DECLARATION BY THE PERSON RESPONSIBLE FOR THE INTERIM FINANCIAL REPORT STATUTORY AUDITORS’ REPORT ON THE INTERIM FINANCIAL STATEMENTS MANAGEMENT REPORT HALF-YEAR FINANCIAL STATEMENTS CONDENSED INTERIM CONSOLIDATED Notes to the consolidated statement of financial position 30 AXWAY - 2021 INTERIM FINANCIAL REPORT www.axway.com Current deferred income Note 17 (in thousands of euros) 30/06/2021 31/12/2020 Customer contract liabilities 72,256 54,692 Total current customer contract liabilities 72,256 54,692 Current deferred income, representing customer contract liabilities, is presented in Note 4.1 to the 2020 Universal Registration Document. Movements reflect: the recognition of prior-year deferred income in revenue; ● the transfer of prior-year non-current deferred income to ● current deferred income; the emergence of new liabilities as a result of services ● invoiced but not yet fulfilled. 2021 for this period) and the corresponding trade receivables not settled at the previous reporting date (31 December 2020) were offset in the balance sheet at 31 December 2020. There was no offset at 30 June. To avoid the overstatement of asset and liability accounts, deferred income concerning periods after 1 January (1 January The majority of current customer contract liabilities at 31 December 2020 were recognised in revenue in the first half of 2021. Compared to 31 December 2020, current deferred income increased mainly due to the reverse offsetting of deferred income at 30 June 2021. Other current liabilities Note 18 (in thousands of euros) 30/06/2021 31/12/2020 Amounts payable on non-current assets 144 276 Advances and payments on account received for orders 85 105 Employee-related liabilities 23,178 34,122 Tax payables (other than income tax) 3,696 5,840 Income tax 851 1,369 Other liabilities 2,328 2,640 Total other current liabilities 30,281 44,353 The decrease in employee-related liabilities is due to the impact of seasonality on variable compensation provided in the accounts, which is primarily based on revenue. Provisions are lower at 30 June than 31 December.
RkJQdWJsaXNoZXIy NzMxNTcx