) Interbank and money market items, net 17,339,111 13,156,615 4,182,496 31.8 Liabilities payable on demand 377,326 503,487 (126,161) (25.1) Financial liabilities designated at fair value through profit or loss
Inventory Turnover 6 (times) 66.93 70.56 70.75 Average Inventory Turnover Period 7 (days) 5 5 5 Account payable Turnover 8 (times) 23.35 22.54 20.43 Average Payment Period 9 (days) 15 16 18 Cash Cycle 10
Liabilities payable on demand 683,808 503,487 180,321 35.8 Financial liabilities designated at fair value through profit or loss 2,926,719 1,193,144 1,733,575 145.3 Derivatives liabilities 3,832,721 3,438,329
111,396,122 5,913,249 5.3 Certificate of Deposit 561,297 598,803 (37,506) (6.3) Interbank and money market items, net 18,432,983 13,156,615 5,276,368 40.1 Liabilities payable on demand 577,447 503,487 73,960
Liabilities payable on demand 577,447 503,487 73,960 14.7 Financial liabilities designated at fair value through profit or loss 4,399,553 1,193,144 3,206,409 268.7 Derivatives liabilities 4,247,533 3,438,329
628,680 7% 590,385 7% 939,431 13% 1,222,789 26% Trade accounts payable 108,345 1% 133,706 2% 99,264 1% 109,366 2% Current portion of digital television licences payable 473,800 6% 556,204 7% 584,069 8
Deposit 529,162 598,803 (69,641) (11.6) Interbank and money market items, net 16,855,745 13,156,615 3,699,130 28.1 Liabilities payable on demand 454,164 503,487 (49,323) (9.8) Financial liabilities
(2,637,524) (15.2) Liabilities payable on demand 396,636 377,326 19,310 5.1 Financial liabilities measured at fair value through profit or loss 1,750,744 3,498,702 (1,747,958) (50.0) Derivatives liabilities
) Interbank and money market items, net 13,771,419 10,263,870 3,507,549 34.2 Liabilities payable on demand 756,225 392,712 363,513 92.6 Financial liabilities measured at fair value through profit or loss