Company balance sheet (as at 31 December, before appropriation of profit)

€ million	Note	2025		2024
Assets
Non-current assets
Property, plant and equipment	37	254		268
Right-of-use assets	37	114		122
Intangible assets	38	117		68
Investments in subsidiaries and associates	39	5,081		4,149
Other financial assets	40	4,703		4,707
Total non-current assets			10,269		9,314

Current assets
Other receivables	41	71		114
Current financial assets	41	-		-
Receivables from subsidiaries	41	896		383
Cash and cash equivalents	42	303		493
Total current assets			1,270		990

Assets held for sale			-		-

Total assets			11,539		10,304

Equity and liabilities
Equity	43
Share capital		684		684
Share premium		671		671
Legal reserve¹		37		-
Subordinated perpetual bond loan¹		991		990
Hedge reserve¹		2		4
Other reserves		3,529		2,713
Result for the year		289		976
Total equity			6,203		6,038

Liabilities
Long-term liabilities
Interest-bearing debt	44	4,567		3,873
Lease liabilities	45	93		103
Revenue recieved in advance	46	1		2
Provisions	47	26		18
Total long-term liabilities			4,687		3,996

Short-term liabilities
Current and accrued liabilities	48	624		247
Lease liabilities	45	25		22
Total short-term liabilities			649		269

Total liabilities			5,336		4,265

Liabilities held for sale			-		-

Total equity and liabilities			11,539		10,303

1The statutory reserve, subordinated perpetual bond loans and the hedge reserve are not freely distributable.