Movement in Working Capital and Provisions for Liabilities

12 Months Ended

Dec. 31, 2017

Text Block1 [Abstract]

Movement in Working Capital and Provisions for Liabilities

20. Movement in Working Capital and Provisions for Liabilities

	Inventories €m		Trade and other receivables €m		Trade and other payables €m		Provisions   for liabilities €m		Total €m
At 1 January 2017		2,939		4,191		(5,276)		(1,060)		794
Translation adjustment		(218)		(286)		348		72		(84)
Arising on acquisition (note 31)		114		129		(149)		(49)		45
Reclassified as held for sale		(266)		(334)		306		-		(294)
Disposals		(34)		(16)		20		1		(29)
Deferred and contingent acquisition consideration:
- arising on acquisitions during year (note 31)		-		-		(45)		-		(45)
- paid during year		-		-		53		-		53
Deferred proceeds arising on disposals during year		-		3		-		-		3
Interest accruals and discount unwinding		-		1		-		(24)		(23)
Reclassification		(3)		(14)		65		-		48
Increase/(decrease) in working capital and provisions for liabilities		183		112		(82)		(4)		209
At 31 December 2017		2,715		3,786		(4,760)		(1,064)		677
The equivalent disclosure for the prior years is as follows:
At 1 January 2016		2,873		4,126		(5,171)		(1,035)		793
Translation adjustment		20		(12)		26		26		60
Arising on acquisition (note 31)		9		28		(14)		18		41
Disposals		(18)		(15)		8		1		(24)
Deferred and contingent acquisition consideration:
- arising on acquisitions during year (note 31)		-		-		(22)		-		(22)
- paid during year		-		-		57		-		57
Deferred proceeds arising on disposals during year		-		7		-		-		7
Interest accruals and discount unwinding		-		-		(24)		(30)		(54)
Transfer to property, plant and equipment		-		(8)		-		-		(8)
Increase/(decrease) in working capital and provisions for liabilities		55		65		(136)		(40)		(56)
At 31 December 2016		2,939		4,191		(5,276)		(1,060)		794
At 1 January 2015		2,260		2,729		(3,151)		(396)		1,442
Translation adjustment		130		147		(151)		(5)		121
Arising on acquisition (note 31)		621		1,533		(1,549)		(581)		24
Reclassified from held for sale		102		79		(98)		(7)		76
Disposals		(211)		(178)		137		6		(246)
Deferred and contingent acquisition consideration:
- arising on acquisitions during year (note 31)		-		-		(97)		-		(97)
- paid during year		-		-		59		-		59
Deferred proceeds arising on disposals during year		-		38		-		-		38
Interest accruals and discount unwinding		-		-		(20)		(19)		(39)
Decrease in working capital and provisions for liabilities		(29)		(222)		(301)		(33)		(585)
At 31 December 2015		2,873		4,126		(5,171)		(1,035)		793