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.

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