Consolidated balance sheet

December 31

millions of CHF	Notes	2019	2018
Non-current assets
Goodwill	14	920.8	923.4
Other intangible assets	14	430.1	439.4
Property, plant and equipment	15	544.4	527.0
Lease assets	16, 34	112.6	–
Associates	17	10.7	13.4
Other non-current financial assets	18	12.6	9.4
Non-current receivables		6.3	6.2
Deferred income tax assets	13	134.4	138.9
Total non-current assets		2’172.0	2’057.7

Current assets
Inventories	19	574.9	658.9
Current income tax receivables		22.8	29.0
Advance payments to suppliers		73.6	79.9
Contract assets	20	355.2	205.1
Trade accounts receivable	21	645.9	622.3
Other current receivables and prepaid expenses	22	172.0	150.2
Current financial assets	18	57.5	–
Cash and cash equivalents	23	1’035.5	1’095.2
Total current assets		2’937.5	2’840.6

Total assets		5’109.5	4’898.3

Equity
Share capital	24	0.3	0.3
Reserves		1’580.4	1’629.5
Equity attributable to shareholders of Sulzer Ltd		1’580.7	1’629.9
Non-controlling interests		13.1	11.2
Total equity		1’593.9	1’641.0

Non-current liabilities
Non-current borrowings	26	1’199.2	1’316.3
Non-current lease liabilities	16, 34	82.3	–
Deferred income tax liabilities	13	79.4	89.5
Non-current income tax liabilities	13	2.6	2.3
Defined benefit obligations	9	201.0	160.9
Non-current provisions	27	73.4	74.4
Other non-current liabilities		6.2	3.6
Total non-current liabilities		1’644.1	1’646.8

Current liabilities
Current borrowings	26	131.0	18.0
Current lease liabilities	16, 34	27.4	–
Current income tax liabilities	13	33.3	32.0
Current provisions	27	135.3	139.6
Contract liabilities	20	344.8	256.4
Trade accounts payable		522.4	521.8
Other current and accrued liabilities	28	677.3	642.6
Total current liabilities		1’871.5	1’610.4
Total liabilities		3’515.6	3’257.3

Total equity and liabilities		5’109.5	4’898.3