WindarPhotonics AnnualReport 2018 All - Flipbook - Page 70
Notes to the Financial Statements
continued
23. Trade and other payables
Group
Company
As at
As at
As at
As at
31 Dec
31 Dec
31 Dec
31 Dec
2018201720182017
€€€€
Invoice discounting
Trade payables
Other payables and
accruals
Current portion of
Nordea loan
Total financial liabilities,
excluding ‘non-current’
loans and borrowings
classified as financial
liabilities measured
at amortised cost
10,735
492,822
121,208
1,045,516
-
67,691
38,720
588,456
325,675
20,000
20,000
5,240
4,579
-
-
1,097,253
1,496,978
87,691
58,720
6,716
-
-
1,503,694
87,691
58,720
1,503,694
87,691
58,720
Deferred revenue
83,169
Total trade and
other payables
1,180,422
Classified as follows:
Current Portion
1,180,422
The invoice discounting arrangement is secured upon the trade debtors to which the arrangement relates.
There is no material difference between the net book value and the fair values of current trade and other
payables due to their short-term nature.
68
Windar Photonics - Annual Report and Accounts 2018