Consolidated balance sheet, before allocation of profit

In € millions, at December 31	Note		2019		2020

Assets

Non-current assets
Intangible assets	11	3,625		3,554
Property, plant and equipment	12	1,700		1,621
Right-of-use assets	13	374		324
Deferred tax assets	9	529		497
Investments in associates and joint ventures	14	150		166
Financial non-current assets	15	1,862		1,951
Total non-current assets			8,240		8,113

Current assets
Inventories	16	1,139		1,159
Current tax assets	9	63		55
Trade and other receivables	17	2,133		1,994
Short-term investments	21	138		250
Cash and cash equivalents	21	1,271		1,606
Total current assets			4,744		5,064
Total assets			12,984		13,177

Equity and liabilities

Equity
Shareholders’ equity	18	6,350		5,746
Non-controlling interests	18	218		204
Group equity			6,568		5,950

Non-current liabilities
Post-retirement benefit provisions	19	701		664
Other provisions	20	280		232
Deferred tax liabilities	9	391		467
Long-term borrowings	21	2,042		2,771
Total non-current liabilities			3,414		4,134

Current liabilities
Short-term borrowings	21	169		119
Current tax liabilities	9	196		162
Trade and other payables	22	2,406		2,580
Current portion of provisions	19, 20	231		232
Total current liabilities			3,002		3,093
Total equity and liabilities			12,984		13,177

Report 2020