| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Financial assets at amortized cost | | Financial assets at fair value through profit or loss | | | | Derivatives designated in hedge relationships | | Financial
liabilities at
amortized
cost | | Total | | June 30, 2025 | €m | | €m | | | | €m | | €m | | €m | | Assets | | | | | | | | | | | | | Derivative financial instruments | — | | | — | | | | | 5.9 | | | — | | | 5.9 | | | Trade and other receivables | 365.7 | | | — | | | | | — | | | — | | | 365.7 | | | Cash and cash equivalents | 132.2 | | | 134.4 | | | | | — | | | — | | | 266.6 | | | | | | | | | | | | | | | Liabilities | | | | | | | | | | | | | Derivative financial instruments | — | | | — | | | | | (163.5) | | | — | | | (163.5) | | | | | | | | | | | | | | | Trade and other payables excluding non-financial liabilities | — | | | — | | | | | — | | | (797.1) | | | (797.1) | | | Loans and borrowings | — | | | — | | | | | — | | | (2,102.4) | | | (2,102.4) | | | Total | 497.9 | | | 134.4 | | | | | (157.6) | | | (2,899.5) | | | (2,424.8) | |
Trade receivables disclosed in the table above are net of contract liabilities related to discounts and trade marketing expenses of €158.4 million.
Loans and borrowings includes €91.0 million relating to lease liabilities. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Financial assets at amortized cost | | Financial assets at fair value through profit or loss | | | | Derivatives designated in hedge relationships | | Financial
liabilities at
amortized
cost | | Total | | December 31, 2024 | €m | | €m | | | | €m | | €m | | €m | | Assets | | | | | | | | | | | | | Derivative financial instruments | — | | | — | | | | | 21.2 | | | — | | | 21.2 | | | Trade and other receivables | 302.1 | | | — | | | | | — | | | — | | | 302.1 | | | Cash and cash equivalents | 235.6 | | | 167.7 | | | | | — | | | — | | | 403.3 | | | | | | | | | | | | | | | Liabilities | | | | | | | | | | | | | Derivative financial instruments | — | | | — | | | | | (60.8) | | | — | | | (60.8) | | | | | | | | | | | | | | | Trade and other payables excluding non-financial liabilities | — | | | — | | | | | — | | | (773.5) | | | (773.5) | | | Loans and borrowings | — | | | — | | | | | — | | | (2,177.4) | | | (2,177.4) | | | Total | 537.7 | | | 167.7 | | | | | (39.6) | | | (2,950.9) | | | (2,285.1) | |
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