¹ 2008 figures are restated for comparison reasons

The exposure of Nutreco to currency and liquidity risk related to trade and other payables is disclosed in note 27.

In 2009, trade and other payables decreased by EUR 26.1 million of which EUR 29.2 million is due to the acquisitions completed in 2009 and EUR 0.4 million relates to the divestment of Integra. This results in a decrease before acquisitions and divestments of EUR 54.9 million.

Trade creditor days 2009 are 81 days (2008: 73 days).

The amount of trade creditors decreased due to lower raw material prices in comparison to 2008. Payment terms of trade creditors increased due to a company-wide working capital program as well as increased utilisation of supply chain finance solutions. Nutreco notices an increasing number of suppliers that sell, factor or confirm their trade receivables on Nutreco companies, which enables these suppliers to maintain or extend the payment terms. As of 31 December 2009, Nutreco was aware of EUR 135.6 million (2008: EUR 144.3 million) usage of such solutions within Fish Feed and the Spanish business activities.

The fair value commodity derivatives has decreased to EUR 0.0 million (2008: EUR 11.2 million) due to the significant lower usage of commodity derivatives in the segment Compound Feed Europe.