27. Liabilities

Financial liabilities as at the balance sheet date were as follows:

    T 080
     
in € thousand 9/30/2015 9/30/2014
     
Non-current (with a residual terms of more than 1 year)    
Bank borrowings 463,681 257,913
Liabilities under finance leases 16,997 19,064
Derivative financial instruments of the held-for-trading category 21,626 17,287
Liabilities to related parties 950 0
Derivative financial instruments held as hedging instruments in the
context of hedge accounting
5,040 10,370
     
Non-current financial liabilities 508,294 304,634
     
     
Current (with a residual terms of less than 1 year)    
Trade accounts payable 761,409 796,848
Bank borrowings 23,506 154,128
Derivative financial instruments of the held-for-trading category 87,209 73,116
Liabilities to related parties 4,663 6,029
Liabilities under finance leases 1,916 1,789
Derivative financial instruments held as hedging instruments in the
context of hedge accounting
25,849 11,800
Other current financial liabilities 69,302 70,655
     
Current financial liabilities 973,854 1,114,365
      
Certain prior-year figures have been adjusted as at 9/30/2014 (see Changes in accounting and measurement methods due to new standards and interpretations).

The liabilities under finance leases include the present value of the lease installments and the contractually guaranteed residual values at the end of the lease term. Payments are due as follows:

                T 081
                 
  9/30/2015 9/30/2014
                 
in € thousand less than
1 year
1 to 5 years more than 5
years
Total less than
1 year
1 to
5 years
more than
5 years
Total
                 
Expected lease pay-ments 2,399 8,658 11,960 23,017 2,464 9,220 14,007 25,691
Interest portion 666 2,063 1,375 4,104 728 2,308 1,802 4,838
Redemption portion 1,733 6,595 10,585 18,913 1,736 6,912 12,205 20,853
                  
Certain prior-year figures have been adjusted as at 9/30/2014 (see Changes in accounting and measurement methods due to new standards and interpretations).

The finance leasing agreements include both extension and purchase options, as well as price adjustment clauses.

The following table shows the Aurubis Group’s contractually agreed undiscounted interest and redemption payments for non-derivative financial liabilities and the discounted net cash flows of the derivative financial instruments with negative fair values.

Payments in the amount of € 788.5 million (previous year: € 485.0 ­million) deriving from forward foreign exchange transactions with a negative fair value are matched by receipts in the amount of € 752.0 million (previous year: € 462.4 million) as at September 30, 2015. Derivatives with positive fair values qualify as assets and are therefore not included.

        T 082
         
  Payments      
         
in € thousand Carrying
amount as at
9/30/2015
up to
1 year
from
1 to 5 years
more than
5 years
         
Bank borrowings 487,187 29,193 370,278 125,124
Liabilities under finance leases 18,913 1,915 4,760 12,210
Trade accounts payable 761,409 761,409 0 0
Liabilities to related parties 5,613 4,663 950 0
Derivatives of the held-for-trading category 108,835 87,209 21,626 0
Derivatives designated as hedging instruments for hedge accounting purposes 30,889 25,850 5,039 0
Other financial liabilities 69,302 69,302 0 0
         
Total 1,482,148 979,541 402,653 137,334
        T 083
         
  Payments
         
in € thousand Carrying
amount as at
9/30/2014
up to
1 year
from
1 to 5 years
more than
5 years
         
Bank borrowings 412,042 161,964 268,022 11,788
Liabilities under finance leases 20,853 2,464 9,220 14,007
Trade accounts payable 796,848 796,848 0 0
Liabilities to related parties 6,029 6,029 0 0
Derivatives of the held-for-trading category 90,403 73,117 17,286 0
Derivatives designated as hedging instruments for hedge accounting purposes 22,170 11,800 10,370 0
Other financial liabilities 70,654 70,654 0 0
         
Total 1,418,999 1,122,876 304,898 25,795
          
Certain prior-year figures have been adjusted as at 9/30/2014 (see Changes in accounting and measurement methods due to new standards and interpretations).

This presentation does not show any plan figures but only the financial instruments that were held as at September 30, 2015 or September 30, 2014 respectively and for which contractual agreements on the payments existed. Foreign currency amounts are translated at the closing rate.

Aurubis had no bank borrowings secured by mortgages and fixed assets. Financial assets have not been pledged as collateral for bank borrowings.

Non-financial liabilities as at the balance sheet date are as follows:

    T 084
     
in € thousand 9/30/2015 9/30/2014
     
Non-current (with a residual term of more than 1 year)    
Other non-current non-financial liabilities 1,179 999
     
Non-current non-financial liabilities 1,179 999
     
     
Current (with a residual term of less than 1 year)    
Other tax liabilities 11,223 46,906
Social security obligations 15,764 22,677
Income tax liabilities 53,926 14,727
Advance payments received on orders 3,385 5,074
Other current non-financial liabilities 9,123 7,464
     
Current non-financial liabilities 93,421 96,848
      
Certain prior-year figures have been adjusted as at 9/30/2014 (see Changes in accounting and measurement methods due to new standards and interpretations).

Other tax liabilities mainly comprise VAT liabilities.