2021 UNIVERSAL REGISTRATION DOCUMENT

7.2 Accrued income and expense, by balance sheet item

Accrued expenses

(in € millions)	31/12/2021	31/12/2020
Financial debt	Financial debt31/12/2021	Financial debt 31/12/2020
Accrued interest on bonds	Accrued interest on bonds 31/12/2021 57	Accrued interest on bonds 31/12/2020 45
Other payables	Other payables31/12/2021	Other payables 31/12/2020
Trade payables and related accounts	Trade payables and related accounts 31/12/2021 38	Trade payables and related accounts 31/12/2020 30
Other tax, employment and social benefit liabilities	Other tax, employment and social benefit liabilities 31/12/2021 19	Other tax, employment and social benefit liabilities 31/12/2020 16
Other liabilities	Other liabilities 31/12/2021 1	Other liabilities 31/12/2020 1

Accrued income

(in € millions)	31/12/2021	31/12/2020
Financial assets	Financial assets31/12/2021	Financial assets 31/12/2020
Receivables connected with investments in subsidiaries and affiliates	Receivables connected with investments in subsidiaries and affiliates 31/12/2021 6	Receivables connected with investments in subsidiaries and affiliates 31/12/2020 5
Receivables	Receivables31/12/2021	Receivables 31/12/2020
Trade receivables and related accounts	Trade receivables and related accounts 31/12/2021 443	Trade receivables and related accounts 31/12/2020 404
Other	Other 31/12/2021 4	Other 31/12/2020 3
Cash	Cash 31/12/2021 37	Cash 31/12/2020 35

7.3 Deferred expenses

(in € millions)	31/12/2020	New deferrals	Amortisation	31/12/2021
Deferred expenses	Deferred expenses 31/12/2020 41	Deferred expenses New deferrals 8	Deferred expenses Amortisation (7)	Deferred expenses 31/12/202142

The €8 million increase in deferred expenses was due to issuance costs and redemption premiums in respect of new financing arranged during the year (see section A, “Key events in the period”, page 355).

C. Notes to the income statement

8. Net financial income/(expense)

(in € millions)	2021	2020
Income from subsidiaries and affiliates	Income from subsidiaries and affiliates 2021 2,621	Income from subsidiaries and affiliates 2020 30
Net interest income/(expense)	Net interest income/(expense) 2021 (23)	Net interest income/(expense) 2020 (14)
Foreign exchange gains and losses	Foreign exchange gains and losses 2021 (154)	Foreign exchange gains and losses 2020 141
Provisions and other	Provisions and other 2021 (6)	Provisions and other 2020 (50)
Net financial income/(expense)	Net financial income/(expense)20212,439	Net financial income/(expense) 2020 107

Income from investments in subsidiaries and affiliates corresponds to the dividends received from subsidiaries.

The line item “Provisions and other” mainly relates to transactions in treasury shares.

9. Net exceptional income/(expense)

(in € millions)	2021	2020
Gain/(loss) on capital transactions	Gain/(loss) on capital transactions 2021 -	Gain/(loss) on capital transactions 2020 1
- Disposals of property, plant and equipment and intangible assets	- Disposals of property, plant and equipment and intangible assets 2021 -	- Disposals of property, plant and equipment and intangible assets 2020 -
- Disposals/contributions of shares and securities	- Disposals/contributions of shares and securities 2021 -	- Disposals/contributions of shares and securities 2020 1
Income/(expense) relating to operations	Income/(expense) relating to operations 2021 1	Income/(expense) relating to operations 2020 1
Exceptional provisions	Exceptional provisions 2021 (1)	Exceptional provisions 2020 (9)
Net exceptional income/(expense)	Net exceptional income/(expense)2021-	Net exceptional income/(expense) 2020 (7)