Development of Net Financial Position

The following graph shows the development of the net financial position.

in million euros

2018

20194

 2020

2021

H1 2022

Cash and cash equivalents
securities and time deposits1

1,322

1,898

2,209

2,526

1,474

Financial debt2

-4,217

-3,945

-3,097

-2,818

-2,916

Net financial position3

-2,895

-2,047

-888

-292

-1,441

Provisions for pensions and
similar obligations

-794

-635

-551

-510

-450

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 securities & time deposits and financial collateral provided, less borrowings, plus positive and minus negative fair values of derivative financial instruments.
4 Figures amended (please refer to half-year financial report 2020 page 24).