Consolidated balance sheet

€ million	Note	2023		2022
Assets
Non-current assets
Property, plant and equipment	3	9,972		9,091
Right-of-use assets	3	130		122
Intangible assets	4	316		317
Investments in associates and joint ventures	5	11		16
Other financial assets	7	38		39
Deferred tax assets	17	42		141
Total non-current assets			10,509		9,726

Current assets
Inventories	9	193		141
Trade and other receivables	10	473		330
Other financial assets	7	47		128
Cash and cash equivalents	11	244		205
Total current assets			957		804

Assets held for sale	33		180		162

Total assets			11,646		10,692

Equity and liabilities
Equity	12
Share capital		684		684
Share premium		671		671
Subordinated perpetual bond loan		495		495
Hedge reserve		5		5
Other reserves		2,627		2,517
Result for the year		267		198
Total equity			4,749		4,570

Liabilities
Long-term liabilities
Interest-bearing debt	13	3,137		3,000
Lease liabilities	19	107		102
Deferred income	14	2,021		1,965
Provisions for employee benefits	15	20		18
Deferred tax liabilities	17	-		-
Other provisions	16	11		13
Total long-term liabilities			5,296		5,098

Short-term liabilities
Trade and other payables	18	171		155
Tax liabilities	18	117		49
Interest-bearing debt	13	901		426
Lease liabilities	19	23		21
Provisions for employee benefits	15	46		35
Accruals	8, 18	323		322
Total short-term liabilities			1,581		1,008

Total liabilities			6,877		6,106

Liabilities held for sale			20		16

Total equity and liabilities			11,646		10,692