27 Sources and Uses Refer to the balance sheet of a hypothetical firm below. Determine whether each item is a source or a use of cash, and the amount:

CONSOLIDATED BALANCE SHEET as at 31 December

€ million This Year Last Year Intangible assets 2,322 2,316 Property, plant and equipment 40,549 39,810 Environmental rehabilitation trusts 360 379 Investments in associates 5,240 4,900 Financial asset investments 2,896 3,220 Trade and other receivables 437 321 Deferred tax assets 530 389 Other financial assets (derivatives) 668 465 Other non-current assets 138 178 Total non-current assets 53,140 51,978 Inventories 3,517 3,604 Trade and other receivables 3,674 3,731 Current tax assets 207 235 Other financial assets (derivatives) 172 377 Cash and cash equivalents 11,732 6,401 Total current assets 19,302 14,348 Assets classified as held for sale – 330 Total assets 72,442 66,656 Trade and other payables (5,098) (4,950)

Short-term borrowings (1,018) (1,535)

Provisions for liabilities and charges (372) (446)

Current tax liabilities (1,528) (871)

Other financial liabilities (derivatives) (162) (80)

Total current liabilities (8,178) (7,882)

Medium- and long-term borrowings (11,855) (11,904)

Retirement benefit obligations (639) (591)

Deferred tax liabilities (5,730) (5,641)

Other financial liabilities (derivatives) (950) (755)

Provisions for liabilities and charges (1,830) (1,666)

Other non-current liabilities (71) (104)

Total non-current liabilities (21,075) (20,661)

Liabilities directly associated with assets classified as held for sale – (142)

Total liabilities (29,253) (28,685)

Net assets 43,189 37,971 Equity Called-up share capital 738 738 Share premium account 2,714 2,713 Other reserves 283 3,642 Retained earnings 35,357 27,146 Equity attributable to equity shareholders of the company 39,092 34,239 Non-controlling interests 4,097 3,732 Total equity 43,189 37,971