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Trade and other payables

6 Months Ended

Jun. 30, 2024

10. Trade and other payables


	At June 30,		At December 31,
(in thousands of $)	2024		2023
Trade payables	$	280,633	$	245,557
Gross-to-net accruals		84,236		55,788
Short‑term employee benefits		106,708		95,104
Other		8,252		17,564
Total trade and other payables	$	479,829	$	414,013

The carrying amounts of trade and other payables approximate their respective fair values.

Trade payables correspond primarily to clinical and manufacturing activities and include accrued expenses related to these activities.

Short-term employee benefits include payables and accruals for compensation and bonuses to be paid to the employees of the Company.

The following table summerizes the movement in the Gross-to-net accruals for the period ended June 30, 2024:


(in thousands of $)	Rebates and chargebacks		Distribution fees, product returns and other		Total Gross-to-net accruals
Balance at December 31, 2022	$	15,398	$	4,079	$	19,478
Estimate related to the sales made in the current year		123,542		26,427		149,969
Adjustment for prior year sales		(4,041)		(883)		(4,924)
(Credits or payments)		(85,237)		(23,497)		(108,734)
Balance at December 31, 2023	$	49,662	$	6,126	$	55,788
Estimate related to the sales made in the current period		111,669		19,101		130,770
Adjustment for prior year sales		(5,391)		(40)		(5,431)
(Credits or payments)		(77,627)		(19,264)		(96,891)
Balance at June 30, 2024	$	78,313	$	5,923	$	84,236