Net assets
Non-current assets had increased to €4,905.9 million as at 30 June 2016 (31 December 2015: €4,810.3 million). Intangible assets accounted for €2,484.6 million (31 December 2015: €2,452.5 million). Goodwill and the KION Group’s brand names represented €2,181.7 million of that amount (31 December 2015: €2,152.2 million). This small 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 €570.5 million (31 December 2015: €544.0 million). Leased assets for leases with end customers that are classified as operating leases increased to €377.6 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 €487.3 million (31 December 2015: €472.0 million).
Current assets rose to €1,823.2 million (31 December 2015: €1,629.9 million) owing to higher inventories and receivables. At €187.8 million, short-term lease receivables from end customers were slightly higher than at the end of last year (31 December 2015: €181.7 million).
Cash and cash equivalents totalled €84.3 million at the end of the half-year period (31 December 2015: €103.1 million). Taking into account the unused credit facility, the cash and cash equivalents available to the KION Group at 30 June 2016 amounted to €858.0 million. > TABLE 15
(Condensed) statement of financial position – assets |
15 |
||||
in € million |
30/06/2016 |
in % |
31/12/2015 |
in % |
Change |
Non-current assets |
4,905.9 |
72.9% |
4,810.3 |
74.7% |
2.0% |
thereof: |
|
|
|
|
|
Goodwill |
1,576.9 |
23.4% |
1,548.1 |
24.0% |
1.9% |
Brand names |
604.8 |
9.0% |
604.1 |
9.4% |
0.1% |
Deferred tax assets |
378.8 |
5.6% |
349.0 |
5.4% |
8.5% |
Rental assets |
570.5 |
8.5% |
544.0 |
8.4% |
4.9% |
Leased assets |
377.6 |
5.6% |
334.4 |
5.2% |
12.9% |
Lease receivables |
487.3 |
7.2% |
472.0 |
7.3% |
3.3% |
|
|
|
|
|
|
Current assets |
1,823.2 |
27.1% |
1,629.9 |
25.3% |
11.9% |
thereof: |
|
|
|
|
|
Inventories |
660.0 |
9.8% |
553.5 |
8.6% |
19.2% |
Trade receivables |
721.2 |
10.7% |
670.5 |
10.4% |
7.6% |
Lease receivables |
187.8 |
2.8% |
181.7 |
2.8% |
3.4% |
Other current financial assets |
72.9 |
1.1% |
58.4 |
0.9% |
24.7% |
Cash and cash equivalents |
84.3 |
1.3% |
103.1 |
1.6% |
–18.2% |
|
|
|
|
|
|
Total assets |
6,729.1 |
|
6,440.2 |
|
4.5% |