Consolidated financial statementsConsolidated balance sheet

Consolidated balance sheet

December 31

millions of CHF	Notes	December 31, 2024	December 31, 2023
Non-current assets
Goodwill	13	661.4	637.9
Other intangible assets	13	178.5	196.8
Property, plant and equipment	14	387.8	348.2
Lease assets	15	105.2	93.2
Associates and joint ventures	16	53.0	54.7
Other non-current financial assets	17	30.2	38.4
Defined benefit assets	8	144.0	170.5
Non-current receivables		1.9	1.2
Deferred income tax assets	12	153.6	144.9
Total non-current assets		1’715.5	1’685.9

Current assets
Inventories	18	515.1	495.1
Current income tax receivables		28.4	30.4
Advance payments to suppliers		94.7	86.8
Contract assets	19	500.1	430.1
Trade accounts receivables	20	680.2	540.8
Other current receivables and prepaid expenses	21	118.8	123.4
Current financial assets	17	1.0	2.3
Cash and cash equivalents	22	1’060.6	974.7
Total current assets		2’998.8	2’683.5
Total assets		4’714.3	4’369.5

Equity
Share capital	23	0.3	0.3
Reserves		1’223.3	1’095.0
Equity attributable to shareholders of Sulzer Ltd		1’223.6	1’095.4
Non-controlling interests		11.5	3.2
Total equity		1’235.1	1’098.6

Non-current liabilities
Non-current borrowings	25	745.0	795.2
Non-current lease liabilities	15	78.3	69.0
Deferred income tax liabilities	12	67.9	83.2
Non-current income tax liabilities	12	8.1	2.7
Defined benefit obligations	8	106.1	127.3
Non-current provisions	26	46.2	46.7
Other non-current liabilities		7.3	1.2
Total non-current liabilities		1’058.9	1’125.3

Current liabilities
Current borrowings	25	312.0	261.1
Current lease liabilities	15	26.6	23.9
Current income tax liabilities		43.1	44.1
Current provisions	26	143.8	145.3
Contract liabilities	19	531.3	451.0
Trade accounts payable		388.2	367.7
Other current and accrued liabilities	27	975.2	852.4
Total current liabilities		2’420.3	2’145.6
Total liabilities		3’479.1	3’270.8

Total equity and liabilities		4’714.3	4’369.5

Consolidated statement of comprehensive income

Consolidated statement of changes in equity