Accrued expenses and other payables consist of the following:
December 31, | ||||
2016 | 2017 | |||
Personnel-related items | 24,051 | 29,456 | ||
Deferred revenue | 9,389 | 9,879 | ||
Financing related items | 1,175 | 5,146 | ||
Other | 14,079 | 14,473 | ||
Total accrued expenses and other payables | 48,694 | 58,954 |
Personnel-related items comprise accrued management bonuses, accrued vacation days, accrued wage tax, social securities and pension premiums. Deferred revenue consists of the revenue relating to the undelivered elements of the arrangements. This part of revenue is deferred at their relative selling prices until delivery of these elements. Financing related items comprises the accrual for settlement of shares repurchased. Other includes accruals for VAT and other taxes and down payments from customers.