Consolidated Balance Sheet

(in € million)
assets	Notes	Dec. 31, 2007	Dec. 31, 2008
Intangible assets	12	357	389
Property, plant, and equipment	13	699	727
Non-current financial assets		7	11
Other non-current assets		3	4
Deferred tax assets		34	36
Non-current assets		1,100	1,167
Inventories	14	598	634
Trade receivables	15	823	894
Other current financial assets		99	128
Income tax receivables		38	45
Other current assets		69	81
Securities	16	-	897
Cash and cash equivalents	17	1,117	613
Non-current assets and disposal groups held for sale	18	57	-
Current assets		2,801	3,292
		3,901	4,459

equity and liabilities	Notes	Dec. 31, 2007	Dec. 31, 2008
Share capital	21	252	252
Additional paid-in capital	24	47	47
Retained earnings	25	1,879	2,280
Other equity	26/27	–117	–129
Equity attributable to equity holders of Beiersdorf AG		2,061	2,450
Minority interests	28	9	10
Equity		2,070	2,460
Provisions for pensions and other post-employment benefits	29	275	235
Other non-current provisions	30	132	131
Non-current financial liabilities	31	60	72
Other non-current liabilities	31	7	6
Deferred tax liabilities		108	155
Non-current liabilities		582	599
Other current provisions	30	374	363
Income tax liabilities		82	99
Trade payables	31	573	690
Other current financial liabilities	31	160	174
Other current liabilities	31	60	74
Current liabilities		1,249	1,400
		3,901	4,459