– Financial reporting – Consolidated balance sheet
Consolidated balance sheet
|
millions of CHF |
|
Notes |
|
June 30, 2022 |
|
December 31, 2021 |
|
June 30, 2021 1) |
|
Non-current assets |
|
|
|
|
|
|
|
|
|
Goodwill |
|
|
|
702.5 |
|
727.3 |
|
1’022.4 |
|
Other intangible assets |
|
|
|
253.0 |
|
276.5 |
|
461.1 |
|
Property, plant and equipment |
|
|
|
381.8 |
|
394.0 |
|
565.8 |
|
Lease assets |
|
|
|
77.8 |
|
89.2 |
|
131.5 |
|
Associates |
|
|
|
24.2 |
|
25.5 |
|
26.8 |
|
Other non-current financial assets |
|
|
|
15.1 |
|
18.0 |
|
14.7 |
|
Defined benefit assets |
|
2 |
|
– |
|
134.3 |
|
142.4 |
|
Non-current receivables |
|
|
|
4.4 |
|
5.3 |
|
4.6 |
|
Deferred income tax assets |
|
|
|
182.9 |
|
164.2 |
|
166.0 |
|
Total non-current assets |
|
|
|
1’641.8 |
|
1’834.2 |
|
2’535.3 |
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Inventories |
|
|
|
524.4 |
|
475.6 |
|
582.2 |
|
Current income tax receivables |
|
|
|
27.2 |
|
26.7 |
|
28.1 |
|
Advance payments to suppliers |
|
|
|
64.3 |
|
64.7 |
|
76.4 |
|
Contract assets |
|
|
|
446.7 |
|
409.3 |
|
379.3 |
|
Trade accounts receivable |
|
|
|
556.1 |
|
549.2 |
|
575.0 |
|
Other current receivables and prepaid expenses |
|
|
|
142.6 |
|
118.7 |
|
134.6 |
|
Current financial assets |
|
|
|
13.8 |
|
26.7 |
|
2.9 |
|
Cash and cash equivalents |
|
|
|
1’300.6 |
|
1’505.4 |
|
1’292.5 |
|
Total current assets without disposal group |
|
|
|
3’075.7 |
|
3’176.2 |
|
3’070.9 |
|
Assets of disposal group held for sale |
|
7 |
|
42.4 |
|
– |
|
– |
|
Total current assets |
|
|
|
3’118.2 |
|
3’176.2 |
|
3’070.9 |
|
Total assets |
|
|
|
4’760.0 |
|
5’010.4 |
|
5’606.1 |
|
|
|
|
|
|
|
|
|
|
|
Equity |
|
|
|
|
|
|
|
|
|
Share capital |
|
|
|
0.3 |
|
0.3 |
|
0.3 |
|
Reserves |
|
|
|
994.4 |
|
1’273.5 |
|
1’462.5 |
|
Equity attributable to shareholders of Sulzer Ltd |
|
|
|
994.7 |
|
1’273.8 |
|
1’462.8 |
|
Non-controlling interests |
|
|
|
4.1 |
|
5.5 |
|
6.4 |
|
Total equity |
|
11 |
|
998.8 |
|
1’279.3 |
|
1’469.3 |
|
|
|
|
|
|
|
|
|
|
|
Non-current liabilities |
|
|
|
|
|
|
|
|
|
Non-current borrowings |
|
12 |
|
1’164.7 |
|
1’164.6 |
|
1’489.6 |
|
Non-current lease liabilities |
|
|
|
54.6 |
|
64.5 |
|
97.8 |
|
Deferred income tax liabilities |
|
|
|
59.6 |
|
84.1 |
|
127.3 |
|
Non-current income tax liabilities |
|
|
|
2.2 |
|
2.2 |
|
4.6 |
|
Defined benefit obligations |
|
|
|
168.3 |
|
180.0 |
|
233.8 |
|
Non-current provisions |
|
13 |
|
67.3 |
|
68.0 |
|
66.4 |
|
Other non-current liabilities |
|
|
|
1.3 |
|
5.4 |
|
7.0 |
|
Total non-current liabilities |
|
|
|
1’518.0 |
|
1’568.8 |
|
2’026.6 |
|
|
|
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
|
Current borrowings |
|
12 |
|
341.7 |
|
345.5 |
|
231.8 |
|
Current lease liabilities |
|
|
|
22.8 |
|
24.3 |
|
33.0 |
|
Current income tax liabilities |
|
|
|
26.1 |
|
40.2 |
|
11.1 |
|
Current provisions |
|
13 |
|
158.7 |
|
167.8 |
|
184.1 |
|
Contract liabilities |
|
|
|
364.5 |
|
324.5 |
|
346.4 |
|
Trade accounts payable |
|
|
|
453.6 |
|
431.8 |
|
478.2 |
|
Other current and accrued liabilities |
|
14 |
|
833.3 |
|
828.1 |
|
825.7 |
|
Total current liabilities without disposal group |
|
|
|
2’200.7 |
|
2’162.3 |
|
2’110.2 |
|
Liabilities of disposal group held for sale |
|
7 |
|
42.4 |
|
– |
|
– |
|
Total current liabilities |
|
|
|
2’243.2 |
|
2’162.3 |
|
2’110.2 |
|
Total liabilities |
|
|
|
3’761.1 |
|
3’731.1 |
|
4’136.9 |
|
|
|
|
|
|
|
|
|
|
|
Total equity and liabilities |
|
|
|
4’760.0 |
|
5’010.4 |
|
5’606.1 |
Due to rounding, numbers presented may not add up to the totals provided.
1) The balance sheet as of June 30, 2021, includes the Applicator Systems division (later renamed medmix) classified as a discontinued operation. The spin-off was completed on September 20, 2021, (see note 6). Defined benefit assets were re-presented in the balance sheet as of June 30, 2021, defined benefit assets of CHF 142.4 million previously presented in other current receivables and prepaid expenses are presented in defined benefit assets. The balance sheet was also adjusted for measurement period adjustments related to the finalization of the purchase price accounting of acquisitions in 2020 (see note 4).