Consolidated balance sheet
€ million | Note | 2018 | 2017 | ||
Assets | |||||
Non-current assets | |||||
Property, plant and equipment | 7,072 | 6,793 | |||
Intangible assets | 315 | 317 | |||
Investments in associates and joint ventures | 4 | 3 | |||
Investments in bonds | 156 | 193 | |||
Other financial assets | 71 | 41 | |||
Deferred tax assets | 172 | 205 | |||
7,790 | 7,552 | ||||
Current assets | |||||
Inventories | 66 | 74 | |||
Trade and other receivables | 349 | 342 | |||
Cash and cash equivalents | 140 | 101 | |||
555 | 517 | ||||
Total assets | 8,345 | 8,069 | |||
Equity and liabilities | |||||
Equity | |||||
Share capital | 684 | 684 | |||
Share premium | 671 | 671 | |||
Subordinated perpetual bond loan | 495 | 496 | |||
Revaluation reserve | - | 38 | |||
Other reserves | 1,945 | 1,850 | |||
Result for the year | 334 | 203 | |||
Total equity | 4,129 | 3,942 | |||
Liabilities | |||||
Non-current liabilities | |||||
Interest-bearing debt | 1,475 | 1,553 | |||
Finance lease liabilities | 159 | 150 | |||
Deferred income | 1,682 | 1,629 | |||
Provisions for employee benefits | 33 | 49 | |||
Deferred tax liabilities | 4 | 5 | |||
Other provisions | 10 | 7 | |||
3,363 | 3,393 | ||||
Short-term liabilities | |||||
Trade and other payables | 150 | 133 | |||
Tax liabilities | 96 | 80 | |||
Interest-bearing debt | 321 | 231 | |||
Provisions for employee benefits | 42 | 33 | |||
Accruals and deferred income | 244 | 257 | |||
853 | 734 | ||||
Total liabilities | 4,216 | 4,127 | |||
Total equity and liabilities | 8,345 | 8,069 |