25.1.4 Trade payables and other financial liabilities

ACCOUNTING PRINCIPLES

Liabilities

Liabilities constitute the Company’s present obligation resulting from past events whose fulfilment, according to expectations, will cause an outflow of resources containing economic benefits.

The Group recognises the following categories of liabilities:

financial liabilities measured at fair value through profit or loss,
other financial liabilities measured as at subsequent reporting dates at amortised cost,
non-financial liabilities.

If the consequences of changes in the time value of money are significant, liabilities are presented at discounted value.

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	As at December 31, 2020		As at December 31, 2019
	Long-term	Short-term	Long-term	Short-term
Trade payables	–	1,357	–	1,506
Purchase of PPE and IA	6	1,050	3	1,633
Security deposits received	30	96	21	99
Liabilities on account of LTC	395	22	432	36
Insurance	–	8	–	8
Settlements related with stock market transactions	–	856	–	269
Other	17	115	19	85
TRADE PAYABLES AND OTHER FINANCIAL LIABILITIES	448	3,504	475	3,636

The item “Other” includes, among others, liabilities of PGE Dom Maklerski S.A. to customers for cash received from them.

25.1.3 Credits, loans, bonds and leases

25.2 Fair value of financial instruments

25.1.4 Trade payables and other financial liabilities

ACCOUNTING PRINCIPLES

Liabilities

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