Consolidated statement of financial position as at 31 December

(x €1,000)

 

Notes

31 December
2018

 

  31 December
2017 Restated*

1
January
2017 Restated*

Non-current assets

 

 

 

 

Property, plant and equipment

7

289,607

281,874

270,173

Intangible assets

8

407,988

403,718

389,992

PPP receivables

9

85,298

240,687

296,395

Investments

10

109,555

95,594

85,866

Other financial assets 1

11

101,332

91,903

92,044

Derivative financial instruments

19

1

464

-

Employee benefits

20

111,219

75,020

62,773

Deferred tax assets

22

165,557

235,023

256,597

   


 

 

1,270,557

1,424,282

1,453,839

Current assets

 

 

 

 

Inventories

12

577,991

606,731

645,433

Trade and other receivables

13

1,972,040

1,744,655

1,868,069

Income tax receivable

 

4,564

7,547

4,976

Derivative financial instruments

19

641

1,058

983

Cash and cash equivalents

14

743,674

695,779

738,577

   


 

 

3,298,910

3,055,770

3,258,038

 

 

 

 

 

Assets held for sale

35

8,516

8,516

40,245

   


 

 

3,307,426

3,064,286

3,298,283

         
   


Total assets

 

4,577,983

4,488,568

4,752,123

   


         

Equity attributable to the shareholders of Company

 

 

 

 

Share capital and premium

15

839,311

839,311

839,311

Reserves

16

(164,966)

(152,815)

(170,252)

Retained earnings

 

54,686

34,760

55,432

   


 

 

729,031

721,256

724,491

Non-controlling interests

 

5,857

5,556

5,061

   


Total Equity

 

734,888

726,812

729,552

 

 

 

 

 

Non-current liabilities

 

 

 

 

Borrowings

18

280,019

398,146

463,515

Derivative financial instruments

19

9,691

14,952

20,346

Employee benefits

20

119,950

118,512

144,708

Provisions

21

141,803

128,622

124,789

Deferred tax liabilities

22

39,722

28,062

26,287

   


 

 

591,185

688,295

779,645

Current liabilities

 

 

 

 

Borrowings

18

62,758

104,944

148,131

Trade and other payables

23

3,081,135

2,856,021

2,969,184

Derivative financial instruments

19

272

133

4,354

Provisions

21

95,837

94,849

102,107

Income tax payable

 

11,908

17,514

14,817

   


 

 

3,251,910

3,073,461

3,238,593

 

 

 

 

 

Liabilities held for sale

35

-

-

4,333

   


 

 

3,251,910

3,073,461

3,242,926

   


Total equity and liabilities

 

4,577,983

4,488,568

4,752,123

   


         

Capital base

17

846,668

836,243

836,982

* The comparative figures, where applicable, have been restated for IFRS 15. See note 2.
1 Other financial assets are divided into two classes resulting from the implementation of IFRS 9. See note 2 and 11.

The notes on pages 107 to 189 are an integral part of these consolidated financial statements.

 

Name

Company