08 » Other Current Assets

Other current assets consist of the following:

Other current assets € in millions

 

 

Dec. 31, 2021

 

Dec. 31, 2020

Prepaid expenses

 

270

 

204

Return assets

 

294

 

340

Tax receivables other than income taxes

 

430

 

401

Contract assets

 

15

 

16

Sundry

 

58

 

41

Other current assets, gross

 

1,066

 

1,003

Less: accumulated allowances

 

(4)

 

(4)

Other current assets, net

 

1,062

 

999

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.