– 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.