– Financial reporting – Consolidated balance sheet
Consolidated balance sheet
December 31
|
millions of CHF |
|
Notes |
|
2021 |
|
2020 1) |
|
|
Non-current assets |
|
|
|
|
|
|
|
|
Goodwill |
|
14 |
|
727.3 |
|
946.0 |
|
|
Other intangible assets |
|
14 |
|
276.5 |
|
401.0 |
|
|
Property, plant and equipment |
|
15 |
|
394.0 |
|
545.3 |
|
|
Lease assets |
|
16 |
|
89.2 |
|
121.2 |
|
|
Associates |
|
17 |
|
25.5 |
|
21.2 |
|
|
Other non-current financial assets |
|
18 |
|
18.0 |
|
10.6 |
|
|
Defined benefit assets |
|
9 |
|
134.3 |
|
75.7 |
|
|
Non-current receivables |
|
|
|
5.3 |
|
4.3 |
|
|
Deferred income tax assets |
|
13 |
|
164.2 |
|
154.5 |
|
|
Total non-current assets |
|
|
|
1’834.2 |
|
2’279.9 |
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
Inventories |
|
19 |
|
475.6 |
|
515.1 |
|
|
Current income tax receivables |
|
|
|
26.7 |
|
33.4 |
|
|
Advance payments to suppliers |
|
|
|
64.7 |
|
59.9 |
|
|
Contract assets |
|
20 |
|
409.3 |
|
324.9 |
|
|
Trade accounts receivable |
|
21 |
|
549.2 |
|
599.1 |
|
|
Other current receivables and prepaid expenses |
|
22 |
|
118.7 |
|
126.5 |
|
|
Current financial assets |
|
18 |
|
26.7 |
|
305.1 |
|
|
Cash and cash equivalents |
|
23 |
|
1’505.4 |
|
1’123.2 |
|
|
Total current assets |
|
|
|
3’176.2 |
|
3’087.1 |
|
|
|
|
|
|
|
|
|
|
|
Total assets |
|
|
|
5’010.4 |
|
5’367.0 |
|
|
|
|
|
|
|
|
|
|
|
Equity |
|
|
|
|
|
|
|
|
Share capital |
|
|
|
0.3 |
|
0.3 |
|
|
Reserves |
|
|
|
1’273.5 |
|
1’404.0 |
|
|
Equity attributable to shareholders of Sulzer Ltd |
|
|
|
1’273.8 |
|
1’404.3 |
|
|
Non-controlling interests |
|
|
|
5.5 |
|
12.9 |
|
|
Total equity |
|
24 |
|
1’279.3 |
|
1’417.2 |
|
|
|
|
|
|
|
|
|
|
|
Non-current liabilities |
|
|
|
|
|
|
|
|
Non-current borrowings |
|
26 |
|
1’164.6 |
|
1’491.3 |
|
|
Non-current lease liabilities |
|
16 |
|
64.5 |
|
90.2 |
|
|
Deferred income tax liabilities |
|
13 |
|
84.1 |
|
88.5 |
|
|
Non-current income tax liabilities |
|
13 |
|
2.2 |
|
4.8 |
|
|
Defined benefit obligations |
|
9 |
|
180.0 |
|
227.4 |
|
|
Non-current provisions |
|
27 |
|
68.0 |
|
65.8 |
|
|
Other non-current liabilities |
|
|
|
5.4 |
|
8.0 |
|
|
Total non-current liabilities |
|
|
|
1’568.8 |
|
1’976.0 |
|
|
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
Current borrowings |
|
26 |
|
345.5 |
|
231.8 |
|
|
Current lease liabilities |
|
16 |
|
24.3 |
|
29.5 |
|
|
Current income tax liabilities |
|
13 |
|
40.2 |
|
38.7 |
|
|
Current provisions |
|
27 |
|
167.8 |
|
183.5 |
|
|
Contract liabilities |
|
20 |
|
324.5 |
|
300.5 |
|
|
Trade accounts payable |
|
|
|
431.8 |
|
465.8 |
|
|
Other current and accrued liabilities |
|
28 |
|
828.1 |
|
724.1 |
|
|
Total current liabilities |
|
|
|
2’162.3 |
|
1’973.8 |
|
|
Total liabilities |
|
|
|
3’731.1 |
|
3’949.8 |
|
|
|
|
|
|
|
|
|
|
|
Total equity and liabilities |
|
|
|
5’010.4 |
|
5’367.0 |
|
1) The balance sheet as of December 31, 2020, has been adjusted following the finalization of the purchase price accounting and measurement period adjustments related to acquisitions in 2020. A reconciliation to the previously published balance sheet is provided in note 4. Defined benefit assets are presented as non-current assets and comparative information is re-presented. Further details are available in note 9.