Consolidated statement of financial position
As at 31 December
EUR million Note 2017 2016
Assets
Goodwill O 11 237 238
Other intangible assets O 11 229 180
Property, plant and equipment O 11 5 310 5 611
11 5 776 6 029
Biological assets O 12 448 489
Emission rights O 12 14
Equity accounted investments O 13 1 600 1 594
Available-for-sale investments: listed securities I 14 21 42
Available-for-sale investments: operative O 14 318 253
Non-current loan receivables I 17 55 7
Deferred tax assets T 9 154 214
Other non-current assets O 15 50 57
Non-current Assets 8 434 8 699
Inventories O 16 1 321 1 346
Tax receivables T 9 9 9
Operative receivables O 17 1 319 1 273
Interest-bearing receivables I 17 80 46
Cash and cash equivalents I 607 953
Current Assets 3 336 3 627
Total Assets 11 770 12 326
Equity and Liabilities
Share capital 18 1 342 1 342
Share premium 77 77
Fair value reserve 27 210 136
Cumulative translation adjustment 28 -288 -32
Invested non-restricted equity fund 633 633
Retained earnings 3 409 3 187
Net profit for the year 625 463
Equity Attributable to Owners of the Parent 6 008 5 806
Non-controlling Interests 19 47 62
Total Equity 6 055 5 868
Post-employment benefit provisions O 20 377 436
Other provisions O 22 111 114
Deferred tax liabilities T 9 166 203
Non-current debt I 26 2 046 2 655
Other operative liabilities O 23 52 61
Non-current Liabilities 2 752 3 469
Current portion of non-current debt I 26 370 552
Interest-bearing liabilities I 26 596 563
Bank overdrafts I 26 4 4
Other provisions O 22 23 20
Other operative liabilities O 23 1 888 1 774
Tax liabilities T 9 82 76
Current Liabilities 2 963 2 989
Total Liabilities 5 715 6 458
Total Equity and Liabilities 11 770 12 326
Items designated "O" comprise Operating Capital, items designated "I" comprise Interest-bearing Net Liabilities, items designated "T" comprise Net Tax Liabilities. The accompanying Notes are an integral part of these Consolidated financial statements.

Dear reader,

The Stora Enso Financial Report is optimised for mobile devices, but for the best experience, we recommend that you use a larger screen size.