Consolidated balance sheet

€ million

Note

2021

2020

Assets

     

Non-current assets

     

Property, plant and equipment

3

8.501

 

7.958

 

Right-of-use assets

3

120

 

66

 

Intangible assets

4

320

 

343

 

Investments in associates and joint ventures

5

17

 

6

 

Investments in bonds

6

-

 

147

 

Other financial assets

7

60

 

66

 

Deferred tax assets

17

149

 

159

 

Total non-current assets

  

9.167

 

8.745

      

Current assets

     

Inventories

9

63

 

69

 

Trade and other receivables

10

339

 

307

 

Cash and cash equivalents

11

624

 

298

 

Total current assets

  

1.026

 

674

      

Assets held for sale

33

 

16

 

3

      

Total assets

  

10.209

 

9.422

      

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

 

2.380

 

2.256

 

Result for the year

 

242

 

224

 

Total equity

  

4.470

 

4.328

      

Liabilities

     

Non-current liabilities

     

Interest-bearing debt

13

2.630

 

2.479

 

Lease liabilities

19

102

 

199

 

Deferred income

14

1.906

 

1.837

 

Provisions for employee benefits

15

28

 

29

 

Deferred tax liabilities

17

-

 

1

 

Other provisions

16

28

 

30

 

Total non-current liabilities

  

4.694

 

4.575

      

Short-term liabilities

     

Trade and other payables

18

152

 

145

 

Tax liabilities

 

92

 

88

 

Interest-bearing debt

13

481

 

8

 

Lease liabilities

19

21

 

18

 

Provisions for employee benefits

15

38

 

36

 

Accruals

8, 18

252

 

224

 

Total short-term liabilities

  

1.036

 

519

      

Total liabilities

  

5.730

 

5.094

      

Liabilities held for sale

  

9

 

-

      

Total equity and liabilities

  

10.209

 

9.422