Consolidated balance sheet
€ million | Note | 2020 | 2019 | ||
Assets | |||||
Non-current assets | |||||
Property, plant and equipment | 3 | 7,958 | 7,476 | ||
Right-of-use assets | 3 | 66 | 63 | ||
Intangible assets | 4 | 343 | 313 | ||
Investments in associates and joint ventures | 5 | 6 | 6 | ||
Investments in bonds | 6 | 147 | 160 | ||
Other financial assets | 7 | 66 | 58 | ||
Deferred tax assets | 17 | 159 | 165 | ||
Total non-current assets | 8,745 | 8,241 | |||
Current assets | |||||
Inventories | 9 | 69 | 60 | ||
Trade and other receivables | 10 | 307 | 334 | ||
Cash and cash equivalents | 11 | 298 | 153 | ||
Total current assets | 674 | 547 | |||
Assets held for sale | 33 | 3 | 3 | ||
Total assets | 9,422 | 8,791 | |||
Equity and liabilities | |||||
Equity | 12 | ||||
Share capital | 684 | 684 | |||
Share premium | 671 | 671 | |||
Subordinated perpetual bond loan | 495 | 495 | |||
Hedge reserve | -2 | -2 | |||
Other reserves | 2,256 | 2,123 | |||
Result for the year | 224 | 253 | |||
Total equity | 4,328 | 4,224 | |||
Liabilities | |||||
Non-current liabilities | |||||
Interest-bearing debt | 13 | 2,479 | 1,765 | ||
Lease liabilities | 19 | 199 | 209 | ||
Deferred income | 14 | 1,837 | 1,737 | ||
Provisions for employee benefits | 15 | 29 | 31 | ||
Deferred tax liabilities | 17 | 1 | 3 | ||
Other provisions | 16 | 30 | 23 | ||
Total non-current liabilities | 4,575 | 3,768 | |||
Short-term liabilities | |||||
Trade and other payables | 18 | 145 | 151 | ||
Tax liabilities | 88 | 90 | |||
Interest-bearing debt | 13 | 8 | 297 | ||
Lease liabilities | 19 | 18 | 17 | ||
Provisions for employee benefits | 15 | 36 | 27 | ||
Accruals | 8, 18 | 224 | 217 | ||
Total short-term liabilities | 519 | 799 | |||
Total liabilities | 5,094 | 4,567 | |||
Total equity and liabilities | 9,422 | 8,791 | |||