Net assets
Non-current assets declined slightly, falling to €8,938.9 million (31 December 2016: €9,004.6 million). Intangible assets accounted for €6,152.3 million (31 December 2016: €6,236.7 million). Within that amount, goodwill and the KION Group’s brand names totalled €4,551.9 million (31 December 2016: €4,578.1 million).
Rental assets stood at €582.9 million (31 December 2016: €575.3 million). Leased assets for leases with end customers that are classified as operating leases increased to €443.9 million (31 December 2016: €429.7 million). Long-term lease receivables arising from leases with end customers that are classified as finance leases were virtually unchanged on the end of last year at €537.7 million (31 December 2016: €531.3 million).
Current assets rose to a total of €2,614.4 million (31 December 2016: €2,354.6 million), primarily as a result of higher inventories in the Industrial Trucks & Services segment. The KION Group’s net working capital, which, following the integration of Dematic, now comprises inventories and trade receivables less trade payables and advances received as well as unbilled construction contracts (net), was slightly lower at 31 March 2017, falling to €489.4 million (31 December 2016: €495.9 million).
Cash and cash equivalents went up to €336.8 million as at 31 March 2017 (31 December 2016: €279.6 million). > TABLE 10
(Condensed) statement of financial position |
10 |
||||
in € million |
31/03/2017 |
in % |
31/12/2016 |
in % |
Change |
Non-current assets |
8,938.9 |
77.4% |
9,004.6 |
79.3% |
–0.7% |
Current assets |
2,614.4 |
22.6% |
2,354.6 |
20.7% |
11.0% |
Total assets |
11,553.2 |
– |
11,359.2 |
– |
1.7% |
Equity |
2,560.0 |
22.2% |
2,535.1 |
22.3% |
1.0% |
Non-current liabilities |
6,119.1 |
53.0% |
6,151.7 |
54.2% |
–0.5% |
Current liabilities |
2,874.2 |
24.9% |
2,672.5 |
23.5% |
7.5% |
Total equity and liabilities |
11,553.2 |
– |
11,359.2 |
– |
1.7% |