14 Trade and other payables
millions of € |
|
|
---|---|---|
|
Dec. 31, 2022 |
Dec. 31, 2021 |
Trade payables |
11,981 |
10,396 |
Other liabilities |
54 |
56 |
|
12,035 |
10,452 |
The carrying amount of trade and other payables increased by EUR 1.6 billion year-on-year to EUR 12.0 billion, due in particular to the sharp rise in procurement volumes in the United States, Germany, and Europe operating segments. In the United States operating segment, liabilities increased in connection with the acquisition of non-current assets and vis-à-vis terminal equipment vendors. The increase was also driven in part by exchange rates. The reclassification to liabilities directly associated with non-current assets and disposal groups held for sale reduced the carrying amount. These relate to the agreements on the sale of the GD tower companies and of the wireline business in the United States.
Of the total of trade and other payables, EUR 11,981 million (December 31, 2021: EUR 10,396 million) is due within one year.