| in million euros | 2015 | 2016 | 20174 | 2018 | Q3 2019 |
|---|---|---|---|---|---|
| Cash and cash equivalents securities and term deposits1 | 1,191 | 1,398 | 1,159 | 1,322 | 2,727 |
| Financial debt2 | -856 | -3,699 | -4,381 | -4,217 | -4,983 |
| Net financial position3 | 335 | -2,301 | -3,222 | -2,895 | -2,256 |
| Provisions for pensions and similar obligations | -988 | -1,007 | -760 | -794 | -874 |
Development of Net Financial Position
The following graph shows the development of the net financial position.
| 1 Including financial collateral provided. 2 Consists of current and non-current borrowings, financial collateral received as well as derivative financial instruments (positive and negative fair values of hedging transactions). 3 Defined as cash and cash equivalents plus readily monetizable financial instruments classified as "available for sale" or in the "fair value option", less borrowings, and plus positive and less negative fair values of hedging transactions. 4 Figures amended (please refer to the notes in the annual report 2018 on pages 140 and 141). |
Net financial position is defined as cash and cash equivalents plus readily monetizable financial instruments classified as “available for sale” or in the “fair value option,” less borrowings, and plus positive and less negative fair values of hedging transactions.
Financial Glossary SchließenFinancial instrument, the value of which changes in response to changes in an underlying asset or an index, which will be settled at a future date and which initially requires only a small or no investment.
Financial Glossary SchließenAdditional Information
