Merck Annual Report 2008

€ million	Note	Dec. 31, 2008	Dec. 31, 2007
Current assets
Cash and cash equivalents	[16]	692.7	426.6
Marketable securities and financial assets	[17]	176.8	565.3
Trade accounts receivable	[18]	1,659.4	1,378.3
Inventories	[19]	1,407.4	1,158.5
Other current assets	[20]	283.3	226.4
Tax receivables	[21]	139.1	43.5
Assets held for sale	[22]	–	26.9
		4,358.7	3,825.5
Non-current assets
Intangible assets	[23]	8,203.4	8,164.6
Property, plant and equipment	[24]	2,440.1	2,274.5
Investments at equity	[25]	1.3	1.4
Non-current financial assets	[25]	97.4	130.3
Other non-current financial assets	[20]	63.7	61.8
Deferred tax assets	[12]	480.1	464.2
		11,286.0	11,096.8

Total assets		15,644.7	14,922.3


Current liabilities
Current financial liabilities	[26]	266.2	300.4
Trade accounts payable	[27]	843.7	646.9
Other current liabilities	[28]	694.2	981.3
Tax liabilities	[29]	347.2	337.1
Current provisions	[30]	227.1	297.0
Liabilities held for sale	[22]	–	8.0
		2,378.4	2,570.7
Non-current liabilities
Non-current financial liabilities	[26]	1,080.1	1,046.6
Other non-current liabilities	[28]	19.6	39.5
Non-current provisions	[30]	563.4	570.0
Provisions for pensions and other post-employment benefits	[31]	1,144.0	1,185.5
Deferred tax liabilities	[12]	896.2	822.4
		3,703.3	3,664.0
Net equity	[32]
Equity capital		565.2	565.2
Reserves		8,940.2	8,060.5
Minority interest		57.6	61.9
		9,563.0	8,687.6

Total liabilities and stockholders’ equity		15,644.7	14,922.3

Balance Sheet Audited