Accounting policy
Other liabilities are measured at amortized cost, which generally corresponds to the nominal value, or at fair value through profit and loss. The latter is mainly applied to acquisition-related liabilities.
Government grants are recognized at their fair value if there is reasonable assurance that the grant will be received and all related conditions will be complied with. Cost grants, which are grants that compensate dsm-firmenich for expenses incurred, are recognized as income over the periods necessary to match the grant on a systematic basis to the cost that it is intended to compensate. If the grant is an investment grant, its fair value is initially recognized as deferred income in Other non-current liabilities and then released to profit or loss over the expected useful life of the relevant asset.
|
|
2023 |
|
2022 |
|---|---|---|---|---|
Investment grants/customer funding |
|
70 |
|
55 |
Deferred items |
|
30 |
|
25 |
Acquisition-/divestment-related liabilities |
|
45 |
|
123 |
Other |
|
1 |
|
2 |
Total |
|
146 |
|
205 |
The change in the Other non-current liabilities includes the impact of the merger, and the settlement of an earn-out liability relating to a previous acquisition. See also Note 3 Change in the scope of the consolidation.