28. Other non-financial liabilities
Other non-financial liabilities are as follows:
Other non-financial liabilities | T169 | |
|---|---|---|
in EUR thousands | Dec 31, 2024 | Dec 31, 2023 |
Non-current | ||
Government grants | 274 | 296 |
Other liabilities | 952 | 389 |
1,226 | 685 | |
Current | ||
Government grants | 102 | 234 |
Non-income tax liabilities | 3,273 | 3,243 |
Social liabilities | 5,581 | 4,468 |
Personnel-related liabilities (e.g., vacation, bonuses, premiums) | 35,514 | 30,158 |
Other liabilities | 442 | 505 |
44,912 | 38,608 | |
Total other non-financial liabilities | 46,138 | 39,293 |
The personnel-related liabilities fall within the scope of IAS 19, ‘Employee Benefits’, and also include bonuses in connection with short-term profit-sharing schemes. These are based on the achievement of corporate targets (earnings targets (e. g., EBIT), cash flow targets, sales growth) and on personal targets of the respective employee.
The increase in personnel-related liabilities is primarily due to the increase in liabilities from expected bonus payments for employees.
NORMA Group received government grants, whereby EUR 376 thousand have not been received yet. They consist of grants in cash as well as land.he grants are tied, among other things, to investments, the hiring of employees, and the provision of equity to the affected local companies. Potential repayments of the grants received would arise if the subsidized investments were sold early.
NORMA Group recognizes the government grants as income over the period in which related expenses occur. Income of EUR 253 thousand was thus recognized in fiscal year 2024 (2023: EUR 957 thousand), which also resulted from government grants in connection with the reimbursement of personnel expenses and export subsidies.
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These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.