Balance sheet of Solvay SA (summary)
In € million |
2017 |
2016 |
||
ASSETS |
||||
Fixed assets |
12,996 |
18,255 |
||
Start-up expenses and intangible assets |
176 |
94 |
||
Property, plant and equipment |
50 |
51 |
||
Financial assets |
12,770 |
18,110 |
||
Current assets |
7,177 |
1,234 |
||
Inventories |
1 |
4 |
||
Trade receivables |
1,033 |
181 |
||
Other receivables |
5,875 |
103 |
||
Short-term investments and cash equivalents |
230 |
924 |
||
Accrued income and deferred charges |
38 |
22 |
||
Total assets |
20,173 |
19,489 |
||
SHAREHOLDERS' EQUITY AND LIABILITIES |
||||
Shareholders' equity |
11,077 |
10,726 |
||
Capital |
1,588 |
1,588 |
||
Issue premiums |
1,200 |
1,200 |
||
Reserves |
1,982 |
1,982 |
||
Net income carried forward |
6,307 |
5,955 |
||
Provisions and deferred taxes |
254 |
369 |
||
Financial debt |
3,248 |
7,662 |
||
due in more than one year |
2,450 |
4,252 |
||
due within one year |
798 |
3,410 |
||
Trade liabilities |
144 |
179 |
||
Other liabilities |
5,410 |
477 |
||
Accruals and deferred income |
40 |
76 |
||
Total shareholders' equity and liabilities |
20,173 |
19,489 |
||
In the balance sheet as of December 31, 2017, Solvay SA net indebtedness totals €1,900 million (versus €4,203 million in 2016) and includes:
- internal bank accounts transferred from Solvay CICC that are included in other receivables for €1,854 million and in other liabilities for €4,919 million,
- intercompany loans included in financial assets for €245 million (versus €2,536 million at the end of 2016) and other receivables for €3,936 million and borrowings in financial debt for €1,200 million (versus €4,907 million at the end of 2016),
- short term investment and cash equivalent for €230 million. In 2016, the amount of cash (against the internal bank) amounted to €924 million, and
- External debts (outside Solvay Group) in financial debts for €2,045 million (versus € 2,750 million at the end of 2016).
The reduction in the net indebtedness amounts to €2,303 million and results mainly from transfer of investments in affiliates for €3,024 million partly offset by the acquisition of trade receivables without recourse for circa €1 billion.
Other liabilities include the dividend to be paid in 2018 (€381 million).