Consolidated statement of financial position

millions of €
	Note	Dec. 31, 2021	Dec. 31, 2020
Assets
Current assets		38,799	37,293
Cash and cash equivalents	1	7,617	12,939
Trade receivables	2	15,299	13,523
Contract assets	3	2,034	1,966
Current recoverable income taxes	31	321	349
Other financial assets	11	4,051	3,224
Inventories	4	2,855	2,695
Other assets	12	1,766	1,484
Non-current assets and disposal groups held for sale	5	4,856	1,113
Non-current assets		242,828	227,624
Intangible assets	6	132,647	118,066
Property, plant and equipment	7	61,770	60,975
Right-of-use assets	8	30,777	30,302
Capitalized contract costs	9	2,585	2,192
Investments accounted for using the equity method	10	938	543
Other financial assets	11	4,836	6,416
Deferred tax assets	31	7,906	7,972
Other assets	12	1,369	1,159
Total assets		281,627	264,917

millions of €
	Note	Dec. 31, 2021	Dec. 31, 2020
Liabilities and shareholders’ equity
Current liabilities		38,803	37,135
Financial liabilities	13	12,243	12,652
Lease liabilities	13	5,040	5,108
Trade and other payables	14	10,452	9,760
Income tax liabilities	31	549	690
Other provisions	16	3,903	3,638
Other liabilities	17	3,584	3,213
Contract liabilities	18	1,668	1,625
Liabilities directly associated with non-current assets and disposal groups held for sale	5	1,365	449
Non-current liabilities		161,355	155,232
Financial liabilities	13	99,223	94,456
Lease liabilities	13	28,094	27,607
Provisions for pensions and other employee benefits	15	6,134	7,684
Other provisions	16	5,560	5,395
Deferred tax liabilities	31	19,809	17,260
Other liabilities	17	1,959	2,418
Contract liabilities	18	577	411
Liabilities		200,159	192,367
Shareholders’ equity	19	81,469	72,550
Issued capital		12,765	12,189
Treasury shares		(37)	(46)
		12,728	12,143
Capital reserves		63,773	62,640
Retained earnings including carryforwards		(36,358)	(38,905)
Total other comprehensive income		(1,641)	(4,115)
Net profit (loss)		4,176	4,158
Issued capital and reserves attributable to owners of the parent		42,679	35,922
Non-controlling interests		38,790	36,628
Total liabilities and shareholders’ equity		281,627	264,917