Consolidated balance sheet

€ million

Note

2019

2018

Assets

     

Non-current assets

     

Property, plant and equipment

3

7,476

 

7,072

 

Right-of-use assets

3

63

 

-

 

Intangible assets

4

313

 

315

 

Investments in associates and joint ventures

5

6

 

4

 

Investments in bonds

6

160

 

156

 

Other financial assets

7

58

 

71

 

Deferred tax assets

17

165

 

172

 

Total non-current assets

  

8,241

 

7,790

      

Current assets

     

Inventories

9

60

 

66

 

Trade and other receivables

10

334

 

349

 

Cash and cash equivalents

11

153

 

140

 

Total current assets

  

547

 

555

      

Assets held for sale

33

 

3

 

-

      

Total assets

  

8,791

 

8,345

      

Equity and liabilities

     

Equity

12

    

Share capital

 

684

 

684

 

Share premium

 

671

 

671

 

Subordinated perpetual bond loan

 

495

 

495

 

Hedge reserve

 

-2

 

-

 

Other reserves

 

2,123

 

1,945

 

Result for the year

 

253

 

334

 

Total equity

  

4,224

 

4,129

      

Liabilities

     

Non-current liabilities

     

Interest-bearing debt

13

1,765

 

1,475

 

Lease liabilities

19

209

 

159

 

Deferred income

14

1,737

 

1,682

 

Provisions for employee benefits

15

31

 

33

 

Deferred tax liabilities

17

3

 

4

 

Other provisions

16

23

 

10

 

Total non-current liabilities

  

3,768

 

3,363

      

Short-term liabilities

     

Trade and other payables

18

151

 

150

 

Tax liabilities

 

90

 

96

 

Interest-bearing debt

13

297

 

321

 

Lease liabilities

19

17

 

-

 

Provisions for employee benefits

15

27

 

42

 

Accruals

8, 18

217

 

244

 

Total short-term liabilities

  

799

 

853

      

Total liabilities

  

4,567

 

4,216

      
      

Equity and liabilities

  

8,791

 

8,345