|
Condensed balance sheet, assets | |||||
|
€ million |
30/06/2012 |
in (%) |
31/12/2011 |
in (%) |
Δ in % |
|
|
|
|
|
|
|
|
Non-current assets |
4,187 |
69.4% |
4,160 |
68.6% |
0.6% |
|
thereof: |
|
|
|
|
|
|
Goodwill |
1,551 |
25.7% |
1,538 |
25.4% |
0.8% |
|
Brand names |
594 |
9.8% |
594 |
9.8% |
0.0% |
|
Deferred tax assets |
248 |
4.1% |
262 |
4.3% |
-5.4% |
|
Leased assets |
559 |
9.3% |
540 |
8.9% |
3.5% |
|
Lease receivables |
250 |
4.1% |
243 |
4.0% |
2.9% |
|
|
|
|
|
|
|
|
Current assets |
1,850 |
30.6% |
1,906 |
31.4% |
-2.9% |
|
thereof: |
|
|
|
|
|
|
Inventories |
710 |
11.8% |
625 |
10.3% |
13.5% |
|
Trade receivables |
681 |
11.3% |
677 |
11.2% |
0.7% |
|
Lease receivables |
123 |
2.0% |
118 |
2.0% |
3.6% |
|
Cash |
182 |
3.0% |
373 |
6.2% |
-51.3% |
|
Total assets |
6,038 |
|
6,066 |
|
-0.5% |
|
Condensed balance sheet, equity and liabilities | |||||
|
€ million |
30/06/2012 |
in (%) |
31/12/2011 |
in (%) |
Δ in % |
|
|
|
|
|
|
|
|
Equity |
-532 |
-8.8% |
-488 |
-8.0% |
-9.2% |
|
Non-current liabilities |
4,983 |
82.5% |
4,842 |
79.8% |
2.9% |
|
thereof: |
|
|
|
|
|
|
Shareholder loan |
657 |
10.9% |
643 |
10.6% |
2.2% |
|
Corporate bond |
489 |
8.1% |
488 |
8.0% |
0.2% |
|
Financial liabilities |
2,302 |
38.1% |
2,290 |
37.7% |
0.5% |
|
Deferred tax liabilities |
303 |
5.0% |
339 |
5.6% |
-10.7% |
|
Lease liabilities |
496 |
8.2% |
471 |
7.8% |
5.2% |
|
|
|
|
|
|
|
|
Current liabilities |
1,587 |
26.3% |
1,711 |
28.2% |
-7.3% |
|
thereof: |
|
|
|
|
|
|
Financial liabilities |
103 |
1.7% |
227 |
3.7% |
-54.8% |
|
Trade payables |
637 |
10.6% |
634 |
10.5% |
0.5% |
|
Lease liabilities |
230 |
3.8% |
230 |
3.8% |
-0.2% |
|
Total equity and liabilities |
6,038 |
|
6,066 |
|
-0.5% |
Total Assets
Total assets decreased by €29 million from €6,066 million as of 31 December 2011 to €6,038 million as of 30 June 2012. Non-current assets increased by €27 million to €4,187 million primarily as a result of an increase of €19 million in leased assets and a €7 million increase in lease receivables. Current assets decreased by €56 million from €1,906 million to €1,850 million as of 30 June 2012. Driven by the higher sales volumes, trade receivables increased by €4 million to €681 million and inventories increased by €85 million to €710 million as of 30 June 2012. Lease receivables increased by €4 million to €123 million and cash and cash equivalents decreased by €192 million to €182 million as of 30 June 2012 due to the repayment of €138 million of the Revolving Credit Facility and a repayment of €28 million of the Capex Facility in Q2/2012.