Consolidated statement of financial position as at 31 December

(x €1,000) 

 

Notes

2016

2015

       

Non-current assets

     

Property, plant and equipment

7

270,173

292,159

Intangible assets

8

389,992

416,052

PPP receivables

9

296,395

279,074

Investments

10

85,866

94,052

Other financial assets

11

92,044

98,488

Derivative financial instruments

19

 - 

979

Employee benefits

20

62,773

74,684

Deferred tax assets

22

248,845

251,715

   

1,446,088

1,507,203

Current assets

     

Inventories

12

645,433

758,738

Trade and other receivables

13

1,934,542

1,891,776

Income tax receivable

 

6,226

9,306

Derivative financial instruments

19

983

6,200

Cash and cash equivalents

14

738,577

637,212

   

3,325,761

3,303,232

       

Assets held for sale

35

40,245

41,814

   

3,366,006

3,345,046

       

Total assets

 

4,812,094

4,852,249

       

Equity attributable to the shareholders of Company

     

Share capital

15

839,311

839,311

Reserves

16

(170,252)

(104,536)

Retained earnings

 

165,191

167,372

   

834,250

902,147

Non-controlling interests

 

5,061

3,638

Total Equity

 

839,311

905,785

       

Non-current liabilities

     

Borrowings

18

463,515

511,863

Derivative financial instruments

19

20,347

33,939

Employee benefits

20

144,708

151,731

Provisions

21

86,058

84,933

Deferred tax liabilities

22

26,287

30,959

   

740,915

813,425

       

Current liabilities

     

Borrowings

18

148,131

85,459

Trade and other payables

23

3,004,428

2,895,821

Derivative financial instruments

19

4,354

16,749

Provisions

21

55,805

65,258

Income tax payable

 

14,817

23,290

   

3,227,535

3,086,577

       

Liabilities held for sale

35

4,333

46,462

   

3,231,868

3,133,039

       

Total equity and liabilities

 

4,812,094

4,852,249

       

Capital base

17

946,741

1,026,482

The notes on pages 129 to 205 are an integral part of these consolidated financial statements.

 

Name

Company