Trade payables to be settled beyond 12 months from the date of the Balance sheet or beyond the operating cycle are classified under the:

Other long term liabilities

Trade payables to be settled beyond 12 months from the date of the balance sheet or beyond the operating cycle are classified under the Other long-term liabilities section of the balance sheet. Other long-term liabilities are liabilities that are expected to be settled more than one year after the balance sheet date. This can include things like long-term debt, deferred taxes, and pension liabilities. Trade payables are typically classified as current liabilities, because they are expected to be settled within one year. However, if a trade payable is not expected to be settled within one year, it is classified as a long-term liability.