| Schedule of financial assets and liabilities disclosed in the balance sheet |
The financial assets and liabilities disclosed in the balance sheet are detailed as follows: | | | | | | | | | | | | | As of December 31, 2025 | | | | | | Other | | | | | | | (M$) | | | | Fair value through | | comprehensive | | Fair value of bonds | | | | | Assets / (Liabilities) | | Amortized cost | | P&L | | income | | hedging instruments | | Total | | Fair value | Equity affiliates: loans | | 6,255 | | 1,170 | | – | | – | | 7,425 | | 7,425 | Other investments | | – | | 1,320 | | 594 | | – | | 1,914 | | 1,914 | Non-current financial assets | | 1,279 | | 1,008 | | 171 | | 812 | | 3,270 | | 3,270 | Other non-current assets | | 2,627 | | – | | – | | – | | 2,627 | | 2,627 | Accounts receivable, net(b) | | 18,559 | | – | | – | | – | | 18,559 | | 18,559 | Other operating receivables | | 8,222 | | 5,638 | | 72 | | – | | 13,932 | | 13,932 | Current financial assets | | 2,375 | | 876 | | – | | 81 | | 3,332 | | 3,332 | Cash and cash equivalents | | 26,202 | | – | | – | | – | | 26,202 | | 26,202 | Total financial assets | | 65,519 | | 10,012 | | 837 | | 893 | | 77,261 | | 77,261 | Total non-financial assets | | | | | | | | | | 213,794 | | | TOTAL ASSETS | | | | | | | | | | 291,055 | | | Non-current financial debt(a) | | (47,775) | | (258) | | – | | (962) | | (48,995) | | (49,447) | Accounts payable(b) | | (38,065) | | – | | – | | – | | (38,065) | | (38,065) | Other operating liabilities | | (17,379) | | (4,357) | | (38) | | – | | (21,774) | | (21,774) | Current borrowings(a) | | (12,038) | | – | | – | | – | | (12,038) | | (12,032) | Other current financial liabilities | | – | | (170) | | – | | (218) | | (388) | | (388) | Total financial liabilities | | (115,257) | | (4,785) | | (38) | | (1,180) | | (121,260) | | (121,706) | Total non-financial liabilities | | | | | | | | | | (169,795) | | | TOTAL LIABILITIES | | | | | | | | | | (291,055) | | |
(a) | The financial debt is adjusted to the hedged risks value (currency and interest rate) as part of hedge accounting (refer to Note 15 to the Consolidated Financial Statements). |
(b) | Receivables and payables are offset by an amount of $6,930 million, corresponding to the netting, mainly in trading activities, between receivables and payables with the same counterparty that can legally be settled on a net basis. |
| | | | | | | | | | | | | As of December 31, 2024 | | | | | | Other | | | | | | | (M$) | | | | Fair value through | | comprehensive | | Fair value of bonds | | | | | Assets / (Liabilities) | | Amortized cost | | P&L | | income | | hedging instruments | | Total | | Fair value | Equity affiliates: loans | | 6,240 | | 293 | | – | | – | | 6,533 | | 6,533 | Other investments | | – | | 1,154 | | 511 | | – | | 1,665 | | 1,665 | Non-current financial assets | | 1,278 | | 348 | | 133 | | 546 | | 2,305 | | 2,305 | Other non-current assets | | 3,852 | | – | | – | | – | | 3,852 | | 3,852 | Accounts receivable, net(b) | | 19,281 | | – | | – | | – | | 19,281 | | 19,281 | Other operating receivables | | 7,774 | | 9,033 | | 39 | | – | | 16,846 | | 16,846 | Current financial assets | | 5,206 | | 1,679 | | – | | 29 | | 6,914 | | 6,914 | Cash and cash equivalents | | 25,844 | | – | | – | | – | | 25,844 | | 25,844 | Total financial assets | | 69,475 | | 12,507 | | 683 | | 575 | | 83,240 | | 83,240 | Total non-financial assets | | | | | | | | | | 