4.3.27Trade and Other Payables
Trade and other payables (summary)
|
Notes |
31 December 2017 |
31 December 2016 |
|
|---|---|---|---|
|
Accruals on projects |
189 |
193 |
|
|
Trade payables |
98 |
120 |
|
|
Accruals regarding delivered orders |
60 |
206 |
|
|
Other payables |
73 |
54 |
|
|
Instalments exceeding cost incurred |
21 |
14 |
|
|
Pension taxation |
9 |
9 |
|
|
Taxation and social security costs |
52 |
36 |
|
|
Other non-trade payables |
95 |
74 |
|
|
Total |
596 |
706 |
The decrease year-on-year of accruals on delivered orders is mainly related to finalization and project close-out on FPSOs Turritella, Cidade de Marica and Cidade de Saquarema.
The contractual maturity of the trade payables is as follows:
Trade and other payables (contractual maturity of the trade payables)
|
31 December 2017 |
31 December 2016 |
||
|---|---|---|---|
|
Within 1 month |
88 |
117 |
|
|
Between 1 and 3 months |
4 |
2 |
|
|
Between 3 months and 1 year |
5 |
1 |
|
|
More than one year |
1 |
- |
|
|
Total |
98 |
120 |