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34 Financial leasing payables

Financial leasing payables 13,481 16,527 -3,046
Total 13,481 16,527 -3,046

This item represents the recording of payables arising from the accounting of leasing transactions using the financial method. The change compared with the previous year is due to the payment of the rentals accrued during the period and the early redemption of some contracts regarding a Group company.

The balance as at 31 December 2010 is shown below, broken down between the short-term and long-term portions.

 Residual amountShort-term portionLong-term portion
Financial leasing payables 13,481 4,599 8,882
Total 13,481 4,599 8,882
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