BALANCE SHEET

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Net Invested Capital

€ million

Source of Financing

€ million

€ million
FY 2020
FY 2021
FY 2022
FY 2023
FY 2024
Intangible assets 5,582 5,486 5,383 5,264 5,160
Tangible assets 3,160 3,289 3,400 3,409 3,428
Financial Investments 115 138 129 139 184
Net operating working capital 117 125 121 21 9
Other payables / receivables 23 1 42 46 42
Net Invested Capital 8,998 9,038 9,074 8,879 8,823
Net equity 4,552 5,043 5,454 5,620 5,912
Provisions 1,187 1,088 1,068 998 985
Net financial position 3,258 2,907 2,553 2,262 1,926
Source of financing 8,998 9,038 9,074 8,879 8,823

Last revised: 30 Apr 2025

Further information on the company's financial communications is available in the

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