Consolidated statement of financial position as at 31 December 2018

(in thousands of euros)	Note	31 December 2018	31 December 2017
Assets

Intangible assets	8	101,376	88,091
Assets used for operating activities	9	2,855,652	2,864,347
Assets under construction or development	10	700,043	418,130
Investment property	11	1,642,285	1,503,744
Deferred tax assets	12	95,989	144,813
Investments in associates and joint ventures	13	957,395	921,317
Loans to associates	14	50,678	53,436
Other non-current receivables	15	89,427	46,420
Non-current assets		6,492,845	6,040,298

Trade and other receivables	17	460,573	426,678
Current income tax assets	12	13,983	17,646
Cash and cash equivalents	18	386,556	170,370
Current assets		861,112	614,694

Total assets		7,353,957	6,654,992

(in thousands of euros)	Note	31 December 2018	31 December 2017
Equity and liabilities

Issued share capital	19	84,511	84,511
Share premium	19	362,811	362,811
Retained profits	20	3,697,968	3,570,069
Other reserves	21	-76,606	-81,179
Equity attributable to owners of the company		4,068,684	3,936,212

Non-controlling interests	22	48,673	41,972
Total equity		4,117,357	3,978,184

Borrowings	23	2,366,235	2,074,627
Employee benefits	24	50,465	42,137
Provisions	25	55,900	36,912
Deferred tax liabilities	12	14,977	16,651
Other non-current liabilities	26	92,683	133,407
Non-current liabilities		2,580,260	2,303,734

Borrowings	23	200,655	35,220
Current income tax liabilities	12	155	780
Trade and other payables	27	455,530	337,074
Current liabilities		656,340	373,074

Total liabilities		3,236,600	2,676,808

Total equity and liabilities		7,353,957	6,654,992

Consolidated statement of changes in equity for the year ended 31 December 2018