202,247 | | | TOTAL ASSETS | | | | | | | | | | 285,487 | | | Non-current financial debt(a) | | (40,939) | | (281) | | – | | (2,313) | | (43,533) | | (43,905) | Accounts payable(b) | | (39,932) | | – | | – | | – | | (39,932) | | (39,932) | Other operating liabilities | | (12,562) | | (7,665) | | (15) | | – | | (20,242) | | (20,242) | Current borrowings(a) | | (10,024) | | – | | – | | – | | (10,024) | | (10,012) | Other current financial liabilities | | – | | (239) | | – | | (425) | | (664) | | (664) | Total financial liabilities | | (103,457) | | (8,185) | | (15) | | (2,738) | | (114,395) | | (114,755) | Total non-financial liabilities | | | | | | | | | | (171,092) | | | TOTAL LIABILITIES | | | | | | | | | | (285,487) | | |
(a) | The financial debt is adjusted to the hedged risks value (currency and interest rate) as part of hedge accounting (refer to Note 15 to the Consolidated Financial Statements). |
(b) | Receivables and payables are offset by an amount of $5,718 million, corresponding to the netting, mainly in trading activities, between receivables and payables with the same counterparty that can legally be settled on a net basis. |
| | | | | | | | | | | | | As of December 31, 2023 | | | | | | Other | | | | | | | (M$) | | | | Fair value through | | comprehensive | | Fair value of bonds | | | | | Assets / (Liabilities) | | Amortized cost | | P&L | | income | | hedging instruments | | Total | | Fair value | Equity affiliates: loans | | 4,260 | | 302 | | – | | – | | 4,562 | | 4,562 | Other investments | | – | | 1,188 | | 355 | | – | | 1,543 | | 1,543 | Non-current financial assets | | 1,166 | | 414 | | 142 | | 673 | | 2,395 | | 2,395 | Other non-current assets | | 3,983 | | – | | – | | – | | 3,983 | | 3,983 | Accounts receivable, net(b) | | 23,442 | | – | | – | | – | | 23,442 | | 23,442 | Other operating receivables | | 7,940 | | 6,775 | | 237 | | – | | 14,952 | | 14,952 | Current financial assets | | 5,046 | | 1,448 | | – | | 91 | | 6,585 | | 6,585 | Cash and cash equivalents | | 27,263 | | – | | – | | – | | 27,263 | | 27,263 | Total financial assets | | 73,100 | | 10,127 | | 734 | | 764 | | 84,725 | | 84,725 | Total non-financial assets | | | | | | | | | | 198,929 | | | TOTAL ASSETS | | | | | | | | | | 283,654 | | | Non-current financial debt(a) | | (38,040) | | (240) | | – | | (2,198) | | (40,478) | | (41,329) | Accounts payable(b) | | (41,335) | | – | | – | | – | | (41,335) | | (41,335) | Other operating liabilities | | (12,287) | | (7,573) | | (77) | | – | | (19,937) | | (19,937) | Current borrowings (a) | | (9,590) | | – | | – | | – | | (9,590) | | (9,601) | Other current financial liabilities | | – | | (178) | | – | | (268) | | (446) | | (446) | Total financial liabilities | | (101,252) | | (7,991) | | (77) | | (2,466) | | (111,786) | | (112,648) | Total non-financial liabilities | | | | | | | | | | (171,868) | | | TOTAL LIABILITIES | | | | | | | | | | (283,654) | | |
(a) | The financial debt is adjusted to the hedged risks value (currency and interest rate) as part of hedge accounting (refer to Note 15 to the Consolidated Financial Statements). |
(b) | Receivables and payables are offset by an amount of $5,897 million, corresponding to the netting, mainly in trading activities, between receivables and payables with the same counterparty that can legally be settled on a net basis. |
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