Consolidated balance sheet

€ million

Note

2022

2021

Assets

     

Non-current assets

     

Property, plant and equipment

3

9,091

 

8,501

 

Right-of-use assets

3

122

 

120

 

Intangible assets

4

317

 

320

 

Investments in associates and joint ventures

5

16

 

17

 

Other financial assets

7

39

 

60

 

Deferred tax assets

17

141

 

149

 

Total non-current assets

  

9,726

 

9,167

      

Current assets

     

Inventories

9

141

 

63

 

Trade and other receivables1

10

330

 

333

 

Other financial assets

7

128

 

6

 

Cash and cash equivalents

11

205

 

624

 

Total current assets

  

804

 

1,026

      

Assets held for sale

33

 

162

 

16

      

Total assets

  

10,692

 

10,209

      

Equity and liabilities

     

Equity

12

    

Share capital

 

684

 

684

 

Share premium

 

671

 

671

 

Subordinated perpetual bond loan

 

495

 

495

 

Hedge reserve

 

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

13

3,000

 

2,630

 

Lease liabilities

19

102

 

102

 

Deferred income

14

1,965

 

1,906

 

Provisions for employee benefits

15

18

 

28

 

Deferred tax liabilities

17

-

 

-

 

Other provisions

16

13

 

28

 

Total long-term liabilities

  

5,098

 

4,694

      

Short-term liabilities

     

Trade and other payables

18

155

 

152

 

Tax liabilities

 

49

 

92

 

Interest-bearing debt

13

426

 

481

 

Lease liabilities

19

21

 

21

 

Provisions for employee benefits

15

35

 

38

 

Accruals

8, 18

322

 

252

 

Total short-term liabilities

  

1,008

 

1,036

      

Total liabilities

  

6,106

 

5,730

      

Liabilities held for sale

33

 

16

 

9

      

Total equity and liabilities

  

10,692

 

10,209

  • 1 Trade and other receivables and current financial assets are shown separately in the consolidated balance sheet for 2022.