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Annual Report & Accounts 2012 - NOTES
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GVC HOLDINGS PLC NOTES TO THE FINANCIAL STATEMENTS 14. TRADE AND OTHER PAYABLES 2012 2011 €000's €000's Balances with customers 1,712 2,192 Short term loan* - 2,924 Other trade payables 13,777 7,099 Total trade payables 15,489 12,215 Accruals 3,493 3,711 18,982 15,926 *provided by Sportingbet plc as part of the transaction with East Pioneer Corporation, the loan was interest free and repaid on the 31 May 2012. 15. OTHER TAXATION PAYABLE 2012 2011 €000's €000's Social security and other similar taxes 186 276 Value added taxes - 18 Betting taxes and similar - 36 186 330 16. COMMITMENTS UNDER OPERATING LEASES The Group leases various offices under non-cancellable operating leases. The leases have varying terms, escalation clauses and renewal rights. The future minimum lease payments under non-cancellable leases are as follows: 2012 2011 €000's €000's No later than one year 192 237 Later than one year and no later than five years 234 354 426 591 45