Consolidated statement of financial position for the year ended
March 31, 2011

A. Non-current assets

Property, plant and equipment

8

4,484,043

4,371,380

Goodwill

9

1,420,404

1,419,550

Other intangible assets

10

462,416

379,888

Investments in associates

11

126,525

142,799

Other financial assets

11

167,154

158,695

Deferred tax assets

12

411,681

383,196

7,072,223

6,855,508

B. Current assets

Inventories

13

2,198,300

2,824,106

Trade and other receivables

14

1,458,113

1,709,767

Other financial assets

10

536,827

453,633

Cash and cash equivalents

15

1,028,619

1,233,433

5,221,859

6,220,939

Total assets

12,294,082

13,076,447

In thousands of euros

Equity and liabilities

Notes

03/31/2010

03/31/2011

A. Equity

Share capital

307,132

307,132

Capital reserves

417,511

421,083

Hybrid capital

992,096

992,096

Reserve for own shares

–34,450

–24,485

Other reserves

–163,902

–167,482

Retained earnings

2,671,216

3,089,439

Equity attributable to equity holders of the parent

4,189,603

4,617,783

Non-controlling interests

72,844

73,330

16

4,262,447

4,691,113

B. Non-current liabilities

Pensions and other employee obligations

17

853,045

833,156

Provisions

18

57,435

83,324

Deferred tax liabilities

12

246,021

237,010

Financial liabilities

19

3,268,281

3,070,553

4,424,782

4,224,043

C. Current liabilities

Provisions

18

382,002

402,073

Tax liabilities

50,951

134,719

Financial liabilities

19

1,448,033

1,427,930

Trade and other payables

20

1,725,867

2,196,569

3,606,853

4,161,291

Total equity and liabilities

12,294,082

13,076,447

In thousands of euros