Accrued liabilities

Accrued liabilities are summarized as follows:

Philips Group
Accrued liabilities in millions of EUR
2013 - 2014
 
2013
2014
Personnel-related costs:
 
 
  • Salaries and wages
560
502
  • Accrued holiday entitlements
184
179
  • Other personnel-related costs
130
119
Fixed-asset-related costs:
 
 
  • Gas, water, electricity, rent and other
61
47
Communication and IT costs
38
51
Distribution costs
104
112
Sales-related costs:
 
 
  • Commission payable
24
17
  • Advertising and marketing-related costs
159
161
  • Other sales-related costs
98
68
Material-related costs
175
132
Interest-related accruals
57
56
Deferred income
812
869
Other accrued liabilities
428
379
Accrued liabilities
2,830
2,692

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CO2-equivalent or carbon dioxide equivalent is a quantity that describes, for a given mixture and amount of greenhouse gas, the amount of CO2 that would have the same global warming potential (GWP), when measured over a specified timescale (generally 100 years).