Annual Report 2014
14 Accrued expenses
GROUP PARENT COMPANY
Main items of accrued expenses 2014 2013 2014 2013
Accruals relating to personnel expenses 1,851,035 1,021,873 1,102,326 1,021,873
Other 983,664 2,540 2,540
Total 2,834,699 1,024,413 1,102,326 1,024,413
Pledges and contingent liabilities
Debts secured by mortgages
on real estate GROUP PARENT COMPANY
2014 2013 2014 2013
Mortgages pledged as security 1,500,000
The Group had not taken out any loans as at the balance sheet date.
Other contingencies for own commitments
Collateral security for rent payment 18,800
GROUP PARENT COMPANY
Contingent liabilities 2014 2013 2014 2013
LEASING LIABILITIES
Falling due during the next financial year 111,230 80,428 79,364 80,428
Payable later 138,761 46,132 89,597 46,132
Total 249,991 126,560 168,960 126,560
RENTAL LIABILITIES
Falling due during the next financial year 468,029 420,930 424,937 420,930
Payable later 1,660,942 1,297,869 885,286 1,297,869
Total 2,128,971 1,718,799 1,310,223 1,718,799
OUTSTANDING COMMITMENTS AT END OF YEAR
Funds 253,114,930 269,655,170 255,479,857 273,265,660
Portfolio companies 500,005 399,997 500,005 399,997
Total 253,614,935 270,055,167 255,979,862 273,665,657

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