8 Other current liabilities
|
|
2021 |
|
2020 |
|---|---|---|---|---|
|
|
|
|
|
Liabilities to subsidiaries |
|
2,347 |
|
2,308 |
Other liabilities |
|
18 |
|
86 |
Total |
|
2,365 |
|
2,394 |
The Liabilities to subsidiaries concern mainly the current account toward the DSM internal financing company. These liabilities carry a short-term maturity and are interest-bearing. The increase of this current account in 2021 is mainly caused by changing financing needs.
The carrying values of the recorded liabilities are a reasonable approximation of their respective fair values, given the short maturities of the positions. The decrease in the other liabilities relates mainly to the payment of the deferred consideration for the Erber Group acquisition. All liabilities have an estimated maturity shorter than one year.