Consolidated balance sheet, before allocation of profit

In € millions, at December 31	Note		2020		2021

Assets

Non-current assets
Intangible assets	11	3,554		3,690
Property, plant and equipment	12	1,621		1,800
Right-of-use assets	13	324		304
Deferred tax assets	9	497		482
Investments in associates and joint ventures	14	166		178
Financial non-current assets	15	1,951		2,076
Total non-current assets			8,113		8,530

Current assets
Inventories	16	1,159		1,650
Current tax assets	9	55		149
Trade and other receivables	17	1,994		2,339
Short-term investments	21	250		58
Cash and cash equivalents	21	1,606		1,152
Total current assets			5,064		5,348
Total assets			13,177		13,878

Equity and liabilities

Equity
Shareholders’ equity	18	5,746		5,425
Non-controlling interests	18	204		211
Group equity			5,950		5,636

Non-current liabilities
Post-retirement benefit provisions	19	664		578
Other provisions	20	232		234
Deferred tax liabilities	9	467		567
Long-term borrowings	21	2,771		1,994
Total non-current liabilities			4,134		3,373

Current liabilities
Short-term borrowings	21	119		1,556
Current tax liabilities	9	162		216
Trade and other payables	22	2,580		2,948
Current portion of provisions	19, 20	232		149
Total current liabilities			3,093		4,869
Total equity and liabilities			13,177		13,878

Report 2021