21. Trade Payables and Other Liabilities

Audited information

in CHF m

 

31.12.2018

 

31.12.2017

Trade payables

 

750

 

729

Contract liabilities

 

65

 

27

Payables to associates and joint ventures

 

74

 

61

Accruals

 

203

 

229

Other liabilities

 

246

 

249

Total trade payables and other liabilities

 

1 338

 

1 295

Reclassified to non-current liabilities

 

–72

 

–79

Total current trade payables and other liabilities

 

1 266

 

1 216

The amount recognized for trade payables is equal to their fair value.

Contract liabilities are short term and will be recognized as revenues in the next reporting period.

FURTHER READING