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23. Other Payables, Accrued Expenses and Contract Liabilitiesin CHF millions 2023 2022Accrued expenses third parties 166.8 186.7 Prepayments and deposits received 90.3 80.3 Accrued expenses employees 76.0 82.1 VAT and other tax payables 74.4 63.3 Accrued expenses and payables advertising and promotion suppliers 53.3 61.7 Payables distribution and logistics suppliers 21.1 27.2 Contingent consideration liabilities 18.8 24.0 Contract liabilities 10.3 15.3 Derivative liabilities 8.0 9.8 Payables for repair and maintenance and tangible assets 7.1 6.9 Deferred purchase consideration 1.8 -Other non-trade payables 38.9 31.4 Total other payables and accrued expenses 566.8 588.7 Contract liabilities relate to the advance consideration received from customers prior to the Group transferring control of products. Due to the nature of the Group%u2019s business operating cycles, amounts included in contract liabilities as at financial year end are expected to be recognized as revenue during the subsequent financial year.92 Notes to the Consolidated Financial Statements