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Consolidated Statements of Financial Position

 

Note

December 31, 2009

December 31, 2008*

December 31, 2007

Assets

 

 

 

 

Current assets:

 

 

 

 

Cash and cash equivalents

13

2,853,376

2,652,888

1,622,542

Short-term bank deposits

14

95,533

818,545

666,327

Short-term financial investments

15

73,129

112,782

215,494

Trade accounts receivable

16

1,457,651

1,941,876

1,769,038

Accounts receivable from related parties

12

26,716

63,831

47,193

Inventories

17

2,974,227

4,271,886

2,720,634

VAT recoverable

 

288,032

361,542

284,122

Income tax recoverable

 

106,019

172,947

81,963

Other current assets

18

285,453

279,707

318,961

Assets held for sale

28

24,415

8,872

465,341

Total current assets

 

8,184,551

10,684,876

8,191,615

Non-current assets:

 

 

 

 

Long-term financial investments

19

128,616

70,342

112,959

Investments in associates and joint ventures

20

143,857

110,907

202,987

Property, plant and equipment

21

9,485,480

9,827,392

8,289,116

Intangible assets

22

1,369,204

1,510,658

687,067

Restricted cash

 

17,541

21,703

13,810

Deferred tax assets

10

239,835

246,541

64,185

Other non-current assets

 

74,802

41,507

39,084

Total non-current assets

 

11,459,335

11,829,050

9,409,208

Total assets

 

19,643,886

22,513,926

17,600,823

Liabilities and shareholders’ equity

 

 

 

 

Current liabilities:

 

 

 

 

Trade accounts payable

 

1,378,300

1,528,453

1,211,373

Accounts payable to related parties

12

16,656

71,960

91,547

Short-term debt finance

23

1,478,301

2,038,693

1,129,216

Income taxes payable

 

34,150

46,131

41,323

Other taxes and social security payable

 

209,084

213,315

199,349

Dividends payable

 

5,704

128,715

107,485

Other current liabilities

24

693,844

811,178

620,369

Liabilities related to assets held for sale

28

11,979

4

91,750

Total current liabilities

 

3,828,018

4,838,449

3,492,412

Non-current liabilities:

 

 

 

 

Long-term debt finance

23

5,748,559

6,227,225

2,813,166

Deferred tax liabilities

10

394,990

496,379

509,409

Retirement benefit liabilities

25

787,714

779,296

387,398

Other non-current liabilities

26

508,266

619,961

324,652

Total non-current liabilities

 

7,439,529

8,122,861

4,034,625

Equity:

 

 

 

 

Share capital

27

3,311,288

3,311,288

3,311,288

Treasury shares

 

(26,303)

(26,303)

Additional capital

 

1,165,530

1,165,530

1,165,530

Foreign exchange differences

 

(52,478)

84,987

1,145,499

Retained earnings

 

3,436,270

4,488,396

3,951,116

Other reserves

 

43,600

27,601

Total equity attributable to shareholders of parent

 

7,877,907

9,051,499

9,573,433

Non-controlling interests

 

498,432

501,117

500,353

Total equity

 

8,376,339

9,552,616

10,073,786

Total equity and liabilities

 

19,643,886

22,513,926

17,600,823

* These amounts reflect adjustments made in connection with the completion of purchase price allocations (Note 29)