Consolidated balance sheet

December 31

millions of CHF	Notes	2018	2017
Non-current assets
Goodwill	14	923.4	865.7
Other intangible assets	14	439.4	420.8
Property, plant and equipment	15	527.0	531.6
Associates	16	13.4	10.3
Other financial assets	17	9.4	13.6
Non-current receivables		6.2	8.8
Deferred income tax assets	13	138.9	139.7
Total non-current assets		2’057.7	1’990.5

Current assets
Inventories	18	658.9	488.0
Current income tax receivables		29.0	27.2
Advance payments to suppliers		79.9	84.7
Contract assets	19	205.1	–
Trade accounts receivable	20	622.3	901.8
Other current receivables and prepaid expenses	21	150.2	136.3
Cash and cash equivalents	22	1’095.2	488.8
Total current assets		2’840.6	2’126.8

Total assets		4’898.3	4’117.3

Equity
Share capital	23	0.3	0.3
Reserves		1’629.5	1’679.8
Equity attributable to shareholders of Sulzer Ltd		1’629.9	1’680.1
Non-controlling interests		11.2	22.3
Total equity		1’641.0	1’702.4

Non-current liabilities
Non-current borrowings	25	1’316.3	458.7
Deferred income tax liabilities	13	89.5	104.8
Non-current income tax liabilities	13	2.3	2.3
Defined benefit obligations	9	160.9	239.1
Non-current provisions	26	74.4	77.6
Other non-current liabilities		3.6	17.6
Total non-current liabilities		1’646.8	900.1

Current liabilities
Current borrowings	25	18.0	255.1
Current income tax liabilities	13	32.0	24.8
Current provisions	26	139.6	158.5
Contract liabilities	19	256.4	–
Trade accounts payable		521.8	433.8
Advance payments from customers		–	210.1
Other current and accrued liabilities	27	642.6	432.5
Total current liabilities		1’610.4	1’514.8
Total liabilities		3’257.3	2’414.9

Total equity and liabilities		4’898.3	4’117.3