Consolidated balance sheet as at December 31, 2022

before appropriations

In millions of CHF
Notes 2022 2021
Assets

Current assets
Cash and cash equivalents 12/16 5,511 6,988
Short-term investments 12 1,176 7,007
Inventories 6 15,019 11,982
Trade and other receivables 7/12 11,116 11,155
Prepayments 549 575
Derivative assets 12 309 278
Current income tax assets 1,285 1,204
Assets held for sale 97 68
Total current assets 35,062 39,257

Non-current assets
Property, plant and equipment 8 30,141 28,345
Goodwill 9 31,262 31,012
Intangible assets 9 20,237 22,223
Investments in associates and joint ventures 14 13,023 11,806
Financial assets 12 3,253 2,824
Employee benefits assets and reimbursement rights 10 1,161 2,417
Deferred tax assets 13 1,043 1,258
Total non-current assets 100,120 99,885

Total assets 135,182 139,142

Extract from the Consolidated Financial Statements of the Nestlé Group 2022
Consolidated balance sheet as at December 31, 2022 (continued)

In millions of CHF
Notes 2022 2021
Liabilities and equity

Current liabilities
Financial debt 12 10,892 10,092
Derivative liabilities 12 352 464
Trade and other payables 7/12 20,523 20,907
Accruals 5,114 5,051
Provisions 11 620 532
Current income tax liabilities 2,447 2,962
Liabilities directly associated with assets held for sale 28 12
Total current liabilities 39,976 40,020

Non-current liabilities
Financial debt 12 43,420 36,482
Derivative liabilities 12 470 —
Employee benefits liabilities 10 2,884 3,779
Provisions 11 1,113 1,106
Deferred tax liabilities 13 3,671 3,794
Other payables 12 856 234
Total non-current liabilities 52,414 45,395

Total liabilities 92,390 85,415

Equity 17
Share capital 275 282
Treasury shares (9,303) (6,194)
Translation reserve (23,559) (22,266)
Other reserves (63) (45)
Retained earnings 74,632 81,363
Total equity attributable to shareholders of the parent 41,982 53,140
Non-controlling interests 810 587
Total equity 42,792 53,727

Total liabilities and equity 135,182 139,142

Extract from the Consolidated Financial Statements of the Nestlé Group 2022