Financial Liabilities

Net Financial Debt1) Dec. 31, 2016
(€ million)
Dec. 31, 2017
(€ million)
Dec. 31, 2018
(€ million)
Bonds  1,494 1,495      996
Liabilities to banks 133 69  24

Liabilities under finance leases

 265  223  193
Liabilities from derivatives 33  9 12
Other financial liabilities 6  - -
Positive fair values of hedges of recorded transactions -15  -15 -12
Financial liabilities
1,916  1,781 1,213
Cash and cash equivalents -267  -1,232 -865
Current financial assets -150  -266 -
Net financial debt
1,499

283

348

1)Net financial debt is not defined in the International Financial Reporting Standards and is calculated as shown

 

Our balanced maturity profile contributes to minimise refinancing risks. Furthermore, the multicurrency revolving credit facility serves as a liquidity reserve.

Bond maturity profile

Bonds in € Million                                                                                              Version of Dec. 31, 2017

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