|
EUR 000 |
30 September 2022 |
30 September 2021 |
|
Trade payables |
7,201 |
7,732 |
|
Tax and social insurance contributions |
35,997 |
29,459 |
|
Other current liabilities |
4,576 |
5,918 |
|
Accruals |
10,685 |
8,707 |
|
58,459 |
51,816 |
The Group’s liquidity risk relating to trade and other payables is disclosed in Note 25.3 Liquidity risk.
Advance billings are presented under contract balances in Note 5.
Trade payables decreased mainly due to cash management decisions to pay trade payables early. Other current liabilities are at a normal level. Accruals were primarily made to cover housing expenses, charges for third-party services still to be paid, and insurance premiums; the increase of which mainly relates to third-party services. Increase in tax and social insurance contributions are related to VAT payables in line with our increase in invoicing.