Note 18 Trade and other payables
|
€ million |
2024 |
2023 |
|
Trade payables |
206 |
94 |
|
Invoiced instalments on work in progress |
2 |
6 |
|
Other payables |
48 |
71 |
|
Carrying amount as at 31 December |
256 |
171 |
Other payables include €12 million owed to a company in which Alliander has a non-controlling interest (2023: €32 million).
Accruals and deferred income
At year-end 2024, accruals and deferred income came to €375 million (2023: €323 million). This item includes anticipated amounts regarding the procurement of grid losses and energy transmission (2024: €76 million; 2023: €114 million) and invoices still to be received for subcontracted work among other things (2024: €299 million; 2023: €209 million).
Tax liabilities
Tax liabilities amounted to €108 million (2023: €117 million) and include payable wage tax and VAT.