G25 Other liabilities
|
2020 |
2021 |
|---|---|---|
Other non-current liabilities |
|
|
Derivatives designated as hedging instruments |
239 |
329 |
Other |
35 |
642 |
Total |
274 |
971 |
|
|
|
Other current liabilities |
|
|
Derivatives designated as hedging instruments |
233 |
280 |
Bills payable |
50 |
104 |
Contract liabilities |
2,145 |
3,425 |
Other |
1,649 |
2,497 |
Total |
4,077 |
6,306 |
Other non-current liabilities include deferred consideration regarding business combinations and liability to non-controlling interest, see note G31.
Accounting principles
Other liabilities
Other liabilities excluding derivatives are classified and subsequently measured at amortized cost.
Derivatives
Derivatives are classified at fair value through profit and loss, with the exception, of those that are designated as hedging instruments in a cash flow hedge.
Contract liabilities
A contract liability is recognized when a payment is received before the performance obligation has been satisfied.