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Investment and Return (Tables)
 12 Months Ended
Dec. 31, 2017
Text Block1 [Abstract]  
Schedule of Cash Resources and Other Financial Assets

The Group’s Treasury function aims to protect the Group’s financial investments, while maximising returns. The fair value of financial assets is the same as the carrying amount for 2017 and 2016. The Group’s cash resources and other financial assets are shown below.

 

             € million          € million          € million          € million          € million          € million  
            Non-                    Non-         
     Current      current      Total      Current      current      Total  
Financial assets(a)    2017      2017      2017      2016      2016      2016  

Cash and cash equivalents

                  

Cash at bank and in hand

      1,904        -        1,904        1,779        -        1,779  

Short-term deposits with maturity of less than three months

      1,333        -        1,333        1,513        -        1,513  

Other cash equivalents

      80        -        80        90        -        90  
     3,317        -        3,317        3,382        -        3,382  

Other financial assets

                  

Held-to-maturity investments

      38        125        163        43        99        142  

Loans and receivables(b)

      277        186        463        208        190        398  

Available-for-sale financial assets(c)

      202        362        564        126        383        509  

Financial assets at fair value through profit or loss:

                  

Derivatives

      116        -        116        91        -        91  

Other

      137        2        139        131        1        132  
     770        675        1,445        599        673        1,272  
                                                     

Total

      4,087        675        4,762        3,981        673        4,654  

 

(a)  For the purposes of this note and note 15C, financial assets and liabilities exclude trade and other current receivables and trade payables and other liabilities which are covered in notes 13 and 14 respectively.
(b)  Current loans and receivables include short-term deposits with banks with maturities of longer than three months.
(c)  Current available-for-sale financial assets include government securities and A- or higher rated money and capital market instruments. Non-current available-for-sale financial assets predominantly consist of investments in a number of companies and financial institutions in Europe, India and the US, including €63 million (2016: €79 million) of assets in a trust to fund benefit obligations in the US (see also note 4B).
Schedule of Cash and Cash Equivalents Reconciliation to Cash Flow Statement


             € million             € million  
Cash and cash equivalents reconciliation to the cash flow statement    2017     2016  

Cash and cash equivalents per balance sheet

      3,317       3,382  

Less: bank overdrafts

      (167 )      (184 ) 

Add: cash and cash equivalents included in assets held for sale

      19       -  

Cash and cash equivalents per cash flow statement

          3,169           3,198