Consolidated statement of financial position

(Values in thousands of euros)

ASSETSNoteJune 30, 2014December 31, 2013 (§)
Non-current assets      
Property, plant and equipment 1 465,961 450,76
Intangible assets - Rights to infrastructure under concession 2 53,369 53,332
Other intangible assets 3 91,968 111,695
Investments in associates 4 137,693 131,071
Non-current financial assets (*) 5 58,517 48,928
Non-current intragroup loans and receivables 6 3,535 2,791
Other non-current assets 7 19,581 20,985
Deferred tax assets 8 118,2 121,132
Total non-current assets   948,824 940,694
Current assets      
Inventories 9 235,89 215,321
Contract work in progress 10 1,358,539 1,105,176
Trade receivables 11 1,155,983 1,188,904
of which: related parties 36 1,555 4,769
Current receivables from unconsolidated Group companies 11 669,903 697,558
Derivatives and other current financial assets (*) 12 8,93 223,129
Current tax assets 13 88,701 78,868
Other tax receivables 13 97,332 114,804
Other current assets 14 325,913 287,889
of which: related parties 36 752 248
Financial assets held by SPVs and unconsolidated project companies (*) 15 336,46 223,789
Cash and cash equivalents (*) 15 645,061 908,631
Total current assets   4,922,712 5,044,069
Non-current assets held for sale 16 564,904 653,604
Total assets   6,436,440 6,638,367

(*) Items included in net financial position (indebtedness)
(§) Figures restated following the application of the new IFRSs – please see section "Effects of the application of the new financial reporting standards"

(Values in thousands of euros)

LIABILITIES AND SHAREHOLDER’S EQUITYNoteJune 30, 2014December 31, 2013 (§)
Shareholders' equity      
Share capital   544,74 62,4
Share premium reserve   120,798 141,484
Other reserves   96,058 16,063
Other components of comprehensive income   (6,337) 3,411
Retained earnings   253,896 309,488
Net profit    79,29 166,781
Equity attributable to the owners of the parent   1,088,445 699,627
Non-controlling interests   30,819 192,522
Total shareholders’ equity 17 1,119,264 892,149
Non-current liabilities      
Bank and other loans (*) 18 436,017 634,693
Non-current indebtedness held by SPVs and unconsolidated project companies (*) 18 3,086 14,484
Bond issues (*) 19 551,155 552,542
Payables under finance leases (*) 20 93,524 97,671
Non-current derivatives (*) 21 4,341 4,35
Post-employment benefits and employee benefits 22 18,182 20,508
Non-current payables to unconsolidated Group companies 23 6,232 6,23
Deferred tax liabilities 8 67,649 73,959
Provisions for risks  24 103,125 102,207
Other non-current liabilities 25 1,018 1,044
Total non-current liabilities   1,284,329 1,507,688
Current liabilities      
Bank account overdrafts and current portion of financing facilities (*) 18 236,129 313,819
Current indebtedness held by SPVs and unconsolidated project companies (*) 18 64,102 62,046
Current portion of bond issues (*) 19 28,226 11,154
Current portion of payables under finance leases (*) 20 50,047 45,422
Current derivatives and other current financial liabilities (*) 21 70 4
Advances on contract work in progress 26 1,560,636 1,630,770
Trade payables to suppliers 27 696,105 750,081
of which: related parties 36 1,595 7,556
Current intragroup payables to unconsolidated Group companies 27 657,766 632,644
Current tax liabilities 28 75,238 76,786
Current tax payables 28 81,272 82,906
Other current liabilities 29 206,715 214,837
of which: related parties 36 3,348 131
Total current liabilities   3,656,306 3,820,469
Liabilities directly associated with      
non-current assets held for sale 16 376,541 418,061
Total shareholders’ equity and liabilities   6,436,440 6,638,367

(*) Items included in net financial position (indebtedness)
(§) Figures restated following the application of the new IFRSs – please see section "Effects of the application of the new financial reporting standards"