Consolidated Balance Sheet
Consolidated Balance Sheet € in millions
| (Note) | Dec. 31 2006 |
Dec. 31 2005 |
Change |
|
| Cash and cash equivalents |
(6) | 311 | 1,525 | (79.6) |
| Short-term financial assets |
(7) | 36 | 61 | (40.8) |
| Accounts receivable |
(8) | 1,415 | 965 | 46.6 |
| Inventories |
(9) | 1,607 | 1,230 | 30.7 |
| Income tax receivables |
(28) | 84 | 49 | 71.2 |
| Other current assets |
(10) | 413 | 537 | (23.1) |
| Assets classified as held for sale |
(4) | 59 | — | — |
| Total current assets |
3,925 | 4,367 | (10.1) | |
| Property. plant and equipment, net |
(11) | 689 | 424 | 62.3 |
| Goodwill, net |
(12) | 1,516 | 436 | 247.5 |
| Trademarks , net |
(13) | 1,454 | 15 | 9,664.2 |
| Other intangible assets, net |
(13) | 223 | 76 | 192.1 |
| Long-term financial assets |
(14) | 106 | 114 | (7.5) |
| Deferred tax assets |
(28) | 332 | 195 | 69.9 |
| Other non-current assets |
(15) | 134 | 123 | 10.0 |
| Total non-current assets |
4,454 | 1,383 | 221.9 | |
| Total assets |
8,379 | 5,750 | 45.7 | |
| Accounts payable |
752 | 684 | 10.0 | |
| Income taxes |
(28) | 283 | 283 | 0.0 |
| Accrued liabilities and provisions |
(17) | 921 | 566 | 62.6 |
| Other current liabilities |
(18) | 232 | 190 | 22.0 |
| Liabilities classified as held for sale |
(4) | 4 | — | — |
| Total current liabilities |
2,192 | 1,723 | 27.2 | |
| Long-term borrowings |
(16) | 2,578 | 1,035 | 149.0 |
| Pensions and similar obligations |
(19) | 134 | 148 | (9.2) |
| Deferred tax liabilities |
(28) | 522 | 42 | 1,138.1 |
| Non-current accrued liabilities and provisions |
(17) | 74 | 67 | 10.5 |
| Other non-current liabilities |
(20) | 43 | 23 | 87.2 |
| Total non-current liabilities |
3,351 | 1,315 | 154.8 | |
| Share capital |
204 | 130 | 56.6 | |
| Reserves |
425 | 700 | (39.2) | |
| Retained earnings |
2,199 | 1,854 | 18.6 | |
| Shareholders’ equity |
(22) | 2,828 | 2,684 | 5.4 |
| Minority interests |
(21) | 8 | 28 | (73.2) |
| Total equity |
2,836 | 2,712 | 4.6 | |
| Total liabilities and equity |
8,379 | 5,750 | 45.7 | |
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