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Trade and other payables
12 Months Ended
Dec. 31, 2020
Trade and other payables  
Trade and other payables

17 Trade and other payables

 

 

 

 

 

 

 

 

December 31, 

 

December 31, 

(€ million)

    

2020

    

2019

Trade payables

 

8,679

 

10,480

Down payments and advances from joint ventures in exploration & production activities

 

417

 

401

Payables for purchase of non-current assets

 

1,393

 

2,276

Payables due to partners in exploration & production activities

 

1,120

 

1,236

Other payables

 

1,327

 

1,152

 

 

12,936

 

15,545

 

The decrease in trade payables of €1,801 million was mainly due to lower prices of hydrocarbons.

Other payables included: (i) the amounts to be paid due to the triggering of the take-or-pay clause of the long-term supply contracts for €376 million (€148 million at 31 December 2019); (ii) payroll payables for €255 million (€215 million at December 31, 2019); (iii) payables for social security contributions for €92 million (same amount as of December 31, 2019).

Trade and other payables were denominated in euro for €5,384 million and in U.S. dollar for €6,243 million.

Because of the short-term maturity and conditions of remuneration of trade payables, the fair values approximated the carrying amounts.

Trade and other payables due to related parties are described in note 36 — Transactions with related parties.