Financial Liabilities

Net Financial Debt * Dec. 31, 2016
(€ million)
Dec. 31, 2017 (€ million) Dec. 31, 2018 (€ million)
Bonds 1,494 1,495 996
Liabilities to banks 133 69 24
Liabilities under finance leases 265 223 193
Liabilities from derivatives 33 9 12
Other financial liabilities 6 - -
Positive fair values of hedges of recorded transactions -15 -15 -12
Financial liabilities 1,916 1,781 1,213
Cash and cash equivalents -267 -1,232 -865
Current financial assets -150 -266 -
Net financial debt 1,499 283 348

* Net financial debt is not defined in the International Financial Reporting Standards and is calculated as shown

Bond maturity profile

Version of December 31, 2018