25. Employee Payables
31 December 2011 | 31 December 2010 | |
---|---|---|
Salaries and wages payable | 333,421 | 272,408 |
Unused vacation provision | 321,724 | 241,914 |
Annual bonus provision | 291,268 | 312,945 |
946,413 | 827,267 |
Provision for annual bonuses includes bonuses and other similar payments accrued (including compulsory social security contributions) based on employees’ performance.
Return to Notes to the Consolidated Financial Statements for the year ended 31 December 2011