Consolidated balance sheet

December 31

millions of CHF	Notes	2022	2021
Non-current assets
Goodwill	15	676.9	727.3
Other intangible assets	15	234.3	276.5
Property, plant and equipment	16	360.5	394.0
Lease assets	17	90.1	89.2
Associates	18	41.8	25.5
Other non-current financial assets	19	28.5	18.0
Defined benefit assets	10	1.3	134.3
Non-current receivables		1.0	5.3
Deferred income tax assets	14	149.9	164.2
Total non-current assets		1’584.2	1’834.2

Current assets
Inventories	20	522.4	475.6
Current income tax receivables		28.3	26.7
Advance payments to suppliers		64.4	64.7
Contract assets	21	466.1	409.3
Trade accounts receivable	22	585.5	549.2
Other current receivables and prepaid expenses	23	128.7	118.7
Current financial assets	19	14.0	26.7
Cash and cash equivalents	24	1’196.3	1’505.4
Total current assets without disposal group		3’005.6	3’176.2
Assets of disposal group held for sale	6	30.4	–
Total current assets		3’036.0	3’176.2
Total assets		4’620.2	5’010.4

Equity
Share capital		0.3	0.3
Reserves		1’023.9	1’273.5
Equity attributable to shareholders of Sulzer Ltd		1’024.3	1’273.8
Non-controlling interests		4.4	5.5
Total equity	25	1’028.6	1’279.3

Non-current liabilities
Non-current borrowings	27	1’043.9	1’164.6
Non-current lease liabilities	17	67.2	64.5
Deferred income tax liabilities	14	53.0	84.1
Non-current income tax liabilities	14	2.7	2.2
Defined benefit obligations	10	122.2	180.0
Non-current provisions	28	58.2	68.0
Other non-current liabilities		1.3	5.4
Total non-current liabilities		1’348.6	1’568.8

Current liabilities
Current borrowings	27	311.4	345.5
Current lease liabilities	17	22.4	24.3
Current income tax liabilities	14	30.0	40.2
Current provisions	28	155.9	167.8
Contract liabilities	21	382.3	324.5
Trade accounts payable		440.8	431.8
Other current and accrued liabilities	29	874.7	828.1
Total current liabilities without disposal group		2’217.5	2’162.3
Liabilities of disposal group held for sale	6	25.4	–
Total current liabilities		2’242.9	2’162.3
Total liabilities		3’591.5	3’731.1

Total equity and liabilities		4’620.2	5’010.4

Consolidated statement of comprehensive income

Consolidated statement of changes in equity