Net assets

Compared with 31 December 2012, the KION Group’s current assets had risen sharply, by € 741.9 million, as a result of the capital increases during the IPO. Cash and cash equivalents included the par value of the proceeds of the IPO that had been received as at 30 June 2013, which amounted to € 30.9 million. The share premium arising from the placement of the new shares and the € 710.9 million capital increase from Weichai was reported in Other current assets.

By contrast, there was very little change in non-current assets. The modest rise in long-term leased assets and lease receivables was attributable to the growth in business in the Financial Services segment. >> TABLE 12

Condensed balance sheet, assets*

>>TABLE 12

in € million

30/06/2013

in %

31/12/2012

in %

Change

*

Balance sheet for 2012 was adjusted due to the retrospective application of IAS 19R (2011)

 

 

 

 

 

 

Non-current assets

4,256.9

61.0 %

4,231.0

68.1 %

0.6 %

thereof:

 

 

 

 

 

Goodwill

1,470.8

21.1 %

1,473.2

23.7 %

-0.2 %

Brand names

593.9

8.5 %

593.9

9.6 %

0.0 %

Deferred tax assets

286.9

4.1 %

264.9

4.3 %

8.3 %

Leased assets

206.8

3.0 %

191.3

3.1 %

8.1 %

Rental assets

397.0

5.7 %

395.1

6.4 %

0.5 %

Lease receivables

281.5

4.0 %

267.1

4.3 %

5.4 %

 

 

 

 

 

 

Current assets

2,724.1

39.0 %

1,982.2

31.9 %

37.4 %

thereof:

 

 

 

 

 

Inventories

583.0

8.4 %

549.9

8.9 %

6.0 %

Trade receivables

642.6

9.2 %

625.5

10.1 %

2.7 %

Lease receivables

134.4

1.9 %

132.1

2.1 %

1.7 %

Other current assets

838.2

12.0 %

106.8

1.7 %

>100.0 %

Cash

517.7

7.4 %

562.4

9.1 %

-7.9 %

 

 

 

 

 

 

Total assets

6,981.0

 

6,213.2

 

12.4 %

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