Notes 15-17

15. PROVISIONS
     
EUR 31 Dec 2016 31 Dec 2015
Pension commitments 67 106.84 114 375.48
Restructuring commitments 2 127 098.86 4 892 658.78
Costs related to divestments - 320 000.00
  2 194 205.70 5 327 034.26
     
 
16. NON-CURRENT LIABILITIES
     
EUR 31 Dec 2016 31 Dec 2015
Bonds 100 000 000.00 100 000 000.01
Other non-current liabilities 5 881.98 5 410.00
  100 005 881.98 100 005 410.01
     
Fair value of bond has been calculated based on prevailing market rate at the end of the reporting period and as of 31 Dec 2016 was EUR 105 792 000 (EUR 104 875 000 in 2015).
     
 
17. CURRENT LIABILITIES
     
EUR 31 Dec 2016 31 Dec 2015
Liabilities to Group companies    
Accounts payable 3 294 048.46 537 792.53
Other liabilities including cash pool 208 857 050.67 201 138 637.08
Accrued liabilities and deferred income 4 918 886.55 14 222 820.65
  217 069 985.68 215 899 250.26
Liabilities to associated companies    
Accounts payable 2 601.03 15 297.26
Other liabilities 16 001 701.65 19 328 249.96
  16 004 302.68 19 343 547.22
Liabilities to other companies    
Accounts payable 10 082 659.50 5 947 239.94
Commercial papers 50 997 275.17 50 055 803.21
Other loans 286 153.87 -
Other current liabilities 1 518 526.53 2 347 405.39
Accrued liabilities and deferred income 10 127 692.02 11 251 818.31
  73 012 307.09 69 602 266.85
     
Current liabilities, total 306 086 595.45 304 845 064.33
     
Loans and receivables and financial liabilities are held at amortized cost using the effective interest rate method. Their carrying amounts are considered to approximate their fair value, except for the fixed rate bond where carrying amount has not been adjusted to match the fair value.