41. Net financial position and long-term financial receivables and securities - €45,175 million

The following table shows the net financial position and long-term financial receivables and securities on the basis of the items on the consolidated balance sheet.

Millions of euro
Notes at Dec. 31, 2019at Dec. 31, 2018Change
Long-term borrowings4354,17448,983 5,191 10.6%
Short-term borrowings433,9173,616 301 8.3%
Other current financial payables(1)47281967.9%
Current portion of long-term borrowings433,4093,367421.2%

Other non-current financial assets included in net financial debt

26.1(3,185)(3,272)87-2.7%

Other current financial assets included in net financial debt

30.1(4,158)(5,003)845-16.9%
Cash and cash equivalents32(9,029)(6,630)(2,399)36.2%
Total45,17541,0894,0869.9%

(1) Includes current financial payables included under other current financial liabilities

Pursuant to CONSOB instructions of July 28, 2006, the following table reports the net financial position at December 31, 2019, and December 31, 2018, reconciled with net financial debt as provided for in the presentation methods of the Enel Group.

Millions of euro
at Dec. 31, 2019at Dec. 31, 2018Change
Cash and equivalents on hand87328(241)-73.5%
Bank and post office deposits7,9105,5312,37943.0%
Other investments of liquidity1,03277126133.9%
Securities5163(12)-19.0%
Liquidity9,0806,6932,38735.7%
Short-term financial receivables2,5223,418(896)-26.2%
Short-term portion of long-term financial receivables1,5851,522634.1%
Current financial receivables  4,1074,940(833)-16.9%
Short-term bank debt(579)(512)(67)-13.1%
Commercial paper(2,284)(2,393)1094.6%
Short-term portion of long-term bank debt(1,121)(1,830)70938.7%
Bonds issued (short-term portion) (1,906)(1,341)(565)-42.1%
Other borrowings (short-term portion)(382)(196)(186)-94.9%
Other short-term financial payables (1)(1,101)(739)(362)-49.0%
Total short-term financial debt(7,373)(7,011)(362)-5.2%
Net short-term financial position 5,8144,6221,19225.8%
Debt to banks and financing entities(8,407)(8,819)4124.7%
Bonds(43,294)(38,633)(4,661)-12.1%
Other borrowings(2,473)(1,531)(942)-61.5%
Long-term financial position(54,174)(48,983)(5,191)-10.6%
NET FINANCIAL POSITION as per CONSOB Communication   (48,360)(44,361)(3,999)-9.0%
Long-term financial receivables and securities 3,1853,272(87)-2.7%
NET FINANCIAL DEBT(45,175)(41,089)(4,086)-9.9%

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