SEAT Annual Report 2011 - Volkswagen AG

BALANCESHEETAt December 31(millions of euros)Assets Note 2011 2010Non-current assets 3,094.2 3,106.3Intangible assets 6b 576.3 571.9Tangible assets 6c 1,009.5 1,042.4Long-term Group companies investments 6d 1,106.1 1,113.9Long-term financial investments 1.7 1.8Deferred tax assets 18 400.6 376.3Current assets 1,037.1 741.7Non-current assets available for sale 1.4 0.0Inventories 9 364.7 279.6Trade receivables and others 10 554.2 386.7Short-term Group companies investments 11 116.8 67.1Short-term financial investments 11 0.0 7.0Short-term prepaid expenses 0.0 1.3Cash and cash equivalents 0.0 0.0Total 4,131.3 3,848.0Equity and liabilities Note 2011 2010Equity 671.8 736.0Shareholders’ equity 12 656.3 717.8Subventions 13 15.5 18.2Non-current liabilities 321.8 331.9Long-term provisions 14 194.6 198.4Long-term liabilities 15 93.1 91.4Long-term Group companies liabilities 15 2.5 3.0Deferred tax liabilities 18 30.2 39.1Long-term prepaid income 1.4 0.0Current liabilities 3,137.7 2,780.1Short-term provisions 14 594.5 468.8Short-term liabilities 15 55.2 78.7Short-term Group companies liabilities 15 1,052.3 742.9Trade payables and others 16 1,416.8 1,446.5Short-term prepaid income 18.9 43.2Total 4,131.3 3,848.090 | ANNUAL REPORT 2011 | BALANCE SHEET