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OTHER LIABILITIES
 12 Months Ended
Dec. 31, 2023
Subclassifications of assets, liabilities and equities [abstract]  
OTHER LIABILITIES
25. OTHER LIABILITIES
An analysis of other liabilities is as follows:
At December 31,
20232022
(€ thousand)
Advances for supplies and services516,096 451,166 
Deferred income295,683 270,353 
Accrued expenses100,305 98,535 
Payables to personnel 44,880 55,789 
Social security payables 25,857 26,498 
Other40,146 49,684 
Total other liabilities 1,022,967 952,025 

Deferred income primarily includes amounts received under maintenance and power warranty programs of €262,644 thousand at December 31, 2023 and €239,879 thousand at December 31, 2022, which are deferred and recognized as net revenues over the length of the maintenance program. Of the total liability related to maintenance and power warranty programs at December 31, 2023, the Group expects to recognize in net revenues approximately €62 million in 2024, €57
million in 2025, €48 million in 2026 and €95 million in periods subsequent to 2026. Deferred income also includes amounts collected under various other agreements, which are dependent upon the future performance of a service or other act of the Group.

Advances and security deposits include advances received from customers for the purchase of Ferrari cars, mainly for our Icona, limited edition and Special Series models, as well as certain Range models in selected markets. The advances are recognized in net revenues when the cars are shipped. The increase during 2023 primarily relates to advances received during the year for the Purosangue and the Roma Spider.

Changes in the Group’s contract liabilities for maintenance and power warranties, and advances from customers, were as follows:
At December 31, 2022Additional amounts arising during the period
Amounts recognized within revenue
Other changesAt December 31, 2023
(€ thousand)
Maintenance and power warranty programs239,879 112,362 (89,617)20 262,644 
Advances from customers446,394 990,468 (925,406)(831)510,625 

At December 31, 2021Additional amounts arising during the periodAmounts recognized within revenueOther changesAt December 31, 2022
(€ thousand)
Maintenance and power warranty programs218,982 100,710 (79,593)(220)239,879 
Advances from customers236,516 761,714 (551,885)49 446,394