Lease debt break down as follows:
| € millions | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|
| Lease debt due in more than 5 years | Lease debt due in more than 5 years 31.12.2023406.3 |
Lease debt due in more than 5 years 31.12.2022360.5 |
Lease debt due in more than 5 years 31.12.2021313.8 |
| Lease debt due in between 1 and 5 years | Lease debt due in between 1 and 5 years 31.12.2023987.9 |
Lease debt due in between 1 and 5 years 31.12.2022853.0 |
Lease debt due in between 1 and 5 years 31.12.2021933.7 |
| Lease debt due in less than 1 year | Lease debt due in less than 1 year 31.12.2023459.8 |
Lease debt due in less than 1 year 31.12.2022407.0 |
Lease debt due in less than 1 year 31.12.2021422.8 |
| LEASE DEBT | LEASE DEBT31.12.20231,854.0 | LEASE DEBT31.12.20221,620.5 | LEASE DEBT31.12.20211,670.3 |
| € millions | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|
| Finished products and consumables | Finished products and consumables 31.12.20233,826.9 |
Finished products and consumables 31.12.20223,375.5 |
Finished products and consumables 31.12.20212,770.3 |
| Raw materials, packaging and semi-finished products | Raw materials, packaging and semi-finished products 31.12.20231,156.1 |
Raw materials, packaging and semi-finished products 31.12.20221,178.1 |
Raw materials, packaging and semi-finished products 31.12.2021838.6 |
| Gross value | Gross value31.12.20234,983.0 | Gross value31.12.20224,553.6 | Gross value31.12.20213,608.9 |
| Valuation allowance | Valuation allowance 31.12.2023500.6 |
Valuation allowance 31.12.2022474.2 |
Valuation allowance 31.12.2021442.1 |
| INVENTORIES – NET | INVENTORIES – NET31.12.20234,482.4 | INVENTORIES – NET31.12.20224,079.4 | INVENTORIES – NET31.12.20213,166.9 |
| € millions | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|
| Gross value | Gross value 31.12.20235,125.5 |
Gross value 31.12.20224,792.3 |
Gross value 31.12.20214,069.7 |
| Valuation allowance | Valuation allowance 31.12.202332.8 |
Valuation allowance 31.12.202236.8 |
Valuation allowance 31.12.202148.7 |
| NET VALUE | NET VALUE31.12.20235,092.7 | NET VALUE31.12.20224,755.5 | NET VALUE31.12.20214,021.0 |
Trade accounts receivable are due within one year. The impairment of trade accounts receivable reflects the level of expected losses on the customer portfolio from the outset of the receivable. Moreover, except when local conditions do not allow it, the Group has insurance cover for the subsidiaries.
The non-collection risk on trade accounts receivables is therefore minimised, and this is reflected in the level of the allowance, which remains less than 1% of gross receivables at the end of 2023.
| € millions | 31.12.2023 | 31.12.2022 | 31.12.2021 |
|---|---|---|---|
| Tax and employee-related receivables (excluding income tax) | Tax and employee-related receivables (excluding income tax) 31.12.2023864.4 |
Tax and employee-related receivables (excluding income tax) 31.12.2022831.6 |
Tax and employee-related receivables (excluding income tax) 31.12.2021707.9 |
| Prepaid expenses | Prepaid expenses 31.12.2023655.8 |
Prepaid expenses 31.12.2022617.3 |
Prepaid expenses 31.12.2021503.6 |
| Derivatives | Derivatives 31.12.2023177.7 |
Derivatives 31.12.2022260.9 |
Derivatives 31.12.202167.6 |
| Current financial assets | Current financial assets 31.12.202333.1 |
Current financial assets 31.12.202223.1 |
Current financial assets 31.12.20214.8 |
| Other current assets(1)These mainly include year-end rebates for €186.0 million and advances and down-payments on purchase orders for €206.4 million. | Other current assets (1)These mainly include year-end rebates for €186.0 million and advances and down-payments on purchase orders for €206.4 million.31.12.2023539.6 |
Other current assets (1)These mainly include year-end rebates for €186.0 million and advances and down-payments on purchase orders for €206.4 million.31.12.2022690.2 |
Other current assets (1)These mainly include year-end rebates for €186.0 million and advances and down-payments on purchase orders for €206.4 million.31.12.2021753.9 |
| TOTAL | TOTAL31.12.20232,270.6 | TOTAL31.12.20222,423.2 | TOTAL31.12.20212,037.9 |
