Consolidated balance sheet

December 31

millions of CHF	Notes	2020	2019
Non-current assets
Goodwill	14	957.7	920.8
Other intangible assets	14	401.0	430.1
Property, plant and equipment	15	545.3	544.4
Lease assets	16	121.2	112.6
Associates	17	21.2	10.7
Other non-current financial assets	18	10.6	12.6
Non-current receivables		4.3	6.3
Deferred income tax assets	13	154.5	134.4
Total non-current assets		2’215.9	2’172.0

Current assets
Inventories	19	515.1	574.9
Current income tax receivables		33.4	22.8
Advance payments to suppliers		59.9	73.6
Contract assets	20	324.9	355.2
Trade accounts receivable	21	599.1	645.9
Other current receivables and prepaid expenses	22	202.2	172.0
Current financial assets	18	305.1	57.5
Cash and cash equivalents	23	1’123.2	1’035.5
Total current assets		3’162.8	2’937.5

Total assets		5’378.7	5’109.5

Equity
Share capital	24	0.3	0.3
Reserves		1’404.0	1’580.4
Equity attributable to shareholders of Sulzer Ltd		1’404.3	1’580.7
Non-controlling interests		12.9	13.1
Total equity		1’417.2	1’593.9

Non-current liabilities
Non-current borrowings	26	1’491.3	1’199.2
Non-current lease liabilities	16	90.2	82.3
Deferred income tax liabilities	13	88.5	79.4
Non-current income tax liabilities	13	4.8	2.6
Defined benefit obligations	9	227.4	201.0
Non-current provisions	27	65.8	73.4
Other non-current liabilities		21.9	6.2
Total non-current liabilities		1’989.9	1’644.1

Current liabilities
Current borrowings	26	231.8	131.0
Current lease liabilities	16	29.5	27.4
Current income tax liabilities	13	38.7	33.3
Current provisions	27	183.5	135.3
Contract liabilities	20	300.5	344.8
Trade accounts payable		465.8	522.4
Other current and accrued liabilities	28	721.9	677.3
Total current liabilities		1’971.7	1’871.5
Total liabilities		3’961.6	3’515.6

Total equity and liabilities		5’378.7	5’109.5