Condensed consolidated balance sheet

IFRS 16 “Leases” was adopted per January 1, 2019, applying the modified retrospective approach. The adoption of IFRS 16 has led to recognition on the balance sheet of € 435 million Right-of-use assets, of which €65 million previously was recorded on other lines in the balance sheet (€ 414 million as at March 31, 2019), as well as €370 million Lease liabilities (€346 million as at March 31, 2019). The 2018 comparative figures have not been restated. For more information on the 2019 opening balance sheet adjustments, please refer to Notes to the condensed financial statements.

Condensed consolidated balance sheet

in € millions

December 31, 2018

March 31, 2019

Assets

 

 

Non-current assets

 

 

Intangible assets

3,458

3,447

Property, plant and equipment

1,748

1,733

Right-of-use asset

414

Other financial non-current assets

1,965

2,619

Total non-current assets

7,171

8,213

 

 

 

Current assets

 

 

Inventories

1,139

1,226

Trade and other receivables

2,141

2,406

Other current assets

74

81

Short-term investments

5,460

2,701

Cash and cash equivalents

2,799

1,334

Total current assets

11,613

7,748

Total assets

18,784

15,961

 

 

 

Equity and liabilities

 

 

Group equity

12,038

8,825

 

 

 

Non-current liabilities

 

 

Provisions and deferred tax liabilities

1,267

1,336

Long-term borrowings

1,799

2,065

Total non-current liabilities

3,066

3,401

 

 

 

Current liabilities

 

 

Short-term borrowings

599

710

Trade and other payables

2,645

2,595

Other short-term liabilities

436

430

Total current liabilities

3,680

3,735

Total equity and liabilities

18,784

15,961