5 . 3.2.3.2. Lease debt Lease debt break down as follows: € millions 31.12. 2021 31.12.2020 31.12.2019 Lease debt due in more than 5 years 313.8 299.9 465.7 Lease debt due in between 1 and 5 years 933.7 994.8 1,162.3 Lease debt due in less than 1 year 422.8 386.9 407.9 LEASE DEBT 1,670.3 1,681.6 2,035.9 3.3. Inventories, Trade accounts receivable and Other current assets 3.3.1. Inventories € millions 31.12.2021 31.12.2020 31.12.2019 Finished products and consumables 2,770.3 2,492.2 2,724.0 Raw materials, packaging and semi-finished products 838.6 643.4 605.7 Gross value 3,608.9 3,135.6 3,329.7 Valuation allowance 442.1 459.8 409.0 INVENTORIE S – NET 3,166.9 2,675.8 2,920.8 3.3.2. Trade accounts receivable €  millions 31.12. 2021 31.12.2020 31.12.2019 Gross value 4,069.7 3,565.4 4,133.5 Valuation allowance 48.7 54.1 46.8 NET VALUE 4,021.0 3,511.3 4,086.7 Trade accounts receivable are due within one year. The impairment of trade accounts receivable reflects the level of expected losses on the customer portfolio from the outset of the receivable. Moreover, except when local conditions do not allow it, the Group has insurance cover for the subsidiaries. The non-collection risk on trade accounts receivables is therefore minimised, and this is reflected in the level of the allowance, which is less than 2% of gross receivables at the end of 2021. 3.3.3. Other current assets €  millions 31.12.2021 31.12.2020 31.12.2019 Tax and employee-related receivables (excluding income tax) 707.9 639.0 616.0 Prepaid expenses 503.6 452.2 365.9 Derivatives 67.6 183.0 49.2 Current financial assets 4.8 6.7 23.3 Other current assets 753.9 451.8 420.4 TOTAL 2,037.9 1,732.7 1,474.9 3.4. Other current liabilities € millions 31.12.2021 31.12.2020 31.12.2019 Tax and employee-related payables (excluding income tax) 1,628.3 1,533.8 1,586.8 Credit balances on trade receivables 1,326.4 1,244.5 1,128.2 Fixed assets payables 386.6 385.1 434.5 Derivatives 240.4 94.9 123.6 Other current liabilities 399.1 424.3 235.4 TOTA L 3,980.8 3,682.5 3,508.5 3.5. Changes in working capital This caption is broken down as follows: €  millions 2021 2020 2019 Inventories -373.3 101.9 -53.8 Trade accounts receivable -407.1 315.3 -59.6 Trade accounts payable 1,086.8 345.3 110.7 Other receivables and payables -218.5 (33.3) 463.2 TOT AL 88.0 729.2 460.5 300 L ’ ORÉAL I UNIVERSAL REGISTRATION DOCUMENT 2021 2021 CONSOLIDATED FINANCIAL STATEMENTS Notes to the consolidated financial statements