|
Condensed balance sheet, assets | |||||
|
€ million |
30/09/2012 |
in (%) |
31/12/2011 |
in (%) |
Δ in % |
|
|
|
|
|
|
|
|
Non-current assets |
4,246 |
69.8% |
4,160 |
68.6% |
2.1% |
|
thereof: |
|
|
|
|
|
|
Goodwill |
1,556 |
25.6% |
1,538 |
25.4% |
1.1% |
|
Brand names |
594 |
9.8% |
594 |
9.8% |
0.0% |
|
Deferred tax assets |
266 |
4.4% |
262 |
4.3% |
1.4% |
|
Leased assets |
582 |
9.6% |
540 |
8.9% |
7.8% |
|
Lease receivables |
254 |
4.2% |
243 |
4.0% |
4.6% |
|
|
|
|
|
|
|
|
Current assets |
1,836 |
30.2% |
1,906 |
31.4% |
-3.7% |
|
thereof: |
|
|
|
|
|
|
Inventories |
714 |
11.7% |
625 |
10.3% |
14.2% |
|
Trade receivables |
679 |
11.2% |
677 |
11.2% |
0.4% |
|
Lease receivables |
122 |
2.0% |
118 |
2.0% |
2.8% |
|
Cash |
159 |
2.6% |
373 |
6.2% |
-57.5% |
|
Total assets |
6,082 |
|
6,066 |
|
0.3% |
|
Condensed balance sheet, equity and liabilities | |||||
|
€ million |
30/09/2012 |
in (%) |
31/12/2011 |
in (%) |
Δ in % |
|
|
|
|
|
|
|
|
Equity |
-571 |
-9.4% |
-488 |
-8.0% |
-17.1% |
|
Non-current liabilities |
5,067 |
83.3% |
4,842 |
79.8% |
4.6% |
|
thereof: |
|
|
|
|
|
|
Shareholder loan |
664 |
10.9% |
643 |
10.6% |
3.3% |
|
Corporate bond |
489 |
8.0% |
488 |
8.0% |
0.3% |
|
Financial liabilities |
2,291 |
37.7% |
2,290 |
37.7% |
0.0% |
|
Deferred tax liabilities |
296 |
4.9% |
339 |
5.6% |
-12.8% |
|
Lease liabilities |
505 |
8.3% |
471 |
7.8% |
7.2% |
|
|
|
|
|
|
|
|
Current liabilities |
1,586 |
26.1% |
1,711 |
28.2% |
-7.3% |
|
thereof: |
|
|
|
|
|
|
Financial liabilities |
88 |
1.5% |
227 |
3.7% |
-61.2% |
|
Trade payables |
601 |
9.9% |
634 |
10.5% |
-5.3% |
|
Lease liabilities |
235 |
3.9% |
230 |
3.8% |
2.1% |
|
Total equity and liabilities |
6,082 |
|
6,066 |
|
0.3% |
Total Assets
Total assets increased by €16 million from €6,066 million as of 31 December 2011 to €6,082 million as of 30 September 2012. Non-current assets increased by €86 million to €4,246 million, primarily as a result of increases in leased assets by €42 million, goodwill by €18 million and lease receivables by €11 million. Current assets decreased by €70 million from €1,906 million on 31 December 2011 to €1,836 million as of 30 September 2012. Driven by the higher sales volume in the first nine months, trade receivables slightly increased by €3 million to €679 million and inventories grew by €89 million to €714 million as of 30 September 2012. Compared to 31 December 2011, lease receivables for current assets increased by €3 million to €122 million and cash and cash equivalents decreased by €215 million to €159 million as of 30 September 2012. This change was primarily due to the repayments of €138 million of the Revolving Credit Facility and of €28 million from the Capex Facility, both in Q2/2012.