43. Net financial position and long-term financial assets and securities - €45,415 million

The following table shows the net financial position and long-term financial assets and securities on the basis of the items on the consolidated statement of financial position.

Millions of euro          
  Notes at Dec. 31, 2020 at Dec. 31, 2019 Change
Long-term borrowings 36 49,519 54,174 (4,655) -8.6%
Short-term borrowings 36 6,345 3,917 2,428 62.0%
Other current financial borrowings(1)   5 47 (42) -89.4%
Current portion of long-term borrowings 36 3,168 3,409 (241) -7.1%
Other non-current financial assets included in net financial debt 27.1 (2,745) (3,185) 440 13.8%
Other current financial assets included in net financial debt 28 (4,971) (4,158) (813) -19.6%
Cash and cash equivalents 33 (5,906) (9,029) 3,123 34.6%
Total   45,415 45,175 240 0.5%

(1) “Other current financial borrowings” is included under “Other current financial liabilities”.

Pursuant to CONSOB instructions of July 28, 2006, the following table reports the net financial debt at December 31, 2020 and December 31, 2019, reconciled with net financial debt as provided for in the presentation methods of the Enel Group.

Millions of euro        
  at Dec. 31, 2020 at Dec. 31, 2019 Change
Cash and cash equivalents on hand 42 87 (45) -51.7%
Bank and post office deposits 5,699 7,910 (2,211) -28.0%
Other investments of liquidity 165 1,032 (867) -84.0%
Securities 67 51 16 31.4%
Liquidity 5,973 9,080 (3,107) -34.2%
Short-term loan assets 3,476 2,522 954 37.8%
Current portion of long-term loan assets 1,428 1,585 (157) -9.9%
Current loan assets 4,904 4,107 797 19.4%
Short-term bank borrowings (711) (579) (132) -22.8%
Commercial paper (4,854) (2,284) (2,570) -
Current portion of long-term bank borrowings (1,369) (1,121) (248) -22.1%
Bonds issued (current portion) (1,412) (1,906) 494 25.9%
Other borrowings (current portion) (387) (382) (5) -1.3%
Other short-term borrowings(1) (785) (1,101) 316 28.7%
Total current financial debt (9,518) (7,373) (2,145) -29.1%
Net current financial position 1,359 5,814 (4,455) -76.6%
Bank borrowings (8,663) (8,407) (256) -3.0%
Bonds (38,357) (43,294) 4,937 11.4%
Other borrowings (2,499) (2,473) (26) -1.1%
Non-current financial debt (49,519) (54,174) 4,655 8.6%
NET FINANCIAL DEBT as per CONSOB Communication (48,160) (48,360) 200 0.4%
Non-current financial assets and securities 2,745 3,185 (440) -13.8%
NET FINANCIAL DEBT (45,415) (45,175) (240) -0.5%

(1) Includes current borrowings included under other current financial liabilities.