22. Trade Payables and Other Liabilities
Audited information- Index
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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 note 25) |
|
–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.