36. Trade liabilities
Trade liabilities declined by €789 million, from €4,782 million to €3,993 million.
The previous year’s figures include €782 million attributable to the hypermarket business to be disposed of.
Additionally, currency effects 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.