Lease debt break down as follows:
| € millions | 31.12.2021 | 31.12.2020 | 31.12.2019 |
|---|---|---|---|
| Lease debt due in more than 5 years | Lease debt due in more than 5 years 31.12.2021 313.8 |
Lease debt due in more than 5 years 31.12.2020299.9 |
Lease debt due in more than 5 years 31.12.2019465.7 |
| Lease debt due in between 1 and 5 years | Lease debt due in between 1 and 5 years 31.12.2021 933.7 |
Lease debt due in between 1 and 5 years 31.12.2020994.8 |
Lease debt due in between 1 and 5 years 31.12.20191,162.3 |
| Lease debt due in less than 1 year | Lease debt due in less than 1 year 31.12.2021 422.8 |
Lease debt due in less than 1 year 31.12.2020386.9 |
Lease debt due in less than 1 year 31.12.2019407.9 |
| LEASE DEBT | LEASE DEBT 31.12.2021 1,670.3 |
LEASE DEBT31.12.20201,681.6 | LEASE DEBT31.12.20192,035.9 |
| € millions | 31.12.2021 | 31.12.2020 | 31.12.2019 |
|---|---|---|---|
| Finished products and consumables | Finished products and consumables 31.12.2021 2,770.3 |
Finished products and consumables 31.12.20202,492.2 |
Finished products and consumables 31.12.20192,724.0 |
| Raw materials, packaging and semi-finished products | Raw materials, packaging and semi-finished products 31.12.2021 838.6 |
Raw materials, packaging and semi-finished products 31.12.2020643.4 |
Raw materials, packaging and semi-finished products 31.12.2019605.7 |
| Gross value | Gross value 31.12.2021 3,608.9 |
Gross value31.12.20203,135.6 | Gross value31.12.20193,329.7 |
| Valuation allowance | Valuation allowance 31.12.2021 442.1 |
Valuation allowance 31.12.2020459.8 |
Valuation allowance 31.12.2019409.0 |
| INVENTORIES – NET | INVENTORIES – NET 31.12.2021 3,166.9 |
INVENTORIES – NET31.12.20202,675.8 | INVENTORIES – NET31.12.20192,920.8 |
| € millions | 31.12.2021 | 31.12.2020 | 31.12.2019 |
|---|---|---|---|
| Gross value | Gross value 31.12.2021 4,069.7 |
Gross value 31.12.20203,565.4 |
Gross value 31.12.20194,133.5 |
| Valuation allowance | Valuation allowance 31.12.2021 48.7 |
Valuation allowance 31.12.202054.1 |
Valuation allowance 31.12.201946.8 |
| NET VALUE | NET VALUE 31.12.2021 4,021.0 |
NET VALUE31.12.20203,511.3 | NET VALUE31.12.20194,086.7 |
Trade accounts receivable are due within one year. The impairment of trade accounts receivable reflects the level of expected losses on the customer portfolio from the outset of the receivable. Moreover, except when local conditions do not allow it, the Group has insurance cover for the subsidiaries.
The non-collection risk on trade accounts receivables is therefore minimized, and this is reflected in the level of the allowance, which is less than 2% of gross receivables at the end of 2021.
| € millions | 31.12.2021 | 31.12.2020 | 31.12.2019 |
|---|---|---|---|
| Tax and employee-related receivables (excluding income tax) | Tax and employee-related receivables (excluding income tax) 31.12.2021 707.9 |
Tax and employee-related receivables (excluding income tax) 31.12.2020639.0 |
Tax and employee-related receivables (excluding income tax) 31.12.2019616.0 |
| Prepaid expenses | Prepaid expenses 31.12.2021 503.6 |
Prepaid expenses 31.12.2020452.2 |
Prepaid expenses 31.12.2019365.9 |
| Derivatives | Derivatives 31.12.2021 67.6 |
Derivatives 31.12.2020183.0 |
Derivatives 31.12.201949.2 |
| Current financial assets | Current financial assets 31.12.2021 4.8 |
Current financial assets 31.12.20206.7 |
Current financial assets 31.12.201923.3 |
| Other current assets | Other current assets 31.12.2021 753.9 |
Other current assets 31.12.2020451.8 |
Other current assets 31.12.2019420.4 |
| TOTAL | TOTAL 31.12.2021 2,037.9 |
TOTAL31.12.20201,732.7 | TOTAL31.12.20191,474.9 |
| € millions | 31.12.2021 | 31.12.2020 | 31.12.2019 |
|---|---|---|---|
| Tax and employee-related payables (excluding income tax) | Tax and employee-related payables (excluding income tax) 31.12.2021 1,628.3 |
Tax and employee-related payables (excluding income tax) 31.12.20201,533.8 |
Tax and employee-related payables (excluding income tax) 31.12.20191,586.8 |
| Credit balances on trade receivables | Credit balances on trade receivables 31.12.2021 1,326.4 |
Credit balances on trade receivables 31.12.20201,244.5 |
Credit balances on trade receivables 31.12.20191,128.2 |
| Fixed assets payables | Fixed assets payables 31.12.2021 386.6 |
Fixed assets payables 31.12.2020385.1 |
Fixed assets payables 31.12.2019434.5 |
| Derivatives | Derivatives 31.12.2021 240.4 |
Derivatives 31.12.202094.9 |
Derivatives 31.12.2019123.6 |
| Other current liabilities | Other current liabilities 31.12.2021 399.1 |
Other current liabilities 31.12.2020424.3 |
Other current liabilities 31.12.2019235.4 |
| TOTAL | TOTAL 31.12.2021 3,980.8 |
TOTAL31.12.20203,682.5 | TOTAL31.12.20193,508.5 |
This caption is broken down as follows:
| € millions | 2021 | 2020 | 2019 |
|---|---|---|---|
| Inventories | Inventories 2021 -373.3 |
Inventories 2020101.9 |
Inventories 2019-53.8 |
| Trade accounts receivable | Trade accounts receivable 2021 -407.1 |
Trade accounts receivable 2020315.3 |
Trade accounts receivable 2019-59.6 |
| Trade accounts payable | Trade accounts payable 2021 1,086.8 |
Trade accounts payable 2020345.3 |
Trade accounts payable 2019110.7 |
| Other receivables and payables | Other receivables and payables 2021 -218.5 |
Other receivables and payables 2020(33.3) |
Other receivables and payables 2019463.2 |
| TOTAL | TOTAL 2021 88.0 |
TOTAL2020729.2 | TOTAL2019460.5 |
