Condensed consolidated balance sheet

IFRS 16 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 €432 million Right-of-use assets, of which €65 million previously was recorded on other lines in the balance sheet (€374 million as at December 31, 2019), as well as €400 million lease liabilities, of which €37 million were previously recorded as financial lease liabililities (€352 million as at December 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

December 31, 2019

Assets

 

 

Non-current assets

 

 

Intangible assets

3,458

3,625

Property, plant and equipment

1,748

1,700

Right-of-use assets

374

Other non-current assets

1,965

2,541

Total non-current assets

7,171

8,240

 

 

 

Current assets

 

 

Inventories

1,139

1,139

Trade and other receivables

2,141

2,133

Other current assets

74

63

Short-term investments

5,460

138

Cash and cash equivalents

2,799

1,271

Total current assets

11,613

4,744

Total assets

18,784

12,984

 

 

 

Equity and liabilities

 

 

Group equity

12,038

6,568

 

 

 

Non-current liabilities

 

 

Provisions and deferred tax liabilities

1,267

1,372

Long-term borrowings

1,799

2,042

Total non-current liabilities

3,066

3,414

 

 

 

Current liabilities

 

 

Short-term borrowings

599

169

Trade and other payables

2,645

2,406

Other short-term liabilities

436

427

Total current liabilities

3,680

3,002

Total equity and liabilities

18,784

12,984