Consolidated balance sheet
€ million | Note | 2017 | 2016 | ||
Assets | |||||
Non-current assets | |||||
Property, plant and equipment | 6,793 | 6,529 | |||
Intangible assets | 317 | 319 | |||
Investments in associates and joint ventures | 3 | 9 | |||
Available-for-sale financial assets | 193 | 224 | |||
Other financial assets | 41 | 38 | |||
Deferred tax assets | 205 | 216 | |||
7,552 | 7,335 | ||||
Current assets | |||||
Inventories | 74 | 64 | |||
Trade and other receivables | 342 | 273 | |||
Other financial assets | - | 15 | |||
Cash and cash equivalents | 101 | 48 | |||
517 | 400 | ||||
Total assets | 8,069 | 7,735 | |||
Equity and liabilities | |||||
Equity | |||||
Share capital | 684 | 684 | |||
Share premium | 671 | 671 | |||
Subordinated perpetual bond loan | 496 | 496 | |||
Revaluation reserve | 38 | 46 | |||
Other reserves | 1,850 | 1,685 | |||
Result for the year | 203 | 282 | |||
Total equity | 3,942 | 3,864 | |||
Liabilities | |||||
Non-current liabilities | |||||
Interest-bearing debt | 1,553 | 1,483 | |||
Finance lease liabilities | 150 | 168 | |||
Deferred income | 1,629 | 1,597 | |||
Provisions for employee benefits | 49 | 50 | |||
Deferred tax liabilities | 5 | 5 | |||
Other provisions | 7 | 5 | |||
3,393 | 3,308 | ||||
Short-term liabilities | |||||
Trade and other payables | 133 | 122 | |||
Tax liabilities | 80 | 63 | |||
Interest-bearing debt | 231 | 81 | |||
Provisions for employee benefits | 33 | 46 | |||
Accruals | 257 | 251 | |||
734 | 563 | ||||
Total liabilities | 4,127 | 3,871 | |||
Equity and liabilities | 8,069 | 7,735 |