Condensed consolidated statement of financial position

(in millions of euros)

 

 

 

 

 

December 31, 2011

December 31, 2010

 

 

 

 

 

Non-current assets

 

 

 

 

Goodwill and intangible assets

4,729

 

4,584

 

Property, plant, and equipment

142

 

148

 

Investments in equity-accounted investees

65

 

63

 

Financial assets

89

 

73

 

Deferred tax assets

80

 

89

 

Total non-current assets

 

5,105

 

4,957

 

 

 

 

 

Current assets

 

 

 

 

Inventories

81

 

85

 

Trade and other receivables

1,099

 

1,052

 

Income tax receivable

30

 

5

 

Cash and cash equivalents

295

 

458

 

Assets held for sale

81

 

-

 

Total current assets

1,586

 

1,600

 

 

 

 

 

 

Current liabilities

 

 

 

 

Deferred income

1,208

 

1,142

 

Trade and other payables

388

 

337

 

Income tax payable

26

 

43

 

Short-term provisions

60

 

24

 

Borrowings and bank overdrafts

346

 

377

 

Other current liabilities

439

 

457

 

Liabilities held for sale

50

 

-

 

Total current liabilities

2,517

 

2,380

 

Working capital

 

(931)

 

(780)

 

 

 

 

 

Capital employed

 

4,174

 

4,177

 

 

 

 

 

Non-current liabilities

 

 

 

 

Long-term debt

2,158

 

2,141

 

Deferred tax liabilities

251

 

243

 

Employee benefits

182

 

152

 

Provisions

22

 

10

 

Total non-current liabilities

2,613

 

2,546

 

 

 

 

 

 

Equity

 

 

 

 

Issued share capital

36

 

36

 

Share premium reserve

88

 

88

 

Other reserves

1,416

 

1,488

 

Equity attributable to owners of the Company

 

1,540

 

1,612

Non-controlling interests

 

21

 

19

Total equity

 

1,561

 

1,631

 

 

 

 

 

Total financing

 

4,174

 

4,177

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