Capital Structure
Capital Structure
Net Financial Position
€ million
Liquidity Profile
€ million
| Liquidity position1 | 1,669 |
| Committed lines not drawn | 1,500 |
| Liquidity margin* | 3,169 |
|---|
*Liquidity Margin covering 4.5 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 (1,669) | |
| Bond | 1,680 | ||
| IFRS 16 | 486 | Financial receivables & other (239) | |
| Other | 171 | ||
| Total | 3,833 | (1,907) | 1,926 |
Liquidity Profile
€ million
| Liquidity position1 | 1,669 |
| Committed lines not drawn | 1,500 |
| Liquidity margin | 3,169 |
|---|
Gross Debt Maturity
€ million
| 2025 | 2026 | 2027 | 2028 | 2029 | 2030 & beyond | Total Gross Debt | |
|---|---|---|---|---|---|---|---|
| Loan | - | 300 | 599 | 598 | - | - | 1,497 |
| Bond | 490 | - | - | 596 | 594 | - | 1,680 |
| IFRS 16 | 105 | 89 | 75 | 57 | 41 | 118 | 486 |
| Other | 169 | - | 2 | - | - | - | 171 |
| Total | 764 | 388 | 676 | 1,251 | 635 | 118 | 3,833 |
Debt Currency Mix2
Share of debt
| EUR | BRL | GBP | RUB | CNY | RON | Other | Total |
|---|---|---|---|---|---|---|---|
| 80.8% | 7.7% | 3.7% | 0.8% | 1.0% | 1.5% | 4.5% | 100.0% |
1. Including assets at FV through P&L.
2. Based on average gross debt and hedging of intragroup financing.