Notes to the financial statements (66KB) [Pages 15-27]

Condensed combined and consolidated statement of financial position

as at 30 June 2010

€ million	Notes	(Reviewed) As at 30 June 2010	(Reviewed) As at 30 June 2009	(Audited) As at 31 December 2009
Intangible assets		314	321	308
Property, plant and equipment		3,990	3,769	3,847
Forestry assets		290	268	251
Investments in associates		6	8	6
Financial asset investments		33	24	27
Deferred tax assets		31	43	29
Retirement benefits surplus	11	13	Ð	8
Total non-current assets		4,677	4,433	4,476
Inventories		688	611	617
Trade and other receivables		1,083	1,075	933
Current tax assets		19	23	16
Cash and cash equivalents	15b-c	77	171	123
Derivative financial instruments		13	15	7
Total current assets		1,880	1,895	1,696
Assets held for sale	14	172	22	36
Total assets		6,729	6,350	6,208
Short-term borrowings	15c	(217)	(435)	(219)
Trade and other payables		(1,123)	(1,013)	(1,023)
Current tax liabilities		(75)	(46)	(55)
Provisions		(50)	(47)	(40)
Derivative financial instruments		(4)	(40)	(32)
Total current liabilities		(1,469)	(1,581)	(1,369)
Medium and long-term borrowings	15c	(1,492)	(1,397)	(1,421)
Retirement benefits obligation	11	(202)	(184)	(184)
Deferred tax liabilities		(334)	(329)	(316)
Provisions		(35)	(48)	(45)
Other non-current liabilities		(21)	(14)	(21)
Derivative financial instruments		(23)	(47)	(19)
Total non-current liabilities		(2,107)	(2,019)	(2,006)
Liabilities directly associated with assets classified as held for sale	14	(60)	(3)	(9)
Total liabilities		(3,636)	(3,603)	(3,384)
Net assets		3,093	2,747	2,824

Equity Ordinary share capital		114	114	114
Share premium		532	532	532
Retained earnings and other reserves		2,006	1,707	1,753
Total attributable to equity holders of the parent companies		2,652	2,353	2,399
Non-controlling interests in equity		441	394	425
Total equity		3,093	2,747	2,824

The Group’s condensed combined and consolidated financial statements, and related notes 1 to 19, were approved by the Boards and authorised for issue on 9 August 2010 and were signed on its behalf by:

David Hathorn
Director

Andrew King
Director

Mondi Limited company registration number:

1967/013038/06

Mondi plc company registration number:

6209386

Half-yearly report 2010 Mondi Group Forward-looking statements