6.2.3. TRADE AND TAX PAYABLES

Accounting policies

Short-term trade payables and liabilities under purchase of property, plant and equipment and intangible assets are initially recognised at fair value, which is equal to their nominal value, and as at the reporting date are measured at amortised cost.


Taxes, customs duties and social security payable are determined in amounts due to Group companies in accordance with applicable laws and regulations.

 

Trade and tax payables
2019
2018
Trade payables
 1,608
 1,411
Liabilities under purchase of property, plant and equipment and intangible assets
 429
 560
VAT payable
 1,008
 985
Other taxes, customs duties and social security payable
 310
 374
 
 
 
Current income tax liabilities
 132
 418
Total
 3,487
 3,748