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Balance sheet

Balance sheet
    Dec. 31, 2009
Dec. 31, 2010
(€ million) Note Total  of wich related parties Total of wich related parties 
ASSETS
         
Current assets
         
Cash and cash equivalents
(N.1) 986 617 930 509
Other financial assets held for trading or available for sale
(N.2) 36   -  
Trade and other receivables
(N.3) 4,040 1,158 4,330 1,073
Inventories
(N.4) 1,071 142 791 -
Current tax assets
(N.5) 113   72  
Other current tax assets
(N.6) 285   218  
Other current assets
(N.7) 256 159 275 165
Total current assets
  6,787   6,616  
Non-current assets
         
Property, plant and equipment
(N.8) 6,295   7,403  
Intangible assets
(N.9) 756   760  
Investments accounted for using the equity method
(N.10) 118   115  
Other investments
(N.11) 2   2  
Other financial assets
(N.12) 8   3  
Deferred tax assets
(N.13) 113   90  
Other non-current assets
(N.14) 34   39  
Total non-current assets
  7,326   8,412  
TOTAL ASSETS
  14,113   15,028  
LIABILITIES AND SHAREHOLDERS’ EQUITY
         
Current liabilities
         
Short-term debt
(N.15) 1,797 1,746 1,002 875
Current portion of long-term debt
(N.20) 350 72 327 126
Trade and other payables
(N.16) 5,735 255 5,814 344
Income tax payables
(N.17) 115   166  
Other current tax liabilities
(N.18) 124   107  
Other current liabilities
(N.19) 227 169 149 132
Total current liabilities
  8,348   7,565  
Non-current liabilities
         
Long-term debt
(N.20) 1,796 1,590 2,887 2,687
Provisions for contingencies
(N.21) 200   164  
Provisions for employee benefits
(N.22) 182   193  
Deferred tax liabilities
(N.23) 64   55  
Other non-current liabilities
( N.24) 28 26 10 8
Total non-current liabilities
  2,270   3,309  
TOTAL LIABILITIES
  10,618   10,874  
SHAREHOLDERS’ EQUITY
         
Minority interest
(N.25) 61   94  
Saipem’s shareholders’ equity:
(N. 26) 3,434   4,060  
- share capital
(N.27) 441   441  
- share premium reserve
(N. 28) 55   55  
- other reserves
( N.29) 99   46  
- retained earnings
  2,226   2,758  
- net profit for the year
  732   844  
-treasury shares (N.30) (119)   (84)  
Total shareholders’ equity
  3,495   4,154  
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
  14,113   15,028