2024 Universal Registration Document

General and financial elements

Consolidated balance sheet

Assets
(in € millions) Note(s) 31/12/2024 31/12/2023
Non-current assets

Non-current assets

Note(s)

 

Non-current assets

31/12/2024

 

Non-current assets

31/12/2023

 

Concession intangible assets

Concession intangible assets

Note(s)

13

Concession intangible assets

31/12/2024

29,672

Concession intangible assets

31/12/2023

29,000

Goodwill

Goodwill

Note(s)

9

Goodwill

31/12/2024

19,519

Goodwill

31/12/2023

17,577

Other intangible assets

Other intangible assets

Note(s)

17

Other intangible assets

31/12/2024

11,786

Other intangible assets

31/12/2023

8,038

Property, plant and equipment

Property, plant and equipment

Note(s)

17

Property, plant and equipment

31/12/2024

15,300

Property, plant and equipment

31/12/2023

13,012

Investments in companies accounted for under the equity method

Investments in companies accounted for under the equity method

Note(s)

10

Investments in companies accounted for under the equity method

31/12/2024

2,105

Investments in companies accounted for under the equity method

31/12/2023

1,267

Other non-current financial assets

Other non-current financial assets

Note(s)

11-14-18

Other non-current financial assets

31/12/2024

2,743

Other non-current financial assets

31/12/2023

2,646

Derivative financial instruments - non-current assets Derivative financial instruments - non-current assets

Note(s)

27

Derivative financial instruments - non-current assets31/12/2024

167

Derivative financial instruments - non-current assets31/12/2023

125

Deferred tax assets

Deferred tax assets

Note(s)

7

Deferred tax assets

31/12/2024

1,268

Deferred tax assets

31/12/2023

1,122

Total non-current assets

Total non-current assets

Note(s)

 

Total non-current assets

31/12/2024

82,560

Total non-current assets

31/12/2023

72,786

Current assets

Current assets

Note(s)

 

Current assets

31/12/2024

 

Current assets

31/12/2023

 

Inventories and work in progress

Inventories and work in progress

Note(s)

19

Inventories and work in progress

31/12/2024

1,772

Inventories and work in progress

31/12/2023

1,878

Trade and other receivables

Trade and other receivables

Note(s)

19

Trade and other receivables

31/12/2024

19,365

Trade and other receivables

31/12/2023

18,698

Other current assets

Other current assets

Note(s)

19

Other current assets

31/12/2024

8,333

Other current assets

31/12/2023

7,798

Current tax assets

Current tax assets

Note(s)

 

Current tax assets

31/12/2024

415

Current tax assets

31/12/2023

351

Other current financial assets

Other current financial assets

Note(s)

 

Other current financial assets

31/12/2024

76

Other current financial assets

31/12/2023

79

Derivative financial instruments - current assets

Derivative financial instruments - current assets

Note(s)

27

Derivative financial instruments - current assets

31/12/2024

137

Derivative financial instruments - current assets

31/12/2023

94

Cash management financial assets

Cash management financial assets

Note(s)

26

Cash management financial assets

31/12/2024

895

Cash management financial assets

31/12/2023

545

Cash and cash equivalents

Cash and cash equivalents

Note(s)

26

Cash and cash equivalents

31/12/2024

15,199

Cash and cash equivalents

31/12/2023

15,627

Total current assets

Total current assets

Note(s)

 

Total current assets

31/12/2024

46;192

Total current assets

31/12/2023

45,070

Assets held for sale

Assets held for sale

Note(s)

 

Assets held for sale

31/12/2024

739

Assets held for sale

31/12/2023

702

Total actifs

Total actifs

Note(s)

 

Total actifs

31/12/2024

129,491

Total actifs

31/12/2023

118,558

Consolidated balance sheet

Equity and liabilities
(in € millions) Note 31/12/2024 31/12/2023
Equity Equity

Note

 

Equity31/12/2024

 

Equity31/12/2023

 

Share capital

Share capital

Note

23.1

Share capital

31/12/2024

1,455

Share capital

31/12/2023

1,473

Share premium

Share premium

Note

23.1

Share premium

31/12/2024

14,059

Share premium

31/12/2023

13,407

Treasury shares

Treasury shares

Note

23.2

Treasury shares

31/12/2024

(1,566)

Treasury shares

31/12/2023

(1,419)

Consolidated reserves

Consolidated reserves

Note

 

Consolidated reserves

31/12/2024

11,724

Consolidated reserves

31/12/2023

10,422

Currency translation reserves

Currency translation reserves

Note

 

