27. Trade and other liabilities
x € 1 million | As at 31 December 2023 | As at 31 December 2022 |
|---|---|---|
Trade liabilities | 120 | 59 |
Accrued and other liabilities | 192 | 221 |
Contract liabilities | 25 | 23 |
VAT | 23 | - |
Pension contributions | 5 | 5 |
Total | 365 | 308 |
Trade and other liabilities increased by € 57 million compared with the previous year. The increase is mainly attributable to inflation and rising activity levels.
