10.1 Other liabilities: composition

31.12.2010

31.12.2009

- Accrued expenses and deferred income

11,128

4,383

- Due to suppliers

4,529

3,930

- Due to the Tax Office and Social Security agencies

4,272

8,266

- Sums available to customers

2,335

2,404

- Due to personnel

1,598

1,859

- Other payables

11,259

21,133

Total

35,121

41,975

Accrued expenses and deferred income largely consists of amounts of management and guarantee commissions on the receivables acquired as part of the factoring business and which are recognised on the income statement on the basis of their duration. The increase compared to the previous year is mainly due to the new operations in the pharma industrial sector.

Due to the Tax Office and Social Security agencies includes the amount of 2,025 thousand Euro of withholding tax on the interest paid to customers, in particular with regard to the online Rendimax Savings Account.

Other payables refer, for 10,997 thousand Euro, to the total of illiquid items to be credited to customers for bills whose value has not yet matured.