Accrual accounts included in trade accounts payable and other current liabilities are as follows:
| € millions | 31.12.2024 | 31.12.2023 | 31.12.2022 |
|---|---|---|---|
| Suppliers |
Suppliers 31.12.2024 184.1 |
Suppliers 31.12.2023 264.7 |
Suppliers 31.12.2022 662.4 |
| Payables related to non-current assets |
Payables related to non-current assets 31.12.2024 13.7 |
Payables related to non-current assets 31.12.2023 26.2 |
Payables related to non-current assets 31.12.2022 162.6 |
| Tax and employee-related payables, of which |
Tax and employee-related payables, of which 31.12.2024 420.6 |
Tax and employee-related payables, of which 31.12.2023 394.0 |
Tax and employee-related payables, of which 31.12.2022 498.6 |
| Provision for employee Profit Sharing |
Provision for employee Profit Sharing 31.12.2024 43.4 |
Provision for employee Profit Sharing 31.12.2023 32.3 |
Provision for employee Profit Sharing 31.12.2022 31.7 |
| Provision for incentives |
Provision for incentives 31.12.2024 107.5 |
Provision for incentives 31.12.2023 100.0 |
Provision for incentives 31.12.2022 143.8 |
| Other liabilities |
Other liabilities 31.12.2024 0.6 |
Other liabilities 31.12.2023 4.1 |
Other liabilities 31.12.2022 210.2 |
| TOTAL |
TOTAL 31.12.2024 619.0 |
TOTAL 31.12.2023 689.0 |
TOTAL 31.12.2022 1,546.3 |
The revaluation of foreign currency receivables and payables at the exchange rates prevailing at 31 December, taking account of hedging instruments, led to the recognition of the following translation adjustments:
| Assets | Liabilities | |||||
|---|---|---|---|---|---|---|
| € millions | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2024 | 31.12.2023 | 31.12.2022 |
| Financial receivables | 0.1 | 0.2 | 8.9 | 0.4 | — | — |
| Trade accounts receivable | 0.8 | 18.5 | 6.6 | 0.1 | 0.2 | 0.3 |
| Liabilities | — | — | — | — | — | 8.9 |
| Suppliers | 0.3 | — | — | — | — | — |
| Derivative financial instruments | 63.4 | 26.7 | 44.1 | 39.8 | 62.4 | 68.6 |
| TOTAL | 64.5 | 45.4 | 59.6 | 40.3 | 62.6 | 77.8 |
The overall foreign exchange position, calculated on a currency-per-currency basis at 31 December 2024, is an unrealised loss of €57.2 million recorded as a provision for unrealised foreign exchange losses (see note 17).
At 31 December 2023, the overall foreign exchange position was an unrealised loss of €35.0 million, compared with an unrealised loss of €16.0 million at 31 December 2022.
Foreign exchange derivative financial instruments can be broken down as follows:
| Notional | Market value | |||||
|---|---|---|---|---|---|---|
| € millions | 31.12.2024 | 31.12.2023 | 31.12.2022 | 31.12.2024 | 31.12.2023 | 31.12.2022 |
| Currency futures | ||||||
| Purchase of EURO against foreign currencies | ||||||
| EUR/AUD | 24.9 | 23.6 | 22.6 | 0.4 | (0.4) | 0.3 |
| EUR/BRL | 172.7 | 189.5 | 159.3 | 14.5 | (5.1) | (0.9) |
| EUR/CAD | 20.4 | 19.1 | 16.9 | (0.1) | (0.1) | 0.9 |
| EUR/CLP | 13.0 | 12.3 | 11.0 | 0.1 | 0.5 | (0.8) |
| EUR/CNY | 1,390.6 | 1,686.5 | 1,697.0 | (33.2) | 44.8 | 17.9 |
| EUR/CZK | 14.1 | 12.2 | 11.0 | — | 0.1 | (0.5) |
| EUR/DKK | 24.3 | 20.9 | 19.9 | (0.1) | — | — |
| EUR/GBP | 95.9 | 56.9 | 43.9 | (2.8) | (0.6) | 0.5 |
| EUR/IDR | 64.5 | 60.9 | 52.2 | (3.4) | 1.1 | 2.4 |
| EUR/INR | 32.9 | 13.7 | 33.5 | (2.0) | — | 1.6 |
| EUR/KRW | 68.0 | 74.2 | 73.2 | 1.3 | (0.5) | (1.5) |
| EUR/PEN | 23.3 | 24.1 | 17.3 | (1.8) | 0.4 | (0.2) |
| EUR/PHP | 14.6 | 10.9 | 7.3 | (0.4) | (0.1) | 0.1 |
| EUR/PLN | 21.4 | 22.3 | — | (0.3) | (1.2) | — |
