Consolidated balance sheet

€ million

Note

2017

2016

Assets

     

Non-current assets

     

Property, plant and equipment

3

6,793

 

6,529

 

Intangible assets

4

317

 

319

 

Investments in associates and joint ventures

5

3

 

9

 

Available-for-sale financial assets

6

193

 

224

 

Other financial assets

7

41

 

38

 

Deferred tax assets

17

205

 

216

 
   

7,552

 

7,335

      

Current assets

     

Inventories

9

74

 

64

 

Trade and other receivables

10

342

 

273

 

Other financial assets

6, 7

-

 

15

 

Cash and cash equivalents

11

101

 

48

 
   

517

 

400

      

Total assets

  

8,069

 

7,735

      

Equity and liabilities

     

Equity

12

    

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

13

1,553

 

1,483

 

Finance lease liabilities

19

150

 

168

 

Deferred income

14

1,629

 

1,597

 

Provisions for employee benefits

15

49

 

50

 

Deferred tax liabilities

17

5

 

5

 

Other provisions

16

7

 

5

 
   

3,393

 

3,308

      

Short-term liabilities

     

Trade and other payables

18

133

 

122

 

Tax liabilities

 

80

 

63

 

Interest-bearing debt

13

231

 

81

 

Provisions for employee benefits

15

33

 

46

 

Accruals

8, 18

257

 

251

 
   

734

 

563

      

Total liabilities

  

4,127

 

3,871

      
      

Equity and liabilities

  

8,069

 

7,735