22. Trade Payables and Other Liabilities
Audited information- Index
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in CHF m |
31.12.2019 |
31.12.2018 |
||
|---|---|---|---|---|
Trade payables |
704 |
750 |
||
Contract liabilities |
73 |
65 |
||
Payables to associates and joint ventures |
54 |
74 |
||
Accruals |
199 |
203 |
||
Other liabilities |
243 |
246 |
||
Total trade payables and other liabilities |
1 273 |
1 338 |
||
Reclassified to non-current liabilities |
–68 |
–72 |
||
Reclassified to held for sale (see note 25) |
–330 |
— |
||
Total as reported in the balance sheet |
875 |
1 266 |
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.