Consolidated financial statementsConsolidated balance sheet

Consolidated balance sheet

December 31

millions of CHF	Notes	2023	2022
Non-current assets
Goodwill	14	637.9	676.9
Other intangible assets	14	196.8	234.3
Property, plant and equipment	15	348.2	360.5
Lease assets	16	93.2	90.1
Associates and joint ventures	17	54.7	41.8
Other non-current financial assets	18	38.4	28.5
Defined benefit assets	9	170.5	1.3
Non-current receivables		1.2	1.0
Deferred income tax assets	13	144.9	149.9
Total non-current assets		1’685.9	1’584.2

Current assets
Inventories	19	495.1	522.4
Current income tax receivables		30.4	28.3
Advance payments to suppliers		86.8	64.4
Contract assets	20	430.1	466.1
Trade accounts receivable	21	540.8	585.5
Other current receivables and prepaid expenses	22	123.4	128.7
Current financial assets	18	2.3	14.0
Cash and cash equivalents	23	974.7	1’196.3
Total current assets without disposal group		2’683.5	3’005.6
Assets of disposal group held for sale		–	30.4
Total current assets		2’683.5	3’036.0
Total assets		4’369.5	4’620.2

Equity
Share capital	24	0.3	0.3
Reserves		1’095.0	1’023.9
Equity attributable to shareholders of Sulzer Ltd		1’095.4	1’024.3
Non-controlling interests		3.2	4.4
Total equity		1’098.6	1’028.6

Non-current liabilities
Non-current borrowings	26	795.2	1’043.9
Non-current lease liabilities	16	69.0	67.2
Deferred income tax liabilities	13	83.2	53.0
Non-current income tax liabilities	13	2.7	2.7
Defined benefit obligations	9	127.3	122.2
Non-current provisions	27	46.7	58.2
Other non-current liabilities		1.2	1.3
Total non-current liabilities		1’125.3	1’348.6

Current liabilities
Current borrowings	26	261.1	311.4
Current lease liabilities	16	23.9	22.4
Current income tax liabilities	13	44.1	30.0
Current provisions	27	145.3	155.9
Contract liabilities	20	451.0	382.3
Trade accounts payable		367.7	440.8
Other current and accrued liabilities	28	852.4	874.7
Total current liabilities without disposal group		2’145.6	2’217.5
Liabilities of disposal group held for sale		–	25.4
Total current liabilities		2’145.6	2’242.9
Total liabilities		3’270.8	3’591.5

Total equity and liabilities		4’369.5	4’620.2

Consolidated statement of comprehensive income

Consolidated statement of changes in equity