|31 December 2016||31 December 2015|
|Amounts due to social security institutions||-||144||-||11|
|Payables to MED (Law no. 808/1985)||307||106||-||-|
|Payables to MED for monopoly costs (Law no. 808/1985)||193||31||-||-|
|Other liabilities (Law no. 808/1985)||187||-||-||-|
|Indirect tax liabilities||5||58||-||5|
|Other payables to related parties (Note 32)||-||391||-||646|
Other liabilities increased mainly as a result of the recognition of the payables of the merged companies. In particular, the payables to the Ministry for Economic Development (MED) relate to monopoly costs accrued under Law 808/1985 on national security and similar projects, as well as payables for grants received from MED for the development of programmes not related to national security and similar projects eligible for benefits under Law 808/1985.
“Other liabilities (Law 808/1985)” include the difference between the monopoly costs charged for the national security programmes and the amount actually due based on agreed repayment ratios.
Payables to subsidiaries mainly arise from the Group VAT mechanism.
“Deferred income” specifically includes subsequent years rentals already collected in past years in relation to the agreements for the sale of “Ansaldo” trademark.
“Other payables” include, in particular, down payments received from customers for €mil. 87, penalties on programmes for €mil. 79 and payables for royalties amounting to €mil. 33.