23. Trade and other liabilities
Financial statements
|
31 December |
|
(thousands of €) |
2017 |
2016 |
Trade and other payables |
47,122 |
31,209 |
Other current liabilities |
– |
60 |
Other non-current liabilities |
1,597 |
2,469 |
Accrued charges |
1,159 |
619 |
Total trade and other liabilities |
49,878 |
34,357 |
Our trade and other liabilities, amounting to €49.9 million as of 31 December 2017, increased by €15.5 million compared to the €34.4 million reported as of 31 December 2016.
The trade and other payables, amounting to €47.1 million as of 31 December 2017, increased by €15.9 million compared to the €31.2 million reported as of 31 December 2016. This increase is mainly due to higher accrued trade payables on 31 December 2017, reflecting the intensification of our investments in our R&D programs.