2019 Annual financial report

Chapter 6. Consolidated financial statements 2019 year

Note 15  Inventories and work-in-progress

(in millions of euros) December 31, 2019 December 31, 2018

(in millions of euros)

Gross value

December 31, 2019

413

December 31, 2018

368

(in millions of euros)

Impairment of inventories and work-in-progress

December 31, 2019

(2)

December 31, 2018

(1)

(in millions of euros)

Net amount

December 31, 2019

411

December 31, 2018

367


Note 16  Trade receivables

(in millions of euros) December 31, 2019 December 31, 2018

(in millions of euros)

Trade receivables(1)

December 31, 2019

10,337

December 31, 2018

9,185

(in millions of euros)

Notes receivable

December 31, 2019

8

December 31, 2018

10

(in millions of euros)

Gross value

December 31, 2019

10,345

December 31, 2018

9,195

(in millions of euros)

Opening impairment

December 31, 2019

(80)

December 31, 2018

(91)

(in millions of euros)

Impairment over the year

December 31, 2019

(32)

December 31, 2018

(13)

(in millions of euros)

Reversals during the year

December 31, 2019

7

December 31, 2018

11

(in millions of euros)

Changes to consolidation scope

December 31, 2019

(6)

December 31, 2018

11

(in millions of euros)

Translation adjustments and other

December 31, 2019

(1)

December 31, 2018

2

(in millions of euros)

Closing impairment

December 31, 2019

(112)

December 31, 2018

(80)

(in millions of euros)

Net amount

December 31, 2019

10,233

December 31, 2018

9,115

(1) Including invoiced trade receivables of euro 8,004 million as of December 31, 2019 and euro 6,954 million as of December 31, 2018.

Note 17  Other current receivables and current assets 

(in millions of euros) December 31, 2019 December 31, 2018

(in millions of euros)

Taxes and levies

December 31, 2019

366

December 31, 2018

264

(in millions of euros)

Advances to suppliers

December 31, 2019

178

December 31, 2018

172

(in millions of euros)

Prepayments

December 31, 2019

99

December 31, 2018

75

(in millions of euros)

Derivatives hedging current assets and liabilities

December 31, 2019

10

December 31, 2018

12

(in millions of euros)

Derivatives on intercompany loans and borrowings

December 31, 2019

28

December 31, 2018

18

(in millions of euros)

Other receivables and other current assets

December 31, 2019

83

December 31, 2018

154

(in millions of euros)

Gross value

December 31, 2019

764

December 31, 2018

695

(in millions of euros)

Impairment

December 31, 2019

(7)

December 31, 2018

(6)

(in millions of euros)

Net amount

December 31, 2019

757

December 31, 2018

689