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 | |||