Currency translation reserves

31/12/2024

(32)

Currency translation reserves

31/12/2023

(91)

Net income attributable to owners of the parent

Net income attributable to owners of the parent

Note

 

Net income attributable to owners of the parent

31/12/2024

4,863

Net income attributable to owners of the parent

31/12/2023

4,702

Amounts recognised directly in equity

Amounts recognised directly in equity

Note

23.4

Amounts recognised directly in equity

31/12/2024

(555)

Amounts recognised directly in equity

31/12/2023

(382)

Equity attributable to owners of the parent Equity attributable to owners of the parent

Note

 

Equity attributable to owners of the parent 31/12/202429,947 Equity attributable to owners of the parent 31/12/202328,113
Equity attributable to non-controlling interests

Equity attributable to non-controlling interests

Note

23.5

Equity attributable to non-controlling interests

31/12/2024

4,085

Equity attributable to non-controlling interests

31/12/2023

3,928

Total equity Total equity

Note

 

Total equity31/12/202434,032 Total equity31/12/202332,040
Non-current liabilities Non-current liabilities

Note

 

Non-current liabilities31/12/2024

 

Non-current liabilities31/12/2023

 

Non-current provisions

Non-current provisions

Note

20

Non-current provisions

31/12/2024

1,011

Non-current provisions

31/12/2023

1,127

Provisions for employee benefits

Provisions for employee benefits

Note

29

Provisions for employee benefits

31/12/2024

1,224

Provisions for employee benefits

31/12/2023

1,176

Bonds

Bonds

Note

25

Bonds

31/12/2024

24,454

Bonds

31/12/2023

22,048

Other loans and borrowings

Other loans and borrowings

Note

25

Other loans and borrowings

31/12/2024

4,664

Other loans and borrowings

31/12/2023

3,785

Derivative financial instruments - non-current liabilities Derivative financial instruments - non-current liabilities

Note

27

Derivative financial instruments - non-current liabilities31/12/2024

1,014

Derivative financial instruments - non-current liabilities31/12/2023

1,257

Non-current lease liabilities

Non-current lease liabilities

Note

21

Non-current lease liabilities

31/12/2024

1,949

Non-current lease liabilities

31/12/2023

1,675

Other non-current liabilities

Other non-current liabilities

Note

 

Other non-current liabilities

31/12/2024

1,117

Other non-current liabilities

31/12/2023

1,076

Deferred tax liabilities

Deferred tax liabilities

Note

7

Deferred tax liabilities

31/12/2024

4,991

Deferred tax liabilities

31/12/2023

4,030

Total non-current liabilities Total non-current liabilities

Note

 

Total non-current liabilities 31/12/202440,424 Total non-current liabilities 31/12/202336,174
Current liabilities Current liabilities

Note

 

Current liabilities31/12/2024

 

Current liabilities31/12/2023

 

Current provisions

Current provisions

Note

19

Current provisions

31/12/2024

7,828

Current provisions

31/12/2023

7,304

Trade payables

Trade payables

Note

19

Trade payables

31/12/2024

14,463

Trade payables

31/12/2023

13,572

Other current liabilities

Other current liabilities

Note

19

Other current liabilities

31/12/2024

24,144

Other current liabilities

31/12/2023

22,431

Current tax liabilities

Current tax liabilities

Note

 

Current tax liabilities

31/12/2024

746

Current tax liabilities

31/12/2023

594

Current lease liabilities

Current lease liabilities

Note

21

Current lease liabilities

31/12/2024

639

Current lease liabilities

31/12/2023

572

Derivative financial instruments - current liabilities

Derivative financial instruments - current liabilities

Note

27

Derivative financial instruments - current liabilities

31/12/2024

535

Derivative financial instruments - current liabilities

31/12/2023

476

Current borrowings

Current borrowings

Note

25

Current borrowings

31/12/2024

6,152

Current borrowings

31/12/2023

4,956

Total current liabilities

Total current liabilities

Note

 

Total current liabilities

31/12/2024

54,508

Total current liabilities

31/12/2023

49,905

Liabilities directly associated with assets held for sale

Liabilities directly associated with assets held for sale

Note

 

Liabilities directly associated with assets held for sale

31/12/2024

527

Liabilities directly associated with assets held for sale

31/12/2023

438

Total equity and liabilities Total equity and liabilities

Note

 

Total equity and liabilities 31/12/2024129,491 Total equity and liabilities 31/12/2023118,558