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15. LONG-TERM BORROWINGS
(continued)
The redemption schedules of long-term borrowings and long-term financial lease obligations as at 31 December 2014 and 2013 are as follows:
16. OTHER PAYABLES PROVISIONS AND EXPENSE ACCRUALS
31 December 2014
31 December 2013
Current payables and expenses accruals
Accrued expenses
46,849,027
49,398,760
Advances received
41,495,884
26,791,995
Taxes and dues payable
23,379,945
26,011,621
Provision for litigation
5,617,872
5,240,556
Accruals for personnel and board of directors (BOD) premiums
18,814,465
16,029,407
Deferred income
6,778,725
13,585,761
Due to personnel (Note 34)
6,013,714
2,465,870
Due to related parties (Note 34)
9,256
678,766
Derivative financial instruments
616,534
2,736,550
Other
975,281
922,923
150,550,703
143,862,209
31 December 2014
31 December 2013
Non - current payables and expense accruals
Other long-term payables
500,003
1,273,544
Deferred income
935,989
949,088
1,435,992
2,222,632
31 December 2014
31 December 2013
Between 1-2 years
330,133,425
313,178,206
Between 2-3 years
316,220,496
281,347,863
Between 3-4 years
94,105,897
43,816,381
Between 4-5 years
47,051,411
47,280,067
More than 5 years
30,769,233
46,153,847
818,280,462
731,776,364
Currency breakdown of long-term and current portion of long-term borrowings are as follows:
Currency
USD
Currency
USD
Currency
Amount
Equivalent
Amount
Equivalent
USD
755,938,970
755,938,970
555,102,329
555,102,329
EUR
201,562,362
245,179,591
128,237,564
176,441,338
TENGE
661,449,371
3,619,422
1,416,292,389
9,178,823
GBP
-
-
179,166
295,264
TL
22,836,996
9,848,202
249,991,289
117,130,342
1,014,586,185
858,148,096
31 December 2014
31 December 2013
BORUSAN HOLDING A.Ş. AND ITS SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2014
(Currency - US Dollars (“USD”) unless otherwise indicated)