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 €420 million Right-of-use assets, of which €65 million previously was recorded on other lines in the balance sheet (€371 million as at September 30, 2019), as well as €355 million lease liabilities (€349 million as at September 30, 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.
in € millions |
December 31, 2018 |
September 30, 2019 |
|---|---|---|
Assets |
|
|
Non-current assets |
|
|
Intangible assets |
3,458 |
3,403 |
Property, plant and equipment |
1,748 |
1,668 |
Right-of-use assets |
– |
371 |
Other financial non-current assets |
1,965 |
2,704 |
Total non-current assets |
7,171 |
8,146 |
|
|
|
Current assets |
|
|
Inventories |
1,139 |
1,221 |
Trade and other receivables |
2,141 |
2,404 |
Other current assets |
74 |
73 |
Short-term investments |
5,460 |
1,576 |
Cash and cash equivalents |
2,799 |
625 |
Total current assets |
11,613 |
5,899 |
Total assets |
18,784 |
14,045 |
|
|
|
Equity and liabilities |
|
|
Group equity |
12,038 |
7,019 |
|
|
|
Non-current liabilities |
|
|
Provisions and deferred tax liabilities |
1,267 |
1,394 |
Long-term borrowings |
1,799 |
2,038 |
Total non-current liabilities |
3,066 |
3,432 |
|
|
|
Current liabilities |
|
|
Short-term borrowings |
599 |
700 |
Trade and other payables |
2,645 |
2,454 |
Other short-term liabilities |
436 |
440 |
Total current liabilities |
3,680 |
3,594 |
Total equity and liabilities |
18,784 |
14,045 |