35. Trade liabilities

Trade liabilities declined by €421 million, from €3,993 million to €3,572 million.

The ’s figures include €490 million attributable to METRO China.

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.

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