At 31 December 2013, other non-current liabilities totaled €16,078 thousand, representing a net decrease of €1,087 thousand over 31 December 2012.
The item consisted of the following:
|(€ thousand)||31 December 2013||31 December 2012||Change|
|Non-current post-employment benefits to be paid:|
|to a former Chief Executive Officer||3,405||3,743||(338)|
|to former employees||12,673||13,422||(749)|
|Total other non-current liabilities||16,078||17,165||(1,087)|
Non-current post-employment benefits represent the present value of future benefits (see Note 19) payable to a former CEO and management personnel that have left the Company.
A breakdown of other non-current liabilities by due date is as follows:
|(€ thousand)||31 December 2013||31 December 2012|
|Other non-current liabilities|
|due within one year||1,126||1,087|
|due after one year but within five years||4,916||4,748|
|due beyond five years||10,036||11,330|