Financial Liabilities
| Net Financial Debt * | Dec. 31, 2016 (€ million) |
Dec. 31, 2017 (€ million) | Dec. 31, 2018 (€ million) | Dec. 31, 2019 (€ million) | Dec. 31, 2020 (€ million) |
|---|---|---|---|---|---|
| Bonds | 1,494 | 1,495 | 996 | 997 | 1,990 |
| Liabilities to banks | 133 | 69 | 24 | 10 | 227 |
| Liabilities under finance leases | 265 | 223 | 193 | 735 | 672 |
| Liabilities from derivatives | 33 | 9 | 12 | 10 | 9 |
| Other financial liabilities | 6 | – | – | – | 1 |
| Positive fair values of hedges of recorded transactions | -15 | -15 | -12 | -15 | -13 |
| Financial liabilities | 1,916 | 1,781 | 1,213 | 1,737 | 2,886 |
| Cash and cash equivalents | -267 | -1,232 | -865 | -748 | -1,404 |
| Current financial assets | -150 | -266 | - | - | -1,126 |
| Net financial debt | 1,499 | 283 | 348 | 989 | 356 |
* Net financial debt is not defined in the International Financial Reporting Standards and is calculated as shown
Bond maturity profile
