The composition of and changes in trade payables are described and commented on below.
| Trade payables |
|
|
|---|---|---|
| (€ 000) | 31 December 2010 | 31 December 2009 |
| Suppliers | 76,779 | 69,602 |
| Subsidiaries | 45,504 | 45,520 |
| Associated companies | 51,693 | 44,823 |
| Parent companies | 7 | 7 |
| Total trade payables | 173,983 | 159,952 |
Trade payables amounted to €76,779 thousand (€69,602 thousand) and include €1,914 thousand (€574 thousand) for the purchase of fixed assets.
This item includes:
- trade payables to affiliated companies totalling €10 thousand (€120 thousand) and relating to Editrice Portoria SpA;
- trade payables to Fininvest group companies totalling €4,196 thousand (€2,912 thousand), of which €3,739 thousand (€2,603 thousand) to Publitalia '80 SpA, €60 thousand (€30 thousand) to Mediaset SpA, €264 thousand (€143 thousand) to RTI SpA and a total of €133 thousand (€133 thousand) of other minor payables.
Payables to affiliated companies refer to commercial transactions carried out at market prices.
Trade payables to subsidiaries of €45,504 thousand (€45,520 thousand) and those payable to associated companies of €51,693 thousand (€44,823 thousand) refer to commercial transactions carried out at market rates.
Details for each company and the variations compared with 2009 are contained in Appendix D1, while information by geographical area is contained in the attached “Supplementary Tables”.
There are no trade payables with a due date of more than five years and the average payment period in 2010 was 116.3 days (102.7 days in 2009).