Merck 2008 Annual Report Download - page 117
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[27] Trade accounts payable
Trade accounts payable consist of the following:
€ million
Dec. 31,
2008
Dec. 31,
2007
Liabilities due to associates – –
Liabilities due to other affiliates 0.9 0.3
Liabilities due to third parties 842.8 646.6
843.7 646.9
Trade accounts payable include accrued amounts of € 521.0 million (2007: € 355.5
million) for outstanding invoices and accrued reductions in sales revenues.
[28] Other liabilities
This item comprises:
Other current liabilities
€ million
Dec. 31,
2008
Dec. 31,
2007
Other liabilities to associates – –
Other liabilities to other affiliates 1.6 1.5
Other liabilities to third parties 87.7 75.3
Advance payments received from customers 13.6 6.9
Liabilities to related parties 234.6 533.2
Liabilities from profit distributions 0.9 0.3
Liabilities from derivatives (operational) 8.8 1.9
Payroll liabilities 45.5 51.2
Deferred income 4.2 6.9
Accruals for personnel expenses 297.3 304.1
694.2 981.3
112 | Merck Annual Report 2008