Danone // 2020 Universal Registration Document

4 63 DANONE UNIVERSAL REGISTRATION DOCUMENT 2020 4.1 Consolidated financial statements and notes to the consolidated financial statements CONSOLIDATED FINANCIAL STATEMENTS As of December 31 (in € millions) Notes 2019 2020 Equity and liabilities Share capital 172 172 Additional paid-in capital 5,859 5,889 Retained earnings and others (a) 1.3, 11.3 16,491 17,374 Translation adjustments (2,941) (4,867) Accumulated other comprehensive income (729) (768) Treasury shares 14.2 (1,610) (1,595) Equity – Group share 17,241 16,205 Non-controlling interests 4.5 137 93 Consolidated equity 17,378 16,298 Financing 11.1 to 11.4 12,875 12,272 Derivatives – liabilities (b) 13.2, 13.3 19 63 Liabilities related to put options granted to non-controlling interests 4.5 13 7 Non-current financial debt 12,906 12,343 Provisions for retirement obligations and other long-term benefits 8.3 1,091 1,220 Deferred taxes 9.2 1,556 1,474 Other non-current provisions and liabilities 15.2, 15.3 1,178 1,104 Non-current liabilities 16,731 16,141 Financing 11.1 to 11.4 3,996 3,762 Derivatives – liabilities (b) 13.2, 13.3 9 40 Liabilities related to put options granted to non-controlling interests 4.5 469 355 Current financial debt 4,474 4,157 Trade payables 6.4 3,959 3,467 Other current liabilities 6.4 2,819 2,714 Liabilities directly associated with assets held for sale − − Current liabilities 11,253 10,338 Total equity and liabilities 45,362 42,776 (a) “Others” corresponds to undated subordinated notes totaling €1.25 billion. (b) Derivative instruments used to manage net debt.