Annual Report 2017

33. Trade and Other Payables

in thousands of EUR

Notes

31 December 2017

31 December 2016

Trade payables

198,646

180,889

Accrued expenses

93,254

108,019

Employee related payables

108,462

97,973

Other taxes and social security

68,490

76,501

Deferred income

75,862

64,266

Payables to related parties

37.1

12,713

23,414

Contingent consideration

26,690

3,756

Other payables

55,431

33,606

639,548

588,424

In 2017, the increase in contingent consideration mainly relates to the acquisition of additional shareholding in Visilab in 2018.

The carrying value is assumed to approximate the fair value due to the short-term nature.