Danone // 2020 Universal Registration Document

DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 62 4.1 Consolidated financial statements and notes to the consolidated financial statements CONSOLIDATED FINANCIAL STATEMENTS Consolidated balance sheet As of December 31 (in € millions) Notes 2019 2020 Assets Goodwill 18,125 17,016 Brands 6,329 5,669 Other intangible assets 348 351 Intangible assets 10.1 to 10.3 24,803 23,037 Property, plant and equipment 6.5 6,844 6,572 Investments in associates 5.1 to 5.8 2,055 915 Investments in other non-consolidated companies 131 225 Long-term loans and financial assets 351 344 Other financial assets 12.1, 12.2 482 569 Derivatives – assets (a) 13.2, 13.3 271 259 Deferred taxes 9.2 790 785 Non-current assets 35,244 32,139 Inventories 6.4 1,933 1,840 Trade receivables 6.4 2,906 2,608 Other current assets 6.4 940 1,000 Short-term loans 6 40 Derivatives – assets (a) 13.2, 13.3 16 27 Short-term investments 11.1, 11.5 3,631 3,680 Cash and cash equivalents 644 593 Assets held for sale 5.7 43 851 Current assets 10,118 10,638 Total assets 45,362 42,776 (a) Derivative instruments used to manage net debt.