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 |