Danone // 2020 Universal Registration Document

3 Business highlights in 2020 and outlook for 2021 3.4 Balance sheet and financial security review 51 DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 3.4 BALANCE SHEET AND FINANCIAL SECURITY REVIEW CONDENSED CONSOLIDATED BALANCE SHEET As of December 31 (in € millions) 2019 2020 Non-current assets 35,244 32,139 Current assets 10,118 10,638 Total assets 45,362 42,776 Equity – Group share 17,241 16,205 Non-controlling interests 137 93 Non-current liabilities 16,731 16,141 Current liabilities 11,253 10,338 Total equity and liabilities 45,362 42,776 Net debt 12,819 11,941 Net financial debt 12,337 11,579 FINANCING STRUCTURE AND FINANCIAL SECURITY Liquidity risk exposure and management policy See Note 11 of the Notes to the consolidated financial statements. In particular, Danone manages its liquidity risk and its financing at Company level. Financing situation and liquidity risk Main financing transactions in 2020 Year ended December 31 2020 (in millions of currency) Currency Nominal Maturity New financing Eurobonds EUR 800 2027 Eurobonds EUR 800 2029 Repayments Eurobonds EUR 550 2020 Eurobonds EUR 500 2020 Eurobonds EUR 1,000 2020