Annual Report 2023

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Boys playing soccer in front of a goal (Photo)

08 » Other Current Assets

Other current assets consist of the following:

Other current assets € in millions

 

 

Dec. 31, 2023

 

Dec. 31, 2022

Prepaid expenses

 

295

 

250

Return assets

 

275

 

338

Tax receivables other than income taxes

 

373

 

632

Contract assets

 

10

 

15

Sundry

 

54

 

90

Other current assets, gross

 

1,007

 

1,323

Less: accumulated allowances

 

(4)

 

(8)

Other current assets, net

 

1,003

 

1,316

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