| in million euros | 2014 | 2015 | 2016 | 2017 | Q2 2018 |
|---|---|---|---|---|---|
| Cash and cash equivalents securities and term deposits1 | 1,548 | 1,191 | 1,398 | 1,156 | 1,665 |
| Financial debt2 | -1,701 | -856 | -3,699 | -4,381 | -5,262 |
| Net financial position3 | -153 | 335 | -2,301 | -3,225 | -3,597 |
| Provisions for pensions and similar obligations | -1,262 | -988 | -1,007 | -760 | -746 |
Development of 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
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.
Net financial position 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.
Derivative Schließen
