Consolidated balance sheet

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In € millions

20081

2009

20102

2011

2012

2013

2014

2015

2016

2017

1

Continuing operations from ICI are included as from 2008. The 2008 figures have not been restated for the National Starch divestment.

2

Restated to present Decorative Paints North America as a discontinued operation and for the revised IAS19.

3

Restated to current definition as from 2010.

4

Operating working capital is measured against four times fourth quarter revenue.

5

2016 is represented to present the Specialty Chemicals business as discontinued operations.

Intangible assets

7,172

7,388

6,568

7,392

4,454

3,906

4,142

4,156

4,413

3,409

Property, plant and equipment

3,357

3,474

3,191

3,705

3,739

3,589

3,835

4,003

4,190

1,832

Financial non-current assets

1,848

1,783

2,105

2,664

2,628

2,219

2,148

2,125

1,736

1,894

Total non-current assets

12,377

12,645

11,864

13,761

10,821

9,714

10,125

10,284

10,339

7,135

Inventories

1,781

1,441

1,482

1,924

1,545

1,426

1,545

1,504

1,532

1,094

Receivables

2,977

2,666

2,740

3,035

2,789

2,622

2,831

2,810

2,846

2,026

Cash and cash equivalents

1,595

2,128

3,133

1,635

1,752

2,098

1,732

1,365

1,479

1,322

Assets held for sale

4

–

–

–

921

203

66

–

–

4,601

Total current assets

6,357

6,235

7,355

6,594

7,007

6,349

6,174

5,679

5,857

9,043

Shareholders’ equity

7,463

7,775

8,397

9,031

5,764

5,594

5,790

6,484

6,553

5,865

Non-controlling interests

450

470

525

529

464

427

477

496

481

442

Total equity

7,913

8,245

8,922

9,560

6,228

6,021

6,267

6,980

7,034

6,307

Provisions

2,072

1,919

1,958

2,392

2,677

1,938

2,143

1,865

1,938

964

Long-term borrowings

2,341

3,641

2,727

3,035

3,388

2,666

2,527

2,161

2,644

2,300

Other non-current liabilities

715

674

556

541

434

389

412

360

367

285

Total non-current liabilities

5,128

6,234

5,241

5,968

6,499

4,993

5,082

4,386

4,949

3,549

Short-term borrowings

1,338

384

904

494

662

961

811

430

87

973

Current liabilities

3,510

3,220

3,575

3,782

3,632

3,438

3,634

3,716

3,704

2,912

Current portion of provisions

845

797

577

551

455

601

494

451

422

241

Liabilities held for sale

–

–

–

–

352

49

11

–

–

2,196

Total current liabilities

5,693

4,401

5,056

4,827

5,101

5,049

4,950

4,597

4,213

6,322

 

 

 

 

 

 

 

 

 

 

 

Average Invested capital3,5

9,311

12,578

11,467

11,537

11,817

10,007

9,871

10,475

6,422

6,494

Capital expenditures

534

513

534

658

826

666

588

651

634

613

Depreciation5

453

424

435

419

463

472

477

487

206

202

OWC

2,359

1,691

2,016

1,891

1,572

1,384

1,418

1,385

1,405

927

Net debt

2,084

1,897

500

1,894

2,298

1,529

1,606

1,226

1,252

1,951

 

 

 

 

 

 

 

 

 

 

 

Ratios

 

 

 

 

 

 

 

 

 

 

Equity/non-current assets

0.64

0.65

0.75

0.69

0.58

0.62

0.62

0.68

0.68

0.88

Inventories and receivables/current liabilities

1.36

1.28

1.18

1.31

1.19

1.18

1.20

1.16

1.18

1.07

Operating working capital as % of revenue4

16.5

13.7

13.9

13.2

10.7

9.9

10.1

9.7

10.2

10.2
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