4.5.7Other Current Liabilities
31 December 2022 | 31 December 2021 | ||
|---|---|---|---|
Trade payables | 0 | 1 | |
Amounts owed to Group companies | - | 2 | |
Taxation and social security costs | 0 | 0 | |
Other liabilities | 7 | 8 | |
Total current liabilities | 7 | 11 |
The other current liabilities fall due in less than one year. The fair value of other current liabilities approximates the book value, due to their short-term character.
Intercompany payable from group companies outside of the cash pool balances are free of interest. As at December 31, 2022 the Company has a receivable due from SBM Holding Inc. S.A., reference is made to note 4.5.3 Other Receivables for the applicable lending conditions. In respect of repayment, no formal agreements have been made.