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
