Integrated Annual Report 2024

Consolidated balance sheet at 31 December 2024

Consolidated balance sheet

x € million

 

Notes

 

2024

 

2023

Assets

 

 

 

 

 

 

Goodwill and intangible assets

 

8

 

18,078

 

18,738

Property, plant and equipment

 

9

 

5,725

 

5,549

Deferred tax assets

 

7

 

299

 

228

Prepaid pension costs

 

24

 

62

 

44

Share in associates and joint ventures

 

10

 

342

 

130

Derivatives

 

23

 

51

 

46

Other non-current assets

 

11

 

391

 

691

Non-current assets

 

 

 

24,948

 

25,426

 

 

 

 

 

 

 

Inventories

 

12

 

3,290

 

3,390

Trade receivables

 

13

 

2,589

 

2,553

Income tax receivables

 

13

 

51

 

107

Other current receivables

 

13

 

129

 

183

Derivatives

 

23

 

23

 

42

Financial investments

 

14

 

50

 

107

Cash and cash equivalents

 

15

 

2,667

 

2,456

Assets held for sale

 

3

 

 

6

Current assets

 

 

 

8,799

 

8,844

Total assets

 

 

 

33,747

 

34,270

 

 

 

 

 

 

 

Equity and liabilities

 

 

 

 

 

 

Shareholders’ equity

 

 

 

22,511

 

22,908

Non-controlling interests

 

17

 

186

 

162

Equity

 

16

 

22,697

 

23,070

 

 

 

 

 

 

 

Deferred tax liabilities

 

7

 

1,556

 

1,751

Employee benefit liabilities

 

24

 

487

 

520

Provisions

 

18

 

87

 

142

Borrowings

 

19

 

4,444

 

4,114

Derivatives

 

23

 

7

 

8

Other non-current liabilities

 

20

 

109

 

146

Non-current liabilities

 

 

 

6,690

 

6,681

 

 

 

 

 

 

 

Employee benefit liabilities

 

24

 

62

 

49

Provisions

 

18

 

77

 

34

Borrowings

 

19

 

836

 

716

Derivatives

 

23

 

60

 

28

Trade payables1

 

21

 

2,276

 

2,174

Income tax payables

 

21

 

223

 

177

Other current liabilities1

 

21

 

826

 

1,333

Liabilities held for sale

 

3

 

 

8

Current liabilities

 

 

 

4,360

 

4,519

Total equity and liabilities

 

 

 

33,747

 

34,270

1

2023 figure restated for comparative purposes

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