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 relating to aseptic carton filling lines deployed under contracts that are accounted for as operating leases. The contingent consideration for Scholle IPN is also part of other liabilities. Moreover, the Group’s derivative assets and liabilities are presented as part of other assets or other liabilities. The derivatives primarily relate to commodity and foreign currency derivatives but also to an interest rate swap. 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 |
|
4.3 |
|
26.3 |
Other current assets |
|
22.5 |
|
14.1 |
Other current assets |
|
26.8 |
|
40.4 |
Derivative assets |
|
8.9 |
|
– |
Other non-current assets |
|
27.0 |
|
23.9 |
Other non-current assets |
|
35.9 |
|
23.9 |
Total other current and non-current assets |
|
62.7 |
|
64.3 |
Composition of other liabilities
(In € million) |
|
As of |
|
As of |
|---|---|---|---|---|
Derivative liabilities |
|
23.4 |
|
6.3 |
Deferred revenue |
|
92.8 |
|
81.9 |
Other current liabilities |
|
116.2 |
|
88.2 |
Contingent consideration |
|
113.2 |
|
– |
Deferred revenue |
|
264.8 |
|
268.2 |
Other non-current liabilities |
|
378.0 |
|
268.2 |
Total other current and non-current liabilities |
|
494.2 |
|
356.4 |
Deferred revenue mainly relates to aseptic carton 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, generally over ten years for sale contracts and over 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 note 18).
See notes 9, 27 and 33 for details about the contingent consideration, which relates to the acquisition of Scholle IPN.