149 Annual Report 2021 27. Trade and other payables 2021 2020 € € Trade payables 12.297 44.257 Prepayments from clients 3.125 1.918 Social insurance and other taxes - 453 VAT 576 13.600 Deferred income 16.793 793 Accruals 38.390 30.069 Other creditors 72.912 61.118 Defence tax on deemed distribution 3.389 7.894 147.482 160.102 28. Deferred income 2021 2020 € € Client advances 2.098.699 2.076.009 2.098.699 2.076.009 2021 2020 € € Special contribution for defence 1.468 - 1.468 - 29. Current tax liabilities 30. Operating Environment of the Authority With the recent and rapid development of the Coronavirus disease (COVID-19) pandemic the world economy entered a period of unprecedented health care crisis that has caused considerable global disruption in business activities and everyday life. Many countries have adopted extraordinary and economically costly containment measures. Certain countries have required companies and organisations to limit or even suspend normal business operations. Governments have implemented restrictions on travelling as well as strict quarantine measures throughout the year. Industries such as tourism, hospitality and entertainment have been directly disrupted significantly
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