Consolidated statement of financial position as at 31 December
(x €1,000)
| Notes | 2017 | 2016 | |
| Non-current assets | |||
| Property, plant and equipment | 7 | 281,874 | 270,173 |
| Intangible assets | 8 | 403,718 | 389,992 |
| PPP receivables | 10 | 240,687 | 296,395 |
| Investments | 11 | 95,594 | 85,866 |
| Other financial assets | 19 | 91,903 | 92,044 |
| Derivative financial instruments | 20 | 464 | - |
| Employee benefits | 22 | 75,020 | 62,773 |
| Deferred tax assets | 217,971 | 248,845 | |
| 1,407,231 | 1,446,088 | ||
| Current assets | |||
| Inventories | 12 | 606,731 | 645,433 |
| Trade and other receivables | 13 | 1,845,399 | 1,934,542 |
| Income tax receivable | 6,462 | 6,226 | |
| Derivative financial instruments | 19 | 1,058 | 983 |
| Cash and cash equivalents | 14 | 695,779 | 738,577 |
| 3,155,429 | 3,325,761 | ||
| Assets held for sale | 35 | 8,516 | 40,245 |
| 3,163,945 | 3,366,006 | ||
| Total assets | 4,571,176 | 4,812,094 | |
| Equity attributable to the shareholders of Company | |||
| Share capital | 15 | 839,311 | 839,311 |
| Reserves | 16 | (157,923) | (170,252) |
| Retained earnings | 170,830 | 165,191 | |
| 852,218 | 834,250 | ||
| Non-controlling interests | 5,556 | 5,061 | |
| Total Equity | 857,774 | 839,311 | |
| Non-current liabilities | |||
| Borrowings | 18 | 398,146 | 463,515 |
| Derivative financial instruments | 19 | 14,952 | 20,347 |
| Employee benefits | 20 | 118,512 | 144,708 |
| Provisions | 21 | 65,611 | 86,058 |
| Deferred tax liabilities | 22 | 28,062 | 26,287 |
| 625,283 | 740,915 | ||
| Current liabilities | |||
| Borrowings | 18 | 104,944 | 148,131 |
| Trade and other payables | 23 | 2,917,155 | 3,004,428 |
| Derivative financial instruments | 19 | 133 | 4,354 |
| Provisions | 21 | 48,268 | 55,805 |
| Income tax payable | 21 | 17,619 | 14,817 |
|
3,088,119 |
3,227,535 | ||
| Liabilities held for sale | 35 | - | 4,333 |
| 3,088,119 | 3,231,868 | ||
| Total equity and liabilities | 4,571,176 | 4,812,094 | |
| Capital base | 17 | 967,205 | 946,741 |
The notes on pages 153 to 228 are an integral part of these consolidated financial statements.