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Accrued expenses, deferred revenue and other liabilities
12 Months Ended
Dec. 31, 2020
Accrued expenses, deferred revenue and other liabilities  
Accrued expenses, deferred revenue and other liabilities

28. Accrued expenses, deferred revenue and other liabilities

Non-current

 

 

 

 

 

EURm

    

2020

    

2019

Deferred revenue(1)

 

460

 

615

Salaries, wages and social charges

 

45

 

45

Other

 

36

 

52

Total

 

541

 

712

 

Current

 

 

 

 

 

EURm

    

2020

    

2019

Deferred revenue(1)

 

155

 

155

Salaries, wages and social charges

 

1 362

 

1 236

VAT and other indirect taxes

 

337

 

359

Discount accruals(2)

 

747

 

385

Accrued expenses related to customer projects

 

475

 

496

Other

 

645

 

692

Total

 

3 721

 

3 323

(1)   Non-current deferred revenue of EUR 460 million (EUR 615 million in 2019) and current deferred revenue of EUR 155 million (EUR 155 million in 2019) relates to an IP licensing contract which was determined to be a completed contract as defined in the transition guidance of IFRS 15, Revenue from Contracts with Customers.

(2)   Discount accruals represent customer credits without any outstanding future performance obligations.

Other accruals include accrued logistics, research and development, IT, interest and royalty expenses, as well as various amounts that are individually insignificant.