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Consolidated balance sheet

millions of CHF

 

Notes

 

June 30, 2021

 

December 31, 2020 1)

 

June 30, 2020

Non-current assets

 

 

 

 

 

 

 

 

Goodwill

 

 

 

1’020.3

 

943.8

 

899.1

Other intangible assets

 

 

 

461.1

 

401.0

 

393.4

Property, plant and equipment

 

 

 

565.8

 

545.3

 

537.4

Lease assets

 

 

 

131.5

 

121.2

 

102.5

Associates

 

 

 

26.8

 

21.2

 

20.4

Other non-current financial assets

 

 

 

14.7

 

10.6

 

10.4

Non-current receivables

 

 

 

4.6

 

4.3

 

5.0

Deferred income tax assets

 

 

 

166.0

 

154.5

 

134.5

Total non-current assets

 

 

 

2’390.7

 

2’202.0

 

2’102.7

 

 

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

 

Inventories

 

 

 

582.2

 

515.1

 

547.5

Current income tax receivables

 

 

 

28.1

 

33.4

 

26.2

Advance payments to suppliers

 

 

 

76.4

 

59.9

 

67.8

Contract assets

 

 

 

379.3

 

324.9

 

350.6

Trade accounts receivable

 

 

 

575.0

 

599.1

 

558.8

Other current receivables and prepaid expenses

 

 

 

277.0

 

202.2

 

144.9

Current financial assets

 

 

 

2.9

 

305.1

 

4.8

Cash and cash equivalents

 

 

 

1’292.5

 

1’123.2

 

957.3

Total current assets

 

 

 

3’213.3

 

3’162.8

 

2’657.9

 

 

 

 

 

 

 

 

 

Total assets

 

 

 

5’603.9

 

5’364.8

 

4’760.6

 

 

 

 

 

 

 

 

 

Equity

 

 

 

 

 

 

 

 

Share capital

 

9

 

0.3

 

0.3

 

0.3

Reserves

 

 

 

1’462.5

 

1’404.0

 

1’340.8

Equity attributable to shareholders of Sulzer Ltd

 

 

 

1’462.8

 

1’404.3

 

1’341.1

Non-controlling interests

 

 

 

6.4

 

12.9

 

11.3

Total equity

 

 

 

1’469.3

 

1’417.2

 

1’352.4

 

 

 

 

 

 

 

 

 

Non-current liabilities

 

 

 

 

 

 

 

 

Non-current borrowings

 

10

 

1’489.6

 

1’491.3

 

1’199.3

Non-current lease liabilities

 

 

 

97.8

 

90.2

 

73.5

Deferred income tax liabilities

 

 

 

127.3

 

88.5

 

60.8

Non-current income tax liabilities

 

 

 

4.6

 

4.8

 

2.3

Defined benefit obligations

 

 

 

233.8

 

227.4

 

187.8

Non-current provisions

 

11

 

66.4

 

65.8

 

68.1

Other non-current liabilities

 

 

 

7.0

 

8.0

 

4.1

Total non-current liabilities

 

 

 

2’026.6

 

1’976.0

 

1’595.9

 

 

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

 

Current borrowings

 

10

 

231.8

 

231.8

 

134.0

Current lease liabilities

 

 

 

33.0

 

29.5

 

29.9

Current income tax liabilities

 

 

 

11.1

 

38.7

 

35.7

Current provisions

 

11

 

184.1

 

183.5

 

167.9

Contract liabilities

 

 

 

346.4

 

300.5

 

312.4

Trade accounts payable

 

 

 

478.2

 

465.8

 

423.3

Other current and accrued liabilities

 

12

 

823.5

 

721.9

 

709.2

Total current liabilities

 

 

 

2’108.0

 

1’971.7

 

1’812.3

Total liabilities

 

 

 

4’134.7

 

3’947.6

 

3’408.2

 

 

 

 

 

 

 

 

 

Total equity and liabilities

 

 

 

5’603.9

 

5’364.8

 

4’760.6

1) The balance sheet as of December 31, 2020, has been restated following the finalization of the valuation of the contingent consideration related to acquisitions in 2020. A reconciliation to the previously published balance sheet is provided in note 4.