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E
Financial
E.4
Consolidated financial statements
Trusted partner for your Digital Journey
194
Trade accounts and notes payable
Note
24
(In € million)
December
31, 2016
December
31, 2015
Trade payables and notes payable
1,970.6
1,605.5
Net advance payments
-35.1
-6.3
Prepaid expenses
-425.6
-310.5
NET ACCOUNTS PAYABLE
1,509.9
1,288.7
Number of days’ payable outstanding (DPO)
76
75
Other current liabilities
Note
25
(In € million)
December
31, 2016
December
31, 2015
Advances and down payments received on client orders
82.2
53.2
Employee-related liabilities
522.8
577.8
Social security and other employee welfare liabilities
219.0
231.6
VAT payable
378.6
350.2
Deferred income
661.0
565.7
Other operating liabilities
295.8
237.3
TOTAL
2,159.5
2,015.8
arrangement of the corresponding contract.
Other current liabilities are expected to be settled within one year, except for deferred income that is released over the particular