Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

LyondellBasell Industries N.V., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014
Cash and cash equivalents	332)	1,523)	875)	924)	1,031)
Restricted cash	69)	5)	3)	7)	2)
Short-term investments	892)	1,307)	1,147)	1,064)	1,593)
Trade, net	3,355)	3,359)	2,716)	2,363)	3,226)
Related parties	148)	180)	126)	154)	222)
Accounts receivable	3,503)	3,539)	2,842)	2,517)	3,448)
Inventories	4,515)	4,217)	3,809)	4,051)	4,517)
Loans receivable	544)	570)	369)	289)	350)
Renewable identification numbers	65)	117)	123)	301)	198)
Advances to suppliers	57)	35)	37)	54)	66)
Income tax receivable	169)	29)	82)	315)	126)
VAT receivables	218)	184)	95)	113)	76)
Deferred tax assets	—)	—)	—)	—)	67)
Prepaid insurance	25)	25)	28)	33)	42)
Financial derivatives	80)	66)	61)	20)	—)
Other	97)	121)	128)	101)	129)
Prepaid expenses and other current assets	1,255)	1,147)	923)	1,226)	1,054)
Current assets	10,566)	11,738)	9,599)	9,789)	11,645)
Property, plant and equipment, net	12,477)	10,997)	10,137)	8,991)	8,758)
Investment in PO joint ventures	469)	420)	415)	397)	384)
Equity investments	1,611)	1,635)	1,575)	1,608)	1,636)
Other investments and long-term receivables	23)	17)	20)	122)	44)
Investments and long-term receivables	2,103)	2,072)	2,010)	2,127)	2,064)
Goodwill	1,814)	570)	528)	536)	566)
Intangible assets, net	965)	568)	550)	640)	769)
Deferred tax assets	31)	90)	192)	205)	271)
Debt issuance costs	12)	15)	19)	23)	89)
Company-owned life insurance	62)	56)	55)	54)	53)
Derivative contracts	118)	26)	296)	326)	40)
Pension assets	39)	33)	13)	12)	11)
Other	91)	41)	43)	54)	17)
Other assets	353)	261)	618)	674)	481)
Noncurrent assets	17,712)	14,468)	13,843)	12,968)	12,638)
Total assets	28,278)	26,206)	23,442)	22,757)	24,283)

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	LyondellBasell Industries N.V. current assets increased from 2016 to 2017 but then slightly decreased from 2017 to 2018 not reaching 2016 level.
Property, plant and equipment, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	LyondellBasell Industries N.V. property, plant and equipment, net increased from 2016 to 2017 and from 2017 to 2018.
Noncurrent assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	LyondellBasell Industries N.V. noncurrent assets increased from 2016 to 2017 and from 2017 to 2018.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	LyondellBasell Industries N.V. total assets increased from 2016 to 2017 and from 2017 to 2018.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	LyondellBasell Industries N.V. cash and cash equivalents increased from 2016 to 2017 but then decreased significantly from 2017 to 2018.
Short-term investments	Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.	LyondellBasell Industries N.V. short-term investments increased from 2016 to 2017 but then decreased significantly from 2017 to 2018.
Accounts receivable	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	LyondellBasell Industries N.V. accounts receivable increased from 2016 to 2017 but then slightly decreased from 2017 to 2018.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	LyondellBasell Industries N.V. inventories increased from 2016 to 2017 and from 2017 to 2018.

LyondellBasell Industries N.V. (NYSE:LYB)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items