Consolidated balance sheet

€ million	Note	2024		2023
Assets
Non-current assets
Property, plant and equipment	3	11,195		9,972
Right-of-use assets	3	157		130
Intangible assets	4	317		316
Investments in associates and joint ventures	5	12		11
Other financial assets	7	38		38
Deferred tax assets	17	-		42
Total non-current assets			11,719		10,509

Current assets
Inventories	9	197		193
Trade and other receivables	10	536		473
Other financial assets	7	-		47
Cash and cash equivalents	11	496		244
Total current assets			1,229		957

Assets held for sale	33		8		180

Total assets			12,956		11,646

Equity and liabilities
Equity	12
Share capital		684		684
Share premium		671		671
Subordinated perpetual bond loans		990		495
Hedge reserve		4		5
Other reserves		2,713		2,627
Result for the year		976		267
Total equity			6,038		4,749

Liabilities
Long-term liabilities
Interest-bearing debt	13	3,872		3,137
Lease liabilities	19	115		107
Deferred income	14	2,050		2,021
Provisions for employee benefits	15	19		20
Deferred tax liabilities	17	6		-
Other provisions	16	30		11
Total long-term liabilities			6,092		5,296

Short-term liabilities
Trade and other payables	18	256		171
Tax liabilities	18	108		117
Interest-bearing debt	13	1		901
Lease liabilities	19	25		23
Provisions for employee benefits	15	51		46
Accruals	8, 18	375		323
Total short-term liabilities			816		1,581

Total liabilities			6,908		6,877

Liabilities held for sale	33		10		20

Total equity and liabilities			12,956		11,646