Net assets
Non-current assets rose by €42.6 million from their level at 31 December 2017 to €9,893.2 million as at 30 June 2018. Intangible assets accounted for €5,712.7 million (31 December 2017: €5,716.5 million). Goodwill amounted to 3,406.8 million as at 30 June 2018 (31 December 2017: €3,382.5 million). Other property, plant and equipment, which totalled €1,012.4 million (31 December 2017: €994.9 million), included a figure of €368.7 million for right-of-use assets related to procurement leases (31 December 2017: €347.4 million). These mainly comprised right-of-use assets for land and buildings of €261.0 million (31 December 2017: €247.6 million) and right-of-use assets for plant, machinery, and office furniture and equipment of €107.7 million (31 December 2017: €99.8 million).
Leased assets for direct and indirect leases with end customers that are classified as operating leases decreased moderately to €1,208.2 million (31 December 2017: €1,246.3 million). Rental assets increased to €646.2 million (31 December 2017: €608.4 million), reflecting the continued expansion of the rental fleet business. Long-term lease receivables arising from leases with end customers that are classified as finance leases amounted to €684.8 million (31 December 2017: €647.8 million).
Overall, current assets increased to €2,827.5 million (31 December 2017: €2,487.1 million), primarily because of the sharp rise in inventories in the Industrial Trucks & Services segment. The KION Group’s total inventories went up by €208.2 million to €976.8 million (31 December 2017: €768.6 million).
The KION Group’s net working capital, which comprises inventories, trade receivables and contract assets less trade payables and contract liabilities, rose sharply to €821.1 million as at 30 June 2018 (31 December 2017: €619.9 million). Cash and cash equivalents amounted to €180.4 million as at 30 June 2018 (31 December 2017: €173.2 million). > TABLE 11
(Condensed) statement of financial position |
11 |
||||||
in € million |
30/06/2018 |
in % |
31/12/2017* |
in % |
Change |
||
|
|||||||
Non-current assets |
9,893.2 |
77.8% |
9,850.6 |
79.8% |
0.4% |
||
Current assets |
2,827.5 |
22.2% |
2,487.1 |
20.2% |
13.7% |
||
Total assets |
12,720.7 |
– |
12,337.7 |
– |
3.1% |
||
Equity |
3,046.9 |
24.0% |
2,992.3 |
24.3% |
1.8% |
||
Non-current liabilities |
6,166.5 |
48.5% |
6,133.7 |
49.7% |
0.5% |
||
Current liabilities |
3,507.3 |
27.6% |
3,211.7 |
26.0% |
9.2% |
||
Total equity and liabilities |
12,720.7 |
– |
12,337.7 |
– |
3.1% |
||