21. Trade and other payables

	03/31/2020	03/31/2021

Trade payables	1,261.5	1,441.2
Contract liabilities	141.4	208.6
Other liabilities from taxes	91.5	115.9
Other liabilities related to social security	60.4	59.6
Other liabilities	398.7	363.5
	1,953.5¹	2,188.8

1 Given the clarification pursuant to the December 2020 IFRIC Update regarding supply chain finance, both trade payables and trade payables from reverse factoring agreements that are securitized via bills of exchange are shown in Item 22. Trade payables from bills of exchange and trade payables from reverse factoring agreements. The previous year’s figures for the affected items were adjusted retrospectively.
In millions of euros

Note 1. Revenue contains further information on contract assets and liabilities.

Annual Report 2020/21