|
EUR 000 |
30 September 2023 |
30 September 2022 |
|
Trade payables |
12,543 |
7,201 |
|
Tax and social insurance contributions |
37,874 |
35,997 |
|
Other current liabilities |
2,005 |
4,576 |
|
Accruals |
15,425 |
10,685 |
|
67,847 |
58,459 |
The Group’s liquidity risk relating to trade and other payables is disclosed in Note 24.3 Liquidity risk.
Advance billings are presented under contract balances in Note 5.
Trade payables increased mainly due to an increase of expenses towards the end of the financial year which were not yet due. 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.