Company balance sheet

Company balance sheet

As at 31 March

Note

2026

2025

Before appropriation of the result for the year

€m

€m

Non-current assets

Investments in group companies

1

2,911

3,102

Loans to own group companies

1

41

101

Deferred tax assets

2

4

4

Non-current tax assets

2

20

15

Other non-current assets

3

-

17

2,976

3,239

Current assets

Receivables

4

333

297

Cash and short-term deposits

5

153

255

486

552

TOTAL ASSETS

3,462

3,791

Current liabilities

Borrowings

6

(464)

(424)

Amounts owed to subsidiaries

7

(12)

(16)

Other payables

7

(66)

(23)

(542)

(463)

Non-current liabilities

Other non-current liabilities

8

-

(17)

Borrowings

9

(110)

(310)

(110)

(327)

TOTAL LIABILITIES

(652)

(790)

NET ASSETS

2,810

3,001

Equity

Called-up share capital

10

388

388

Share premium account

10

17

17

Legal Reserves

10

36

24

Other components of Equity

10

2,575

2,776

Result of the period

10

(206)

(204)

Total equity

2,810

3,001