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 as well as to interest rate swaps. See notes 25 and 33 for additional details about the Group’s derivatives.
Composition of other assets
(in € million) |
As of |
As of |
||
|---|---|---|---|---|
Derivative assets |
2.1 |
0.2 |
||
Other current assets |
20.1 |
19.0 |
||
Other current assets |
22.2 |
19.2 |
||
Other non-current assets |
29.3 |
18.3 |
||
Other non-current assets |
29.3 |
18.3 |
||
Total other current and non-current assets |
51.5 |
37.5 |
Composition of other liabilities
(in € million) |
As of |
As of |
||
|---|---|---|---|---|
Derivative liabilities |
11.1 |
18.8 |
||
Deferred revenue |
48.8 |
34.6 |
||
Other current liabilities |
59.9 |
53.4 |
||
Derivative liabilities |
2.6 |
1.2 |
||
Deferred revenue |
162.4 |
100.0 |
||
Other non-current liabilities |
165.0 |
101.2 |
||
Total other current and non-current liabilities |
224.9 |
154.6 |
Deferred revenue relates to deployment of filling lines under lease and sales 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 sales contracts and over in general six years for lease contracts.