Balance sheet

as of December 31, before allocation of profit

Balance sheet as of December 31, before allocation of profit
In € millions	Note		2019		2020

Assets

Non-current assets
Intangible assets	C	45		71
Deferred tax assets		30		31
Financial non-current assets	D	11,495		12,225
Total non-current assets			11,570		12,327

Current assets
Short-term receivables	E	160		182
Short-term investments	G	120		245
Cash and cash equivalents	G	458		736
Total current assets			738		1,163
Total assets			12,308		13,490

Equity and liabilities

Equity
Subscribed share capital		100		95
Other legal reserves		211		246
Cumulative translation reserves		(469)		(873)
Actuarial gains and losses		(2,684)		(2,587)
Other reserves		8,735		8,317
Undistributed results		457		548
Shareholders’ equity	F		6,350		5,746

Provisions			23		13

Non-current liabilities
Long-term borrowings	G	5,682		7,515
Total non-current liabilities			5,682		7,515

Current liabilities
Short-term borrowings	G	36		3
Other current liabilities	H	217		213
Total current liabilities			253		216
Total equity and liabilities			12,308		13,490