14. Trade and Other Payables
|
|
At December 31, |
||||
(in thousands of $) |
|
2022 |
|
2021 |
|
2020 |
Trade payables |
|
188,721 |
|
208,850 |
|
206,325 |
Short term employee benefits |
|
84,337 |
|
83,737 |
|
68,867 |
Gross-to-net-accruals |
|
19,478 |
|
– |
|
– |
Other |
|
3,142 |
|
828 |
|
– |
Total trade and other payables |
|
295,679 |
|
293,415 |
|
275,192 |
The carrying amounts of trade and other payables approximate their respective fair values.
Trade payables correspond primarily to clinical and manufacturing activities and include accrued expenses related to these activities.
Short-term employee benefits include payables and accruals for salaries and bonuses to be paid to the employees of the Company.
As of December 31, 2022, the movement in the gross-to-net-accruals was as follows:
(in thousands of $) |
|
Rebates and chargebacks |
|
Distribution fees, |
|
Total |
Balance at January 01, 2022 |
|
– |
|
– |
|
– |
Current estimate related to the sales made in the current year |
|
35,426 |
|
10,740 |
|
46,166 |
(Credits or payments related to sales made during the year) |
|
(20,028) |
|
(6,661) |
|
(26,689) |
|
|
|
|
|
|
|
Balance at December 31, 2022 |
|
15,399 |
|
4,079 |
|
19,478 |