35. Trade liabilities
Trade liabilities declined by €421 million, from €3,993 million to €3,572 million.
The previous year’s figures include €490 million attributable to METRO China.
Currency effects increased trade payables by €52 million, which mainly resulted from the Russian rouble (€23 million), the Turkish lira (€18 million) and the Ukrainian hryvnia (€14 million). The increase after currency effects amounts to €17 million and is predominantly attributable to modified payment terms and increased purchasing volumes in a number of different countries.