Annual Report 2020

4.9 Other current liabilities

CHF million

31 Dec 2020

31 Dec 2019

Trade payables

409

386

Other current liabilities

213

162

Advances from customers

21

14

Total

643

562

Trade payables to suppliers who are also customers are settled with trade receivables, provided that a netting agreement has been reached with the counterparties, and payment is made on a net basis. For more information, please refer to note 3.1.

The item “Other current liabilities” includes obligations in the amount of CHF 49 million (previous year: CHF 49 million) arising from the sale of loans receivable due from Swissgrid Ltd. Note 3.3 provides further information about the transaction.

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