Balance sheet

Consolidated balance sheet 2005
EUR x 1,000,000 (before profit appropriation)	31.12.2005	31.12.2004
Assets
Non-current assets
Property, plant and equipment	225.3	252.6
Intangible assets	43.4	36.8
Associates and joint ventures	1.0	5.0
Derivative financial instruments	0.4
Deferred income-tax assets	7.5	7.5
Other non-current receivables	4.1	2.8
Total non-current assets	281.7	304.7

Current assets
Inventories	174.2	192.2
Trade and other receivables	136.0	151.0
Derivative financial instruments	0.6
Income-tax assets	4.2	15.1
Cash and cash equivalents	21.5	17.3
	336.5	375.6
Non-current assets held for sale and discontinued operations	83.4
Total current assets	419.9	375.6

Total assets	701.6	680.3

Equity and liabilities
Equity
Issued capital and reserves attributable to equity holders	166.9	192.8
Minority interests	2.6	1.9
Total equity	169.5	194.7

Non-current liabilities
Interest-bearing liabilities	266.9	187.7
Derivative financial instruments	3.0
Employee benefit obligations	27.9	32.7
Deferred income-tax liabilities	33.5	49.1
Other provisions	15.7	6.8
Total non-current liabilities	347.0	276.3

Current liabilities
Interest-bearing liabilities	12.2	61.6
Trade and other payables	113.1	117.3
Derivative financial instruments	2.4
Income-tax liabilities	7.1	15.0
Other provisions	17.3	15.4
	152.1	209.3
Liabilities directly related to discontinued operations	33.0
Total current liabilities	185.1	209.3

Total equity and liabilities	701.6	680.3