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.