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4.1 CONSOLIDATED FINANCIAL STATEMENTS AND NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Consolidated financial statements
DANONE
REGISTRATION DOCUMENT 2015
74
Consolidated balance sheet
As of December 31
(in € millions)
Notes
2014
2015
Assets
Goodwill
11,582
11,653
Brands
4,337
3,833
Other intangible assets
315
292
Intangible assets
9.1 to 9.3
16,234
15,779
Property, plant and equipment
5.5
4,582
4,752
Investments in associates
4.1 to 4.8
2,146
2,882
Investments in other non-consolidated companies
92
70
Long-term loans and other long-term financial assets
228
204
Other financial investments
11.1, 11.2
320
274
Derivatives – assets
(a)
12.4, 12.5
153
125
Deferred taxes
8.2
836
902
Non-current assets
24,272
24,715
Inventories
5.4
1,340
1,374
Trade receivables
5.4
1,900
2,230
Other receivables
5.4
974
1,029
Short-term loans
30
40
Derivatives – assets
(a)
12.4, 12.5
28
120
Short-term investments
10.4
2,317
2,514
Cash and cash equivalents
880
519
Assets held for sale
6.2
8
171
Current assets
7,476
7,998
Total assets
31,747
32,712
(a) Derivative instruments used to manage net debt. As regards the position as of December 31, 2014, the current portion was presented under the non-current
heading in the financial statements for the year endedDecember 31, 2014 andwas reclassified in the financial statements for the year endedDecember 31, 2015.