€

non-current

1

2,5

 

 2,087

 

 

 3,153

 

3

1

 

3,431

 

 

5,280

 

4

5

 

 6,770

 

 

7,424

 

Items measured at a fair value include, 1,044 million (2025: 306 million) of equity securities with a valuation basis of level 1 classification, which comprises financial instruments where fair value is determined by unadjusted quoted prices in active markets for identical instruments. nil (2025: 937 million) of equity securities have a valuation basis level 3 classification, due to some of the inputs to the valuation model being unobservable inputs. The remaining items are measured at fair value and the basis is level 2 classification, which comprises items where fair value is determined from inputs other than quoted prices that are observable for the instruments, either directly or indirectly.

Includes 915 million (2025: 913 million) of investments in sovereign securities measured at amortised cost and a fair value of 899 million (2025: 909 million) with a valuation basis of level 1 classification. The fair value of the remaining balance approximates the carrying value measured at amortised cost.

Includes 862 million (2025: 864 million) of items measured at amortised cost with a fair value of 769 million (2025: 788 million) based on a level 2 classification, together with investments measured at a fair value of 317 million (2025: 365 million) with a valuation basis of level 1 classification and 13 million (2025: nil) with a valuation basis of level 3. The remaining items are measured at amortised cost and the carrying amount approximates fair value.