Consolidated balance sheet at 31 December

x € million	Notes	2022	2021

Assets
Intangible assets	8	5,147	5,309
Property, plant and equipment	9	3,576	3,964
Deferred tax assets	7	95	203
Prepaid pension costs	24	19	75
Share in associates and joint ventures	10	61	64
Derivatives	23	82	48
Other financial assets	11	295	227
Non-current assets		9,275	9,890

Inventories	12	2,339	2,297
Trade receivables	13	1,508	1,604
Income tax receivables	13	36	61
Other current receivables	13	78	32
Derivatives	23	42	30
Current investments	14	125	489
Cash and cash equivalents	15	2,755	1,561
Assets held for sale	3	1,245	56
Current assets		8,128	6,130
Total		17,403	16,020

Equity and liabilities
Shareholders’ equity		10,743	9,318
Non-controlling interests	17	102	79
Equity	16	10,845	9,397

Deferred tax liabilities	7	476	490
Employee benefit liabilities	24	241	323
Provisions	18	74	96
Borrowings	19	2,978	2,995
Derivatives	23	4	9
Other non-current liabilities	20	205	280
Non-current liabilities		3,978	4,193

Employee benefit liabilities	24	22	21
Provisions	18	50	68
Borrowings	19	86	103
Derivatives	23	23	40
Trade payables	21	1,415	1,571
Income tax payables	21	64	77
Other current liabilities	21	490	540
Liabilities held for sale	3	430	10
Current liabilities		2,580	2,430
Total		17,403	16,020

DSM Integrated Annual Report 2022