The KION Group’s current assets again decreased considerably between 30 June and 30 September 2013. This was due to receipt of the entire share premium arising from the placement of the new shares, which was subsequently used to repay financial liabilities. At € 1,707.9 million, current assets were also below the level as at 31 December 2012. Cash and cash equivalents are now at roughly the level required for operational activities, while the share premium arising from the placement of the new shares and the capital increase from Weichai (previously reported under Other current assets) was used in its entirety to repay the acquisition financing once the funds had been received on 2 July 2013.
There was very little change in non-current assets. The overall rise of 10.8 per cent in leased assets and in short-term and long-term lease receivables was attributable to the growth in business in the Financial Services segment.
|
Condensed balance sheet, assets* |
>>TABLE 12 | ||||||
|
in € million |
30/09/2013 |
in % |
31/12/2012 |
in % |
Change | ||
| |||||||
|
|
|
|
|
|
| ||
|
Non-current assets |
4,266.0 |
71.4 % |
4,231.0 |
68.1 % |
0.8 % | ||
|
thereof: |
|
|
|
|
| ||
|
Goodwill |
1,474.9 |
24.7 % |
1,473.2 |
23.7 % |
0.1 % | ||
|
Brand names |
594.9 |
10.0 % |
593.9 |
9.6 % |
0.2 % | ||
|
Deferred tax assets |
272.4 |
4.6 % |
264.9 |
4.3 % |
2.8 % | ||
|
Rental assets |
402.4 |
6.7 % |
395.1 |
6.4 % |
1.9 % | ||
|
Leased assets |
211.5 |
3.5 % |
191.3 |
3.1 % |
10.5 % | ||
|
Lease receivables |
300.7 |
5.0 % |
267.1 |
4.3 % |
12.6 % | ||
|
|
|
|
|
|
| ||
|
Current assets |
1,707.9 |
28.6 % |
1,982.2 |
31.9 % |
–13.8 % | ||
|
thereof: |
|
|
|
|
| ||
|
Inventories |
586.5 |
9.8 % |
549.9 |
8.9 % |
6.7 % | ||
|
Trade receivables |
609.8 |
10.2 % |
625.5 |
10.1 % |
–2.5 % | ||
|
Lease receivables |
142.2 |
2.4 % |
132.1 |
2.1 % |
7.7 % | ||
|
Other current assets |
130.4 |
2.2 % |
106.8 |
1.7 % |
22.1 % | ||
|
Cash |
230.6 |
3.9 % |
562.4 |
9.1 % |
–59.0 % | ||
|
|
|
|
|
|
| ||
|
Total assets |
5,973.9 |
|
6,213.2 |
|
–3.9 % | ||