Net assets

Non-current assets had increased to €4,938.0 million as at 30 September 2016 (31 December 2015: €4,810.3 million). Intangible assets accounted for €2,480.1 million (31 December 2015: €2,452.5 million). Goodwill and the KION Group’s brand names represented €2,183.0 million of that amount (31 December 2015: €2,152.2 million). This increase compared with 31 December 2015 was mainly attributable to the acquisition of Retrotech Inc.

Rental assets in the brand segments’ short-term rental fleet rose to €561.7 million (31 December 2015: €544.0 million). Leased assets for leases with end customers that are classified as operating leases increased to €394.5 million (31 December 2015: €334.4 million). Long-term lease receivables arising from leases with end customers that are classified as finance leases advanced to €509.5 million (31 December 2015: €472.0 million).

Current assets rose to €1,979.2 million (31 December 2015: €1,629.9 million) owing to higher inventories and receivables. At €194.5 million, short-term lease receivables from end customers were also higher than at the end of last year (31 December 2015: €181.7 million).

The cash and cash equivalents available to the KION Group as at 30 September 2016 amounted to €230.2 million (31 December 2015: €103.1 million). The main influencing factor here was the inflow of cash from the capital increase. > TABLE 15

(Condensed) statement of financial position – assets

15

in € million

30/09/2016

in %

31/12/2015

in %

Change

Non-current assets

4,938.0

71.4%

4,810.3

74.7%

2.7%

thereof:

 

 

 

 

 

Goodwill

1,578.6

22.8%

1,548.1

24.0%

2.0%

Brand names

604.5

8.7%

604.1

9.4%

0.1%

Deferred tax assets

383.9

5.6%

349.0

5.4%

10.0%

Rental assets

561.7

8.1%

544.0

8.4%

3.3%

Leased assets

394.5

5.7%

334.4

5.2%

18.0%

Lease receivables

509.5

7.4%

472.0

7.3%

7.9%

 

 

 

 

 

 

Current assets

1,979.2

28.6%

1,629.9

25.3%

21.4%

thereof:

 

 

 

 

 

Inventories

663.7

9.6%

553.5

8.6%

19.9%

Trade receivables

734.7

10.6%

670.5

10.4%

9.6%

Lease receivables

194.5

2.8%

181.7

2.8%

7.0%

Other current financial assets

70.6

1.0%

58.4

0.9%

20.7%

Cash and cash equivalents

230.2

3.3%

103.1

1.6%

>100%

 

 

 

 

 

 

Total assets

6,917.2

 

6,440.2

 

7.4%