Accounting policy
Current liabilities are measured at amortized cost, which generally corresponds to the nominal value, or at fair value through profit or loss. The latter is mainly applied to acquisition-/divestment-related liabilities.
|
|
2025 |
|
2024 |
|---|---|---|---|---|
Trade payables |
|
|
|
|
Received in advance |
|
6 |
|
5 |
Trade accounts payable |
|
1,475 |
|
2,267 |
Notes and cheques due |
|
– |
|
4 |
Total Trade payables |
|
1,481 |
|
2,276 |
|
|
|
|
|
Income tax payables |
|
303 |
|
223 |
|
|
|
|
|
Other current liabilities |
|
|
|
|
Other taxes and social security contributions |
|
56 |
|
87 |
Interest |
|
47 |
|
36 |
Pensions |
|
1 |
|
1 |
Investment creditors |
|
233 |
|
203 |
Employee-related liabilities |
|
261 |
|
454 |
Acquisition-/divestment-related liabilities |
|
57 |
|
36 |
Other |
|
11 |
|
9 |
Total Other current liabilities |
|
666 |
|
826 |
|
|
|
|
|
Total current liabilities |
|
2,450 |
|
3,325 |
Trade accounts payable include amounts due to suppliers which could be part of a supply chain finance arrangement between the supplier and a third-party bank.
Following the classification of the ANH business as held for sale, current liabilities for an amount of €931 million were reclassified accordingly at year-end 2025.
Suppliers can enter into such arrangements with third-party banks, and access earlier payment on terms linked to the investment-grade credit rating of dsm-firmenich. If a supplier participates, this does not impact classification of the trade payable, as arrangements are concluded between them and banks and do not alter payment conditions between the supplier and us. Additionally, dsm-firmenich does not incur any additional interest toward the bank on the amounts due to the suppliers. Therefore, these amounts remain classified as trade payables and the related payments are included in operating cash flows.
Following the classification of the ANH business as held for sale, the carrying amount of liabilities subject to supplier finance arrangements presented within trade and other payables decreased by €179 million.
|
|
2025 |
|
2024 |
|---|---|---|---|---|
Carrying amount of liabilities |
|
|
|
|
Presented within trade and other payables |
|
218 |
|
207 |
Presented within trade and other payables |
|
46 |
|
218 |
- Of which suppliers have received payment |
|
42 |
|
178 |
|
|
|
|
|
Range of payment due dates |
|
|
|
|
Liabilities that are part of supplier finance arrangements |
|
30–120 days after invoice date |
|
30–120 days after invoice date |
Comparable trade payables that are not part of a supplier finance arrangement |
|
0–120 days after invoice date |
|
0–120 days after invoice date |