Consolidated balance sheet

€ million

Note

2015

2014

Assets

     

Non-current assets

     

Property, plant and equipment

3

5.899

 

6.218

 

Intangible assets

4

280

 

322

 

Investments in associates and joint ventures

5

9

 

11

 

Available-for-sale financial assets

6

229

 

200

 

Other financial assets

7

42

 

43

 

Deferred tax assets

17

248

 

218

 
   

6.707

 

7.012

      

Current assets

     

Inventories

9

54

 

40

 

Trade and other receivables

10

238

 

258

 

Derivatives

8

-

 

2

 

Other financial assets

6, 7

25

 

184

 

Cash and cash equivalents

11

89

 

167

 
   

406

 

651

      

Non-current assets held for sale

33

 

613

 

9

      

Total assets

  

7.726

 

7.672

      

Equity & liabilities

     

Equity

12

    

Share capital

 

684

 

684

 

Share premium

 

671

 

671

 

Subordinated perpetual bond

 

496

 

496

 

Revaluation reserve

 

53

 

42

 

Other reserves

 

1.548

 

1.363

 

Profit after tax

 

235

 

323

 

Total equity

  

3.687

 

3.579

      

Liabilities

     

Non-current liabilities

     

Interest-bearing debt

13

1.197

 

1.616

 

Finance lease liabilities

19

162

 

145

 

Deferred income

14

1.559

 

1.573

 

Provisions for employee benefits

15

49

 

49

 

Other provisions

16

3

 

1

 
   

2.970

 

3.384

      

Short-term liabilities

     

Trade and other payables

18

133

 

103

 

Tax liabilities

 

101

 

106

 

Interest-bearing debt

13

471

 

159

 

Derivatives

8

-

 

80

 

Provisions for employee benefits

15

53

 

67

 

Accruals

 

216

 

194

 
   

974

 

709

      

Liabilities held for sale

  

95

 

-

Total liabilities

  

4.039

 

4.093

      
      

Equity and liabilities

  

7.726

 

7.672