26. Trade and other payables
|
Year ended 31 December, |
|
(thousands of €) |
2014 |
2013 |
Trade payables |
29,344 |
29,365 |
Other current liabilities |
663 |
|
Other non-current liabilities |
923 |
2,462 |
Accrued charges |
585 |
3,858 |
Deferred income |
27,026 |
78,979 |
Total trade and other payables |
58,541 |
114,664 |
|
|
|
Included in current liabilities |
57,618 |
112,202 |
Included in non-current liabilities |
923 |
2,462 |
Total trade and other payables |
58,541 |
114,664 |
The Group’s trade and other payables, amounting to €58.5 million as of 31 December 2014, decreased by €56.1 million compared to the €114.7 million reported as of 31 December 2013.
The trade payables amounting to €29.3 million as of 31 December 2014 remain stable compared to the €29.4 million at 31 December 2013.
The accrued charges show a decrease of €3.3 million compared to the ending balance on 31 December 2013 which can be fully explained by the sale of the service division.
Deferred income amounts to €27.0 million at 31 December 2014, which decreased by €52.0 million compared to 31 December 2013. This decrease can mainly be explained by revenues from non-refundable upfront payments recognized in the income statement for €45.8 million. For the year ended 31 December 2014, €15.0 million revenue was deferred for the filgotinib program for rheumatoid arthritis and Crohn’s disease with AbbVie, and €11.4 million was deferred for the CF program with AbbVie. The remainder, being €0.6 million, was mainly composed of discounting effects on non-current R&D incentives receivables and deferred revenues from grants.