Note that “trade” payables are expenses that are directly related to business (i.e. materials purchase, services for sales etc.) and everything else is the “other” part of the note – taxes, accrued expenses, employee related payables etc. 

Taxes payable is something that may be within this note just one line and refer to another note that includes more detailed information about all different taxes. It can also be that you show the split within this note – up to you really.

Other liabilities are those that are one-off things like provisions, non-business expenses etc.

Accrued expenses are those, for which you’ve not received an invoice yet, but you already know of the expense and it’s also related to the reporting period. For such expenses you recognize an expense on the income statement and also account for an accrued expense on the balance sheet.

If you want to learn more about Annual Report, please check out our Office ToDo UNI.