Consolidated balance sheet

As at 31 March

Note

2026

2025

€m

€m

Non-current assets

Goodwill

7

31

8

Intangible assets

7

69

63

Property, plant and equipment

8

2,924

2,849

Equity accounted investees

9

48

46

Other investments

2

2

Other non-current assets

2

2

Retirement benefit assets

26

1

1

Non-current tax asset

11

248

241

3,325

3,212

Current assets

Inventories

10

1,400

1,417

Trade and other receivables

12

325

332

Current tax assets

11

3

5

Cash and short-term deposits

13

275

428

2,003

2,182

Total assets

5,328

5,394

Current liabilities

Borrowings

15

22

45

Trade and other payables

14

1,652

1,476

Current tax liabilities

11

11

9

Retirement benefit obligations

26

-

2

Provisions for liabilities and charges

18

357

173

2,042

1,705

Non-current liabilities

Borrowings

15

218

446

Deferred tax liabilities

11

17

3

Retirement benefit obligations

26

55

57

Provisions for liabilities and charges

18

161

132

Other non-current liabilities

16

22

48

Deferred income

19

3

2

476

688

Total liabilities

2,518

2,393

Net assets

2,810

3,001

Equity

Called up share capital

20

388

388

Share premium account

17

17

Other components of equity

2,405

2,596

Total equity

2,810

3,001