36. Trade liabilities

Trade liabilities declined by €789 million, from €4,782 million to €3,993 million.

The ’s figures include €782 million attributable to the hypermarket business to be disposed of.

Additionally, reduced the trade liabilities by a further €128 million and were mainly resultant from the Turkish lira (€72 million) and the Russian rouble (€37 million). The increase after currency effects amounts to €121 million and is predominantly attributable to modified payment terms and increased purchasing volumes in a number of different countries.

Previous year
Period of 12 months, usually cited as reference for statements in an annual report.
Currency effects
Currency effects result from situations where identical quantities of currency units are translated into another currency at differing exchange rates.