31. Total liabilities

(amounts in millions of €, unless otherwise indicated)

Liabilities by geographical area consist of provisions and trade and other payables.

	2008		2007
Liabilities	5,301.9		2,294.8
Less:
- preferred shares	-		165.8
- borrowings	2,472.0		528.3
- deferred income tax liabilities	341.9		287.3
- current income tax liabilities	41.6		57.5
Liabilities by geographical area	2,446.4		1,255.9

Liabilities by geographical area:

	2008		2007
Netherlands	444.6		422.4
France	742.4		133.7
Germany	259.6		244.7
Belgium/Luxembourg	224.5		164.1
Iberia	99.3		64.1
United Kingdom	89.9		29.7
Other European countries	134.7		101.7
North America	150.0		71.1
Rest of the world	77.7		11.0
Corporate	560.2		28.5
Eliminations	-336.5		-15.1
	2,446.4		1,255.9