Trade and other payables

12 Months Ended

Dec. 31, 2023

26. Trade and other payables



Million US dollar	31 December 2023		31 December 2022

Indirect taxes payable		105		174
Trade payables		256		176
Deferred consideration on acquisitions		308		464
Other payables		69		46
Non-current trade and other payables		738		859

Trade payables and accrued expenses		17 729		18 589
Payroll and social security payables		1 439		1 520
Indirect taxes payable		3 149		2 768
Interest payable		1 407		1 428
Consigned packaging		1 041		1 012
Dividends payable		376		356
Deferred consideration on acquisitions		441		313
Other payables and deferred income		399		362
Current trade and other payables		25 981		26 349

The company has entered into reverse factoring arrangements with suppliers in the amount of 102m US dollar as at 31 December 2023, mostly due to legal requirements (31 December 2022: 134m US dollar). The nature, as well as the terms and conditions of the liabilities that are part of these arrangements do not differ from those of the company’s normal trade payables. As a result, these are presented as part of Trade and other payables in accordance with IAS 1

Presentation of financial statements

As at 31 December 2023, deferred consideration on acquisitions is mainly comprised of 0.6 billion US dollar for the put option included in the 2012 shareholders’ agreement between Ambev (31 December 2022: 0.6 billion US dollar). See also Note 27

Risk arising from financial instruments

and Note 28

Collateral and contractual commitments for the acquisition of property, plant and equipment, loans to customers and other