DSM Integrated Annual Report 2020

9 Other current liabilities

 

 

2020

 

2019

 

 

 

 

 

Liabilities to subsidiaries

 

2,308

 

1,333

Other liabilities

 

92

 

45

Total

 

2,400

 

1,378

The Liabilities to subsidiaries concerns mainly the current account towards the DSM internal financing company. These liabilities carry a short-term maturity and are interest-bearing. The increase of this current account in 2020 is mainly caused by capital payments, dividend payments, repurchase of own shares, offset by dividend receipts from subsidiaries. The carrying values of the recorded liabilities are a reasonable approximation of their respective fair values, given the short maturities of the positions.