Business and Non-Current Asset Disposals (Tables)

12 Months Ended

Dec. 31, 2017

Text Block1 [Abstract]

Summary of Business and Non-Current Asset Disposals

	Business disposals						Disposal of other non-current assets						Total
	2017 €m		2016 €m		2015  (i) €m		2017 €m		2016 €m		2015 €m		2017 €m		2016 €m		2015 €m
Assets/(liabilities) disposed of at net carrying amount:
- non-current assets (notes 14,15,16)		47		147		570		79		109		103		126		256		673
- cash and cash equivalents		11		3		90		-		-		-		11		3		90
- working capital and provisions (note 20)		29		24		246		-		-		-		29		24		246
- interest-bearing loans and borrowings		-		-		(20)		-		-		-		-		-		(20)
- deferred tax (note 27)		2		(1)		(22)		-		-		-		2		(1)		(22)
- retirement benefit obligations		-		-		(84)		-		-		-		-		-		(84)
Net assets disposed		89		173		780		79		109		103		168		282		883
Reclassification of currency translation effects on disposal		9		(44)		39		-		-		-		9		(44)		39
Total		98		129		819		79		109		103		177		238		922
Proceeds from disposals (net of disposal costs)		99		133		875		134		158		140		233		291		1,015
Profit on step acquisition (note 31)		-		-		6		-		-		-		-		-		6
Profit on disposals		1		4		62		55		49		37		56		53		99
Net cash inflow arising on disposal
Proceeds from disposals from continuing operations		99		133		875		134		158		140		233		291		1,015
Proceeds from disposals from discontinued operations		-		-		-		3		2		2		3		2		2
Less: cash and cash equivalents disposed		(11)		(3)		(90)		-		-		-		(11)		(3)		(90)
Less: deferred proceeds arising on disposal (note 20)		(3)		(7)		(38)		-		-		-		(3)		(7)		(38)
Total		85		123		747		137		160		142		222		283		889

(i) Disposals in 2015 related principally to the divestment of the Group’s clay and certain concrete businesses in the UK (Europe Heavyside) and its clay business in the US (Americas Products) on 26 February 2015.