DSM Integrated Annual Report 2022

8 Other current liabilities

 

 

2022

 

2021

 

 

 

 

 

Liabilities to subsidiaries

 

2,691

 

2,347

Other liabilities

 

22

 

18

Total

 

2,713

 

2,365

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 2022 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. All liabilities have an estimated maturity shorter than one year.