Consolidated statement of financial position as at 31 December 2019

Millions of US Dollars
Notes 2019 2018
ASSETS
Non-current assets 14,165 12,044
Property, plant and equipment 11 12,226 11,724
Right-of-use assets 12 1,631
Deferred tax assets 27 132 136
Goodwill 78 78
Other assets 13 98 106
Current assets 2,306 1,995
Trade accounts and other receivables 14 957 882
Inventories 15 766 735
Prepaid and recoverable taxes 17 265 175
Derivative financial assets 16 142 37
Cash and cash equivalents 18 176 166
Total assets 16,471 14,039
EQUITY AND LIABILITIES
Equity 5,501 5,235
Share capital 19
Share premium 104 104
Revaluation reserve 4,866 5,665
Hedging reserve 117 26
Translation reserve (1,684) (1,812)
Retained earnings 1,923 1,063
Attributable to ordinary shareholders of the parent 5,326 5,046
Non-controlling interests 175 189
Non-current liabilities 7,770 7,083
Long-term borrowings 21 4,939 3,272
Long-term lease liabilities 22 984
Deferred tax liabilities 27 1,476 1,663
Other liabilities 24 371 2,148
Current liabilities 3,200 1,721
Short-term borrowings 21 1,799 1,081
Short-term lease liabilities 22 225
Trade accounts and other payables 25 998 506
Derivative financial liabilities 16 12 4
Taxes payable 26 166 130
Total shareholders’ equity and liabilities 16,471 14,039

The accompanying notes on page Notes to the consolidated financial statements are an integral part of these consolidated financial statements.