Interim Consolidated financial statements

Consolidated statement of financial position

millions of €          
  June 30, 2017 Dec. 31, 2016 Change Change %  June 30, 2016
Assets          
Current assets 17,808 26,638 (8,830) (33.1) % 24,518
Cash and cash equivalents 2,441 7,747 (5,306) (68.5) % 7,207
Trade and other receivables 9,161 9,362 (201) (2.1) % 8,825
Current recoverable income taxes 181 218 (37) (17.0) % 159
Other financial assets 2,116 5,713 (3,597) (63.0) % 4,172
Inventories 1,729 1,629 100 6.1 % 1,890
Other assets 1,975 1,597 378 23.7 % 1,802
Non-current assets and disposal groups held for sale 204 372 (168) (45.2) % 463
           
Non-current assets 123,682 121,847 1,835 1.5 % 118,948
Intangible assets 64,809 60,599 4,210 6.9 % 58,269
Property, plant and equipment 46,203 46,758 (555) (1.2) % 44,901
Investments accounted for using the equity method 606 725 (119) (16.4) % 782
Other financial assets 6,417 7,886 (1,469) (18.6) % 9,218
Deferred tax assets 4,898 5,210 (312) (6.0) % 5,208
Other assets 748 669 79 11.8 % 570
           
Total assets 141,490 148,485 (6,995) (4.7) % 143,466
           
Liabilities and shareholders’ equity          
Current liabilities 27,200 33,126 (5,926) (17.9) % 30,286
Financial liabilities 10,351 14,422 (4,071) (28.2) % 12,570
Trade and other payables 8,735 10,441 (1,706) (16.3) % 9,442
Income tax liabilities 358 222 136 61.3 % 203
Other provisions 2,796 3,068 (272) (8.9) % 2,852
Other liabilities 4,959 4,779 180 3.8 % 5,129
Liabilities directly associated with non-current assets and disposal groups held for sale 0 194 (194) n. a. 90
           
Non-current liabilities 75,696 76,514 (818) (1.1) % 76,212
Financial liabilities 50,638 50,228 410 0.8 % 50,361
Provisions for pensions and other employee benefits 8,113 8,451 (338) (4.0) % 8,818
Other provisions 3,215 3,320 (105) (3.2) % 3,155
Deferred tax liabilities 9,582 10,007 (425) (4.2) % 9,529
Other liabilities 4,148 4,508 (360) (8.0) % 4,349
           
Liabilities 102,896 109,640 (6,744) (6.2) % 106,498
           
Shareholders’ equity 38,594 38,845 (251) (0.6) % 36,968
Issued capital 12,189 11,973 216 1.8 % 11,973
Treasury shares (49) (50) 1 2.0 % (50)
  12,140 11,923 217 1.8 % 11,923
Capital reserves 54,574 53,356 1,218 2.3 % 53,288
Retained earnings including carryforwards (38,622) (38,727) 105 0.3 % (39,007)
Total other comprehensive income (558) 78 (636) n. a. (1,958)
Net profit (loss) 1,621 2,675 (1,054) (39.4) % 3,746
Issued capital and reserves attributable to owners of the parent 29,155 29,305 (150) (0.5) % 27,992
Non-controlling interests 9,439 9,540 (101) (1.1) % 8,976
           
Total liabilities and shareholders’ equity 141,490 148,485 (6,995) (4.7) % 143,466