Consolidated statement of financial position

Before profit appropriation, millions of euros	Note	As at 31-12-2021	As at 31-12-2020
Assets
Property, plant, and equipment	10	466.8	355.4
Right-of-use assets	11	66.1	51.1
Intangible fixed assets	12	157.9	165.7
Investments in joint ventures and associates	13	23.2	15.3
Long-term employee benefits	21	0.5	15.1
Other non-current financial assets	14	94.8	73.7
Deferred tax assets	22	27.3	13.1
Total non-current assets		836.6	689.4

Inventories	15	230.0	164.8
Trade receivables	16	163.2	123.7
Other receivables	16	58.2	31.4
Income tax receivables		9.8	1.8
Cash and cash equivalents	17	42.2	51.6
Assets held for sale	18	1.1	11.8
Total current assets		504.5	385.1

Total assets		1,341.1	1,074.5

Equity and liabilities
Equity	19	554.1	516.0

Borrowings	23	359.1	239.5
Lease liabilities	11	59.5	44.9
Long-term employee benefits	21	5.1	6.4
Deferred tax liabilities	22	25.4	15.3
Other non-current liabilities	24	16.9	18.5
Total non-current liabilities		466.0	324.6

Borrowings	23	74.7	42.4
Lease liabilities	11	9.9	9.0
Provisions	20	8.9	8.7
Income tax payables		1.7	9.1
Trade payables		128.0	99.4
Other current liabilities	25	97.8	64.2
Liabilities directly associated with assets held for sale	18		1.1
Total current liabilities		321.0	233.9

Total liabilities		787.0	558.5

Total equity and liabilities		1,341.1	1,074.5