10 » Other Current Assets

Other current assets consist of the following:

Other current assets € in millions

 

 

Dec. 31, 2020

 

Dec. 31, 2019

Prepaid expenses

 

204

 

290

Return assets

 

340

 

305

Tax receivables other than income taxes

 

401

 

343

Contract assets

 

16

 

17

Sundry

 

41

 

125

Other current assets, gross

 

1,003

 

1,080

Less: accumulated allowances

 

(4)

 

(5)

Other current assets, net

 

999

 

1,076

Prepaid expenses mainly relate to promotion and service contracts. The increase in the line item ‘Tax receivables other than income taxes’ relates mainly to value-added tax.