22. ASSETS AND LIABILITIES HELD FOR SALE

Non-current assets and groups of assets and liabilities which comprise disposal groups are classified as ‘held for sale’ when all of the following criteria are met: a decision has been made to sell; the assets are available for sale immediately; the assets are being actively marketed; and a sale has been agreed or is expected to be concluded within 12 months of the balance sheet date.

Immediately prior to classification as held for sale, the assets or groups of assets are remeasured in accordance with the Group’s accounting policies. Subsequently, assets and disposal groups classified as held for sale are valued at the lower of book value or fair value less disposal costs. Assets held for sale are neither depreciated nor amortised.


	€ million		€ million		€ million
	2017 Spreads^(a)		2017 Total		2016 Total^(b)

Property, plant and equipment held for sale		-		30		22

Disposal groups held for sale
Non-current assets
Goodwill and intangibles		2,311		2,311		98
Property, plant and equipment		548		552		46
Deferred tax assets		145		145		-
Other non-current assets		1		1		-
		3,005		3,009		144
Current assets
Inventories		130		130		34
Trade and other receivables		17		18		1
Current tax assets		13		13		-
Cash and cash equivalents		19		19		-
Other		-		5		5
		179		185		40
Assets held for sale		3,184		3,224		206

Current liabilities
Trade payables and other current liabilities		106		106		1
Current tax liabilities		11		11		-
Provisions		1		1		-
		118		118		1
Non-current liabilities
Pensions and post-retirement healthcare liabilities		9		9		-
Provisions		1		1		-
Deferred tax liabilities		42		42		-
		52		52		-
Liabilities held for sale		170		170		1

^(a⁾	Refer to note 21 for an explanation of this disposal.

^(b)	In 2016, disposal groups held for sale were primarily related to the AdeS soy beverage business in Latin America.