Company balance sheet (as at 31 December, before appropriation of profit)

€ million

Note

2022

2021

Assets

     

Non-current assets

     

Property, plant and equipment

37

235

 

220

 

Right-of-use assets

37

104

 

102

 

Intangible assets

38

68

 

68

 

Investments in subsidiaries and associates

39

2,788

 

2,671

 

Other financial assets

40

2,607

 

2,649

 

Total non-current assets

  

5,802

 

5,710

      

Current assets

     

Other receivables

41

62

 

33

 

Current financial assets

41

27

 

-

 

Receivables from subsidiaries

41

2,179

 

1,468

 

Cash and cash equivalents

42

202

 

619

 

Total current assets

  

2,470

 

2,120

      

Assets held for sale

  

2

 

-

      

Total assets

  

8,274

 

7,830

      

Equity and liabilities

     

Equity

43

    

Share capital

 

684

 

684

 

Share premium

 

671

 

671

 

Subordinated perpetual bond loan1

 

495

 

495

 

Hedge reserve1

 

5

 

-2

 

Other reserves

 

2,517

 

2,380

 

Result for the year

 

198

 

242

 

Total equity

  

4,570

 

4,470

      

Liabilities

     

Long-term liabilities

     

Interest-bearing debt

44

2,999

 

2,626

 

Lease liabilities

45

89

 

88

 

Provisions

46

23

 

34

 

Total long-term liabilities

  

3,111

 

2,748

      

Short-term liabilities

     

Current and accrued liabilities

47

573

 

595

 

Lease liabilities

45

18

 

17

 

Derivatives

48

-

 

-

 

Total short-term liabilities

  

591

 

612

      

Total liabilities

  

3,702

 

3,360

      

Liabilities held for sale

  

2

 

-

      

Total equity and liabilities

  

8,274

 

7,830

  • 1 The hedge reserve and the subordinated perpetual bond loan are not freely distributable.