Consolidated balance sheet

Consolidated balance sheet

In € millions

2012

2013

2014

2015

2016

2017

2018

20195

2020

2021

Intangible assets

4,454

3,906

4,142

4,156

4,413

3,409

3,458

3,625

3,554

3,690

Property, plant and equipment

3,739

3,589

3,835

4,003

4,190

1,832

1,748

1,700

1,621

1,800

Right-of-use assets

374

324

304

Other non-current assets

2,628

2,219

2,148

2,125

1,736

1,894

1,965

2,541

2,614

2,736

Total non-current assets

10,821

9,714

10,125

10,284

10,339

7,135

7,171

8,240

8,113

8,530

Inventories

1,545

1,426

1,545

1,504

1,532

1,094

1,139

1,139

1,159

1,650

Receivables

2,789

2,622

2,831

2,810

2,846

2,026

2,215

2,196

2,049

2,488

Short-term investments

5,460

138

250

58

Cash and cash equivalents

1,752

2,098

1,732

1,365

1,479

1,322

2,799

1,271

1,606

1,152

Assets held for sale

921

203

66

4,601

Total current assets

7,007

6,349

6,174

5,679

5,857

9,043

11,613

4,744

5,064

5,348

Shareholders’ equity

5,764

5,594

5,790

6,484

6,553

5,865

11,834

6,350

5,746

5,425

Non-controlling interests

464

427

477

496

481

442

204

218

204

211

Total equity

6,228

6,021

6,267

6,980

7,034

6,307

12,038

6,568

5,950

5,636

Provisions

2,677

1,938

2,143

1,865

1,938

964

899

981

896

812

Long-term borrowings

3,388

2,666

2,527

2,161

2,644

2,300

1,799

2,042

2,771

1,994

Other non-current liabilities

434

389

412

360

367

285

368

391

467

567

Total non-current liabilities

6,499

4,993

5,082

4,386

4,949

3,549

3,066

3,414

4,134

3,373

Short-term borrowings

662

961

811

430

87

973

599

169

119

1,556

Other current liabilities

3,632

3,438

3,634

3,716

3,704

2,912

2,870

2,602

2,742

3,164

Current portion of provisions

455

601

494

451

422

241

211

231

232

149

Liabilities held for sale

352

49

11

2,196

Total current liabilities

5,101

5,049

4,950

4,597

4,213

6,322

3,680

3,002

3,093

4,869

 

 

 

 

 

 

 

 

 

 

 

Average invested capital1

11,817

10,007

9,871

10,475

6,422

6,494

6,340

7,026

6,834

6,829

Capital expenditures2

826

666

588

651

634

613

184

214

258

288

Depreciation1

463

472

477

487

206

202

181

293

297

281

Operating Working Capital3

1,572

1,384

1,418

1,385

1,405

927

898

1,068

878

1,247

Net debt

2,298

1,529

1,606

1,226

1,252

1,951

(5,861)

802

1,034

2,340

 

 

 

 

 

 

 

 

 

 

 

Ratios

 

 

 

 

 

 

 

 

 

 

Equity/non-current assets

0.58

0.62

0.62

0.68

0.68

0.88

1.68

0.80

0.73

0.66

Inventories and receivables/other current liabilities

1.19

1.18

1.20

1.16

1.18

1.07

1.17

1.28

1.17

1.31

Operating working capital as % of revenue4

10.7

9.9

10.1

9.7

10.2

10.2

9.7

11.9

9.9

13.0

1

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

2

Capital expenditures include investments in intangible assets as from 2018.

3

As from 2018 trade payables include certain other payables, which were previously classified as Other working capital. Trade payables, Operating working capital and Other working capital items have been represented for this change of definition for some €240 million.

4

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

5

2019 includes the impact of the adoption of IFRS 16 “Leases”.