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% |