Consolidated statement of financial position

millions of €
  June 30, 2018 Dec. 31, 2017 Change Change % June 30, 2017
ASSETS          
CURRENT ASSETS 20,213 20,392 (179) (0.9) 17,808
Cash and cash equivalents 2,943 3,312 (369) (11.1) 2,441
Trade and other receivables 8,921 9,723 (802) (8.2) 9,161
Contract assets 1,715 n. a. n. a. n. a. n. a.
Current recoverable income taxes 283 236 47 19.9 181
Other financial assets 2,585 3,329 (744) (22.3) 2,116
Inventories 1,571 1,985 (414) (20.9) 1,729
Other assets 2,020 1,646 374 22.7 1,975
Non-current assets and disposal groups held for sale 175 161 14 8.7 204
NON-CURRENT ASSETS 119,536 120,943 (1,407) (1.2) 123,682
Intangible assets 63,636 62,865 771 1.2 64,809
Property, plant and equipment 47,844 46,878 966 2.1 46,203
Capitalized contract costs 1,445 n. a. n. a. n. a. n. a.
Investments accounted for using the equity method 568 651 (83) (12.7) 606
Other financial assets 1,812 5,716 (3,904) (68.3) 6,417
Deferred tax assets 3,299 4,013 (714) (17.8) 4,898
Other assets 930 819 111 13.6 748
TOTAL ASSETS 139,749 141,334 (1,585) (1.1) 141,490
LIABILITIES AND SHAREHOLDERS’ EQUITY          
CURRENT LIABILITIES 23,454 27,366 (3,912) (14.3) 27,200
Financial liabilities 6,708 8,358 (1,650) (19.7) 10,351
Trade and other payables 8,924 10,971 (2,047) (18.7) 8,735
Income tax liabilities 353 224 129 57.6 358
Other provisions 2,784 3,372 (588) (17.4) 2,796
Other liabilities 2,823 4,440 (1,617) (36.4) 4,959
Contract liabilities 1,861 n. a. n. a. n. a. n. a.
Liabilities directly associated with non-current assets and disposal groups held for sale n. a. 0
NON-CURRENT LIABILITIES 74,892 71,498 3,394 4.7 75,696
Financial liabilities 54,554 49,171 5,383 10.9 50,638
Provisions for pensions and other employee benefits 5,650 8,375 (2,725) (32.5) 8,113
Other provisions 3,143 3,155 (12) (0.4) 3,215
Deferred tax liabilities 7,500 6,967 533 7.7 9,582
Other liabilities 3,473 3,831 (358) (9.3) 4,148
Contract liabilities 573 n. a. n. a. n. a. n. a.
LIABILITIES 98,346 98,864 (518) (0.5) 102,896
SHAREHOLDERS’ EQUITY 41,403 42,470 (1,067) (2.5) 38,594
Issued capital 12,189 12,189 0 n. a. 12,189
Treasury shares (49) (49) 0 n. a. (49)
  12,141 12,140 1 0.0 12,140
Capital reserves 54,573 55,010 (437) (0.8) 54,574
Retained earnings including carryforwards (37,635) (38,750) 1,115 2.9 (38,622)
Total other comprehensive income (944) (1,127) 183 16.2 (558)
Net profit (loss) 1,487 3,461 (1,974) (57.0) 1,621
ISSUED CAPITAL AND RESERVES ATTRIBUTABLE
TO OWNERS OF THE PARENT
29,621 30,734 (1,113) (3.6) 29,155
Non-controlling interests 11,782 11,737 45 0.4 9,439
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 139,749 141,334 (1,585) (1.1) 141,490
The new accounting standards IFRS 15 “Revenue from Contracts with Customers” and IFRS 9 “Financial Instruments” took effect as of January 1, 2018. Prior-year figures were not adjusted. For more information, please refer to the section “Accounting policies”.