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18. Non-current and current liabilities

EUR 1,000 2017 2016



Non-current liabilities
Restructuring debts from financial institutions, interest-bearing 16,606 23,521
Loans from Group companies 289 425
Restructuring debts from financial institutions, non-interest bearing 3,996 4,396
Other restructuring debts, non-interest bearing 1,556 2,423
Termination benefits 301 404
Non-current liabilities total 22,748 31,170



Current liabilities
Loans from financial institutions * 1,096 400
Trade payables 3,331 2,851
Accrued liabilities and deferred income 4,317 6,296
Other liabilities 1,192 174
Total 9,935 9,721



Liabilities from Group companies:
Trade payables 8,503 5,352
Other liabilities 1,348 6
Total 9,851 5,358



Current liabilities total 19,786 15,079



Major items included in accrued liabilities and deferred income
Other accrued personnel expenses 1,300 1,594
Withholding tax accrual (note 8) 1,050 1,203
Accrued interest expenses 415 794
Accrued agent fees 326 500
Valuation of interest rate swap 128 314
Other accruals related to customer contracts 288 1,250
Other accrued liabilities and deferred income 810 640
Total 4,317 6,296



At the end of the financial period, the company had a payment programme related long-term interest bearing debt EUR 16.6 million (23.5) and EUR 1.2 (0.4) million short-term interest bearing liabilities to financial institutions.


Payments will be due in payment semi-annually at the end of June and December and the final installments will be paid in June 2025. Details can be found in the payment programme for the company in Annex 15, which is published in the Tecnotree Corporation's stock exchange release of 30 September 2016 under the title The Restructuring Programme proposal.

The liabilities above include restructuring debt as follows:



EUR 1,000 2017 2016



Restructuring debt included in trade payables 1,889 2,423
Short-term loans from financial institutions
400
Guaranteed restructuring debts from financial institutions, interest bearing 9,654 15,640
Corporate mortgage debts from financial institutions, interest bearing 7,881 7,881
Ordinary restructuring debts from financial institutions, interest-free 4,396 4,396