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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 relate to commodity and foreign currency exchange derivatives. See notes 25 and 33 for additional details about the Group’s derivatives.

Composition of other assets

(In € million)

 

As of
31 Dec. 2021

 

As of
31 Dec. 2020

Derivative assets

 

26.3

 

17.6

Other current assets

 

14.1

 

10.9

Other current assets

 

40.4

 

28.5

Other non-current assets

 

23.9

 

23.0

Other non-current assets

 

23.9

 

23.0

Total other current and non-current assets

 

64.3

 

51.5

Composition of other liabilities

(In € million)

 

As of
31 Dec. 2021

 

As of
31 Dec. 2020

Derivative liabilities

 

6.3

 

5.1

Deferred revenue

 

81.9

 

54.7

Other current liabilities

 

88.2

 

59.8

Deferred revenue

 

268.2

 

167.4

Other non-current liabilities

 

268.2

 

167.4

Total other current and non-current liabilities

 

356.4

 

227.2

Deferred revenue relates to filling lines deployed under lease and sale contracts that qualify to be accounted for as operating leases (see notes 5.5.2, 6, 12 and 18 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 at the deployment date 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. Advance payments received before the filling line deployment date are initially presented as part of “Trade and other payables” and reclassified to this balance sheet position at the deployment date (see also note 18). The increase in deferred revenue since 31 December 2020 is impacted by the full consolidation of the former joint ventures in the Middle East in 2021.