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3.1 Capital employed and working capital
Capital employed
€ million Note 31 Dec. 2017 31 Dec. 2016
Property, plant and equipment 3.3 1,293.1 1,150.4
Intangible assets 3.4 376.2 430.5
Interests in associates and joint ventures 3.9 117.4 107.9
Non-current available-for-sale financial assets 4.3 23.0 15.1
Non-current receivables 4.3 65.4 62.6
Pension assets 3.8 207.5 164.7
Current interest-bearing receivables 4.5 1.5 3.7
Non-current assets classified as held for sale 3.7 1.8 45.7
Non-interest-bearing non-current liabilities -1.5 -9.6
Pension obligations 3.8 -0.4 -0.8
Provisions 3.10 -56.7 -55.8
Liabilities related to available-for-sale non-current assets 3.7 -0.1 -0.8
Working capital 417.1 408.7
Total 2,444.4 2,322.4
Working capital
€ million Note 31 Dec. 2017 31 Dec. 2016
Inventories 3.5 938.6 978.9
Trade receivables 3.6 836.0 831.2
Income tax assets 3.6 11.1 21.2
Other non-interest-bearing receivables 3.6 196.4 198.6
Trade payables -1,023.7 -1,069.2
Other non-interest-bearing liabilities -227.1 -226.9
Income tax liabilities -5.6 -8.7
Accrued liabilities -308.5 -316.2
Total 417.1 408.7
Accrued liabilities are mainly due to the timing of purchases and employee benefit expenses.
Non-current non-interest-bearing liabilities also include an item of €29.9 million (€30.6 million) not allocated to divisions, related to the accrual of a gain on a real estate sale to a joint venture. The item is not included in capital employed.