Consolidated balance sheet, before allocation of profit

In € millions, at December 31	Note		2018		2019

Assets

Non-current assets
Intangible assets	10	3,458		3,625
Property, plant and equipment	11	1,748		1,700
Right-of-use assets	12	–		374
Deferred tax assets	8	559		529
Investments in associates and joint ventures	13	137		150
Financial non-current assets	14	1,269		1,862
Total non-current assets			7,171		8,240

Current assets
Inventories	15	1,139		1,139
Current tax assets	8	74		63
Trade and other receivables	16	2,141		2,133
Short-term investments	20	5,460		138
Cash and cash equivalents	20	2,799		1,271
Total current assets			11,613		4,744
Total assets			18,784		12,984

Equity and liabilities

Equity
Shareholders’ equity	17	11,834		6,350
Non-controlling interests	17	204		218
Group equity			12,038		6,568

Non-current liabilities
Post-retirement benefit provisions	18	603		701
Other provisions	19	296		280
Deferred tax liabilities	8	368		391
Long-term borrowings	20	1,799		2,042
Total non-current liabilities			3,066		3,414

Current liabilities
Short-term borrowings	20	599		169
Current tax liabilities	8	225		196
Trade and other payables	21	2,645		2,406
Current portion of provisions	18, 19	211		231
Total current liabilities			3,680		3,002
Total equity and liabilities			18,784		12,984

Report 2019