23. Trade and other liabilities
Notes to the consolidated financial statements
CSR report
|
31 December |
|
|---|---|---|
(thousands of €) |
2019 |
2018 |
Trade and other liabilities |
142,510 |
68,038 |
Other non-current liabilities |
6,989 |
1,578 |
Accrued charges |
923 |
890 |
Total trade and other liabilities |
150,422 |
70,506 |
The increase in trade and other liabilities is mainly due to higher accrued trade liabilities on 31 December 2019, reflecting the intensification of our investments in our R&D programs, and increased cost sharing with our partner Gilead. The increase in other non-current liabilities is mainly due to a higher bonus provision caused by the increase in the Galapagos share price and RSU’s granted during 2019.