Trends in financial position and cash flows

€ million 31/12/2021 31/12/2020 Change % change
Non-current Assets and Liabilities 7,200.1 6,626.2 573.9 8.7%
Net working capital (695.3) (750.9) 55.7 (7.4%)
Invested Capital 6,504.9 5,875.3 629.6 10.7%
Financial debt (3,988.4) (3,552.0) (436.4) 12.3%
Shareholders' Equity (2,516.4) (2,323.3) (193.2) 8.3%
Total Sources of Financing 6,504.9 5,875.3 629.6 10.7%

Non-current Assets and Liabilities

Non-current assets and liabilities increased by € 573.9 million (+8.7 %) compared to 31 December 2020, mainly due to the increase in fixed assets (+€ 469.8 million).


€ million
31/12/2021 31/12/2020 Change % change
Tangible/intangible fixed assets 6,705.2 6,235.4 469.8 7.5%
Equity investments 295.2 279.5 15.8 5.6%
Other non-current assets 969.6 796.2 173.5 21.8%
Employee severance indemnity and other defined-benefit plans (120.2) (122.0) 1.9 (1.6%)
Provisions for risks and charges (193.3) (157.0) (36.4) 23.2%
Other non-current liabilities (456.5) (405.8) (50.7) 12.5%
Non-current assets and liabilities 7,200.1 6,626.2 573.9 8.7%

The change in fixed assets was mainly due to investments, which reached € 970.4 million, and depreciation, amortisation and impairment, totalling € 546.6 million.

Investments
Net working capital
Roma Capitale
Shareholders’ equity
Financial debt
Rating
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