Capital Structure
Capital Structure
Net Financial Position
€ million
Liquidity Profile
€ million
| Liquidity position1 | 931 |
| Committed lines not drawn | 1,500 |
| Liquidity margin* | 2,431 |
|---|
*Sound liquidity margin covering maturities for the next 3.5 years
Gross Debt Maturity
€ million
Debt Currency Mix2
Share of debt
1. Including assets at FV through P&L.
2. Based on average gross debt and hedging of intragroup financing.
Net Financial Position
€ million
| Gross debt | Financial Assets | Net Financial Position | |
|---|---|---|---|
| Loan | 1,497 | Cash & Cash equivalents (931) | |
| Bond | 1,686 | ||
| IFRS 16 | 471 | Financial receivables & other (259) | |
| Other | 214 | ||
| Total | 3,868 | (1,189) | 2,679 |
Liquidity Profile
€ million
| Liquidity position1 | 931 |
| Committed lines not drawn | 1,500 |
| Liquidity margin | 2,431 |
|---|
Gross Debt Maturity
€ million
| 2025 | 2026 | 2027 | 2028 | 2029 | 2030 & beyond | Total Gross Debt | |
|---|---|---|---|---|---|---|---|
| Loan | - | 300 | 599 | 598 | - | - | 1,497 |
| Bond | 495 | - | - | 597 | 594 | - | 1,686 |
| IFRS 16 | 101 | 83 | 69 | 50 | 34 | 134 | 471 |
| Other | 193 | 20 | 1 | - | - | - | 214 |
| Total | 789 | 403 | 670 | 1,245 | 628 | 134 | 3,868 |
Debt Currency Mix2
Share of debt
| EUR | BRL | GBP | RUB | CNY | RON | Other | Total |
|---|---|---|---|---|---|---|---|
| 81.9% | 7.0% | 3.4% | 0.7% | 0.9% | 2.0% | 4.1% | 100.0% |
1. Including assets at FV through P&L.
2. Based on average gross debt and hedging of intragroup financing.