilities to parties outside the Group


Pension loans
2.0

Commercial papers 13.1 63.4

Trade payables 0.7 0.6

Other liabilities 13.4 9.9

Accrued liabilities 9.8 15.3

37.0 91.2




Liabilities to Group companies


Trade payables 0.0 0.0

Other liabilities 12.0 39.1

Accrued liabilities 1.5 0.0


13.6 39.1




Items included in accrued liabilities


Accrued interests 6.4 7.5

Accrued personnel expenses 2.0 4.8

Others 2.9 3.1

11.3 15.3