Net assets
Non-current assets declined to €8,680.5 million (31 December 2016: €9,004.6 million). Intangible assets accounted for €5,860.3 million (31 December 2016: €6,236.7 million). Within that amount, goodwill and the KION Group’s brand names fell to €4,385.5 million due to exchange-rate effects (31 December 2016: €4,578.1 million).
Rental assets stood at €599.8 million (31 December 2016: €575.3 million). Leased assets for leases with end customers that are classified as operating leases increased to €471.3 million (31 December 2016: €429.7 million). Long-term lease receivables arising from leases with end customers that are classified as finance leases were slightly higher than at the end of last year at €548.4 million (31 December 2016: €531.3 million).
Current assets rose to a total of €2,469.7 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 higher at 30 June 2017, increasing to €592.4 million (31 December 2016: €495.9 million).
Cash and cash equivalents decreased to €157.0 million as at 30 June 2017 (31 December 2016: €279.6 million). > TABLE 11
(Condensed) statement of financial position |
11 |
||||
in € million |
30/06/2017 |
in % |
31/12/2016 |
in % |
Change |
Non-current assets |
8,680.5 |
77.9% |
9,004.6 |
79.3% |
–3.6% |
Current assets |
2,469.7 |
22.1% |
2,354.6 |
20.7% |
4.9% |
Total assets |
11,150.2 |
– |
11,359.2 |
– |
–1.8% |
Equity |
2,979.2 |
26.7% |
2,535.1 |
22.3% |
17.5% |
Non-current liabilities |
5,447.4 |
48.9% |
6,151.7 |
54.2% |
–11.4% |
Current liabilities |
2,723.6 |
24.4% |
2,672.5 |
23.5% |
1.9% |
Total equity and liabilities |
11,150.2 |
– |
11,359.2 |
– |
–1.8% |