C21 Other Current Liabilities

OTHER CURRENT LIABILITIES
	2011	2010
Income tax liabilities	2,691	2,228
Advances from customers	3,942	5,946
Liabilities to associated companies and joint ventures	119	115
Accrued interest	351	349
Accrued expenses, of which	32,652	31,463
Employee related	11,314	10,063
Supplier related	11,621	12,273
Other ¹⁾	9,717	9,127
Deferred revenues	8,722	11,415
Derivatives with a negative value ²⁾	3,240	1,039
Other ³⁾	6,253	6,050
Total	57,970	58,605
¹⁾ Major balance relates to accrued expenses for customer projects. ²⁾ See Note C20, “Financial Risk Management and Financial Instruments”. ³⁾ Includes items such as VAT and withholding tax payables and other payroll deductions, and liabilities for goods received where invoice is not yet received.

Ericsson Annual Report 2011