United Internet, a German Internet service provider, reports in its financial statements for the year ended 31 December 2011 the following simplified balance sheet (Source: Annual report 2011 €“ IFRS).

In the Notes to the financial statements, the detail of liabilities due to banks is provided.

Note 36 provides a detailed description of other current liabilities:

Required
1. Reconcile the figures reported for liabilities in the Notes and the figures given in the balance sheet.
2. Comment on each component of €˜Other current liabilities€™ and explain their meaning.

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Consolidated balance sheet (excerpts) in '000 As at December 31 2011 2010 ASSETS Current assets Cash and cash equivalents Trade aocounts recevable Inventories Prepaid expenses Other financial assets Other non-financial assets 64,867 96,091 106,702 97,987 16,720 16,912 43,094 36,536 83,287 24,738 3,559 318,302 275,823 3.632 Non-current assets Shares in associated companies 33,559 84,079 joint ventures Other financial assets Property, plant and equipment Intangible assets Goodwill Deferred tax asset 102,594145,274 110,922108,675 187,377 221,415 401,295402,868 32,96233,194 868,709995,505 1,187,011 1,271,328 Total assets LIABILITIES Current liabilities Trade accounts payable Liabilities due to banks Advance payments reoeived Accrued taxes Deferred revenue Other accrued iabilities Other financial liabilities Other non-financial liabilities 228,981 213,509 125, 152 178,167 7,146 21,914 43,071 138,789 138,209 5,836 51,748 45,637 19,843 13,966 597,378 645,541 9,077 1,874 Non-current liabilities Liabilities dueto banks Deferred tax labilities Other liabilities 399,441191,233 9,262 28,483 434,880243,364 1,032,258 888,905 Total liabilities Note 32 Liabilities due to banks in 000 2011 2010 Bank loans ess Current portion of labilities due- 524,593 369,400 125,152 178,167 to banks Non-current portion of 399,441191,233 liabilities due to banks Short-term loans/overcrafts Curment portion of liabilities to 125,152178,167 125,152 178,167 banks Total 524,593369,400 Note 36.1 Other current financial liabilities in 000 Marketing and selling expenses/ 2011 2010 17,330 12,461 cor Salary and social security 13,472 12,251 iabilites Liability from interest hedging Creditors with debit balances Service/maintenance/restoration 7,243 2,318 2,139 5,337 1,063 1,315 obligations Legal and consulting fees, 1,948 2,281 auditing fees Marketing campaigns Public relations Transaction costs for sales of 957 550 200 1,000 410 500 shares Purchase price liabilites Others Total 0 5,591 51,748 1,132 7,887 45,637 Note 36.2 Other current non-financial liabilities in 000 Liabilities to the tax offioe Liabilities from tax audit Total 2011 2010 11,358 8,485 19,843 13,966 10,435 3,531