7.5.20Other liabilities
Other liabilities
| | 31 December 2023 | 31 December 2022 |
|---|---|---|
| Financial liabilities | | |
| Due to customers | 186 | 53 |
| Trade payables | 51 | 2 |
| | | |
| Non-financial liabilities | | |
| Deferred income | 11 | 18 |
| Short-term employee benefits | 28 | 22 |
| Other non-financial liabilities | 1,099 | 626 |
| | | |
| Total other liabilities | 1,376 | 721 |
The increase in other non-financial liabilities is mainly due to the acquisition of Aegon NL (see chapter 7.4.5). The remaining amount consists, amongst others, of payables, accruals related to investments and construction depots for housing mortgages.
There is no difference between the carrying value of other liabilities and their fair value (see chapter 7.7.1.2).
An amount of € 63 million (2022: € 18 million) of the other liabilities is expected to be settled more than one year after the balance sheet date.