Details of this liability heading in the balance sheet are as follows:
The amount recorded under other current payables this year includes provisions for costs and commitments pending settlement linked to the cancellation of The Cloud project, corresponding to planned works to provisionally refurbish the site to make it accessible to the public, and expenses related to fulfilling commitments to suppliers.
Tax payables include an item recorded under Tax and other payables (payments in kind) corresponding to an adjustment for payments in kind that were not correctly declared between 2013 and 2017. At 31 December 2017, the Company allocated a provision of 735,349 euros in respect of this adjustment. The part of this liability corresponding to the Andorran Social Security Authority was settled in the second and third quarters of 2018. The part due to the Tax Authority, amounting to 427,187 euros, remains outstanding.
The items recorded under trade and other payables include the following: