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20 Other assets and liabilities

Other assets mainly comprise accrued income, prepaid expenses and deferred expenditure. Other liabilities mainly comprise deferred revenue relating to advance payments received in relation to filling lines deployed under contracts that are accounted for as operating leases. The Group’s derivative assets and liabilities are also presented as part of other assets or other liabilities. The derivatives primarily relate to commodity and foreign currency exchange derivatives. Prior to the refinancing transactions in June 2020, the Group also had interest rate swaps. See notes 25 and 33 for additional details about the Group’s derivatives.

Composition of other assets

(In € million)

 

As of
31 Dec. 2020

 

As of
31 Dec. 2019

Derivative assets

 

17.6

 

2.1

Other current assets

 

10.9

 

20.1

Other current assets

 

28.5

 

22.2

Other non-current assets

 

23.0

 

29.3

Other non-current assets

 

23.0

 

29.3

Total other current and non-current assets

 

51.5

 

51.5

Composition of other liabilities

(In € million)

 

As of
31 Dec. 2020

 

As of
31 Dec. 2019

Derivative liabilities

 

5.1

 

11.1

Deferred revenue

 

54.7

 

48.8

Other current liabilities

 

59.8

 

59.9

Derivative liabilities

 

 

2.6

Deferred revenue

 

167.4

 

162.4

Other non-current liabilities

 

167.4

 

165.0

Total other current and non-current liabilities

 

227.2

 

224.9

Deferred revenue relates to deployment of filling lines under lease and sale contracts that qualify to be accounted for as operating leases (see notes 5.5.2, 6 and 12 for further details). Advance payments received under such contracts vary between contracts and customers but are recognised as a deferred revenue liability in the statement of financial position and released to profit or loss to achieve recognition of revenue on a straight-line basis over in general ten years for sale contracts and over in general six years for lease contracts.