Consolidated balance sheet

€ million

Note

2018

2017

Assets

     

Non-current assets

     

Property, plant and equipment

3

7,072

 

6,793

 

Intangible assets

4

315

 

317

 

Investments in associates and joint ventures

5

4

 

3

 

Investments in bonds

6

156

 

193

 

Other financial assets

7

71

 

41

 

Deferred tax assets

17

172

 

205

 
   

7,790

 

7,552

      

Current assets

     

Inventories

9

66

 

74

 

Trade and other receivables

10

349

 

342

 

Cash and cash equivalents

11

140

 

101

 
   

555

 

517

      

Total assets

  

8,345

 

8,069

      

Equity and liabilities

     

Equity

12

    

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

13

1,475

 

1,553

 

Finance lease liabilities

19

159

 

150

 

Deferred income

14

1,682

 

1,629

 

Provisions for employee benefits

15

33

 

49

 

Deferred tax liabilities

17

4

 

5

 

Other provisions

16

10

 

7

 
   

3,363

 

3,393

      

Short-term liabilities

     

Trade and other payables

18

150

 

133

 

Tax liabilities

 

96

 

80

 

Interest-bearing debt

13

321

 

231

 

Provisions for employee benefits

15

42

 

33

 

Accruals and deferred income

8, 18

244

 

257

 
   

853

 

734

      

Total liabilities

  

4,216

 

4,127

      
      

Total equity and liabilities

  

8,345

 

8,069