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OTHER LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2023

Subclassifications of assets, liabilities and equities [abstract]

Disclosure of other liabilities

An analysis of other liabilities is as follows:


			At December 31,
			2023						2022
			(€ thousand)
Advances for supplies and services			516,096						451,166
Deferred income			295,683						270,353
Accrued expenses			100,305						98,535
Payables to personnel			44,880						55,789
Social security payables			25,857						26,498
Other			40,146						49,684
Total other liabilities			1,022,967						952,025

Explanation of significant changes in contract liabilities

Changes in the Group’s contract liabilities for maintenance and power warranties, and advances from customers, were as follows:


			At December 31, 2022						Additional amounts arising during the period						Amounts recognized within revenue						Other changes						At December 31, 2023
			(€ thousand)
Maintenance and power warranty programs			239,879						112,362						(89,617)						20						262,644
Advances from customers			446,394						990,468						(925,406)						(831)						510,625


			At December 31, 2021						Additional amounts arising during the period						Amounts recognized within revenue						Other changes						At December 31, 2022
			(€ thousand)
Maintenance and power warranty programs			218,982						100,710						(79,593)						(220)						239,879
Advances from customers			236,516						761,714						(551,885)						49						446,394