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Notes to the consolidated financial statements
Notes to the consolidated financial statements
As of December 31, 2008, 2007 and 2006
25.Other non-current and current provisions and liabilities
Provisions and other non-current liabilities are comprised as follows:
| 2008 | 2007 | |
| US$ '000 | US$ '000 | |
| Non-current legal provisions (note 28) | 6,957 | 7,133 |
| Long-term portion of asset retirement obligations | 55,167 | 42,502 |
| Unpaid portion of license fees | - | 915 |
| Other | 7,884 | 5,051 |
| Total | 70,008 | 55,601 |
Included in non-current legal provisions are litigation contingencies of $3 million (2007: $4 million) that were assumed as part of the Colombia Móvil S.A. acquisition. The founding shareholders of Colombia Móvil S.A. committed to reimburse Millicom for any payments relating to these litigation contingencies. As a consequence, Millicom has booked a corresponding
Provisions and other current liabilities are comprised as follows:
| 2008 | 2007 | |
| US$ '000 | US$ '000 | |
| Deferred revenues | 79,670 | 82,932 |
| Revenue sharing in Cambodia | 21,449 | 11,960 |
| Subscriber deposits | 6,709 | 4,890 |
| Current legal provisions (note 28) | 3,006 | 3,207 |
| Asset retirement obligations | 209 | 413 |
| Unpaid portion of license fees | 1,584 | 2,745 |
| Other tax payables | 50,703 | 32,939 |
| Other(i) | 43,776 | 15,905 |
| Total | 207,106 | 154,991 |
- (i) Includes tax and other contingencies for $24 million (2007: nil) that were assumed as part of the Amnet acquisition. The former shareholders of Amnet placed in escrow $35 million to cover these contingencies. Therefore a corresponding financial asset of $24 million has been recorded within “Other current assets”.
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