Other non-current liabilities (other long-term employee benefit)

VVO Group has a long-term employee benefit plan covering all employees. Under the plan, an employee has a right to certain benefits after certain years of service. The resulting liability, amounting to EUR 1.5 million, has been recognized in the opening IFRS balance sheet in accordance with IAS 19 Employee Benefits.

Previously the related expense was recognized when an employee utilized the benefit.