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22. Trade Payables and Other Liabilities

Audited information

in CHF m

 

31.12.2020

 

31.12.2019

Trade payables

 

539

 

704

Contract liabilities

 

68

 

73

Payables to associates and joint ventures

 

51

 

54

Accruals

 

164

 

199

Other liabilities

 

187

 

243

Total trade payables and other liabilities

 

1 009

 

1 273

Reclassified to non-current liabilities

 

–60

 

–68

Reclassified to held for sale (see )

 

–132

 

–330

Total as reported in the balance sheet

 

817

 

875

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.

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