Assets and Liabilities Held for Sale

6 Months Ended

Jun. 30, 2018

8 ASSETS AND LIABILITIES HELD FOR SALE

The following assets and liabilities have been disclosed as held for sale:


€ million	30 June 2018 Spreads^(a)		30 June 2018 Total		31 December 2017 Total
Property, plant and equipment held for sale		–		1		30

Disposal groups held for sale
Non-current assets
Goodwill and intangible assets		2,512		2,512		2,311
Property, plant and equipment		559		564		552
Deferred tax assets		140		140		145
Other non-current assets		3		3		1


		3,214		3,214		3,009

Current assets
Inventories		137		137		130
Trade and other receivables		23		24		18
Current tax assets		10		10		13
Cash and cash equivalents		9		9		19
Other		–		4		5


		179		184		185


Assets held for sale		3,393		3,404		3,224

Current liabilities
Trade payables and other current liabilities		82		83		106
Current tax liabilities		11		11		11
Provisions		1		1		1


		94		95		118

Non-current liabilities
Pensions and post-retirement healthcare liabilities		6		6		9
Provisions		–		–		1
Deferred tax liabilities		42		42		42


		48		48		52


Liabilities held for sale		142		143		170

(a)

In the second half of 2017 the Group announced agreements to sell the South African spreads business to Remgro and the global spreads business (excluding South Africa) to KKR. Both disposals were completed on 2 July 2018. Consideration of €7.3 billion was received for the sale of the global spreads business (excluding South Africa), including estimated working capital adjustments on completion.