Consolidated Financial Statements
Assets in m € |
Dec. 31, 2019 | % | Dec. 31, 2018 | % |
Intangible assets | 42 | 0.3 | 27 | 0.2 |
Tangible assets | 3,798 | 26.6 | 3,855 | 28.0 |
Shares at equity | 13 | 0.1 | 13 | 0.1 |
Non-current financial assets | 196 | 1.4 | 211 | 1.5 |
Deferred tax assets | 323 | 2.2 | 327 | 2.4 |
Non-current assets |
4,372 | 30.6 | 4,433 | 32.2 |
Inventories | 4,425 | 31.0 | 4,489 | 32.5 |
Receivables | 2,283 | 16.0 | 2,297 | 16.7 |
Income tax receivables | 103 | 0.7 | 80 | 0.6 |
Current financial assets | 1,377 | 9.6 | 1,247 | 9.0 |
Liquid funds | 1,728 | 12.1 | 1,239 | 9.0 |
Current assets |
9,916 | 69.4 | 9,352 | 67.8 |
Total Assets |
14,288 | 100.0 | 13,785 | 100.0 |
Equity and Liabilities in m € |
Dec. 31, 2019 |
% |
Dec. 31, 2018 |
% |
Subscribed capital | 62 | 0.4 | 62 | 0.4 |
Revenue reserves | 7,807 | 54.6 | 7,491 | 54.4 |
Equity of Liebherr-International AG shareholders |
7,869 | 55.0 | 7,553 | 54.8 |
Non-controlling interests | 15 | 0.1 | 17 | 0.1 |
Equity |
7,884 | 55.1 | 7,570 | 54.9 |
Non-current financial liabilities | 1,364 | 9.6 | 1,616 | 11.7 |
Post-employment benefits | 966 | 6.8 | 789 | 5.7 |
Deferred tax liabilities | 45 | 0.3 | 48 | 0.3 |
Non-current provisions | 40 | 0.3 | 25 | 0.2 |
Other non-current liabilities | 76 | 0.5 | 120 | 0.9 |
Non-current liabilities |
2,491 | 17.5 | 2,598 | 18.8 |
Current financial liabilities | 1,162 | 8.1 | 909 | 6.6 |
Payments received in advance | 346 | 2.4 | 358 | 2.6 |
Income tax liabilities | 103 | 0.7 | 121 | 0.9 |
Current provisions | 608 | 4.3 | 593 | 4.3 |
Other current liabilities | 1,694 | 11.9 | 1,636 | 11.9 |
Current liabilities |
3,913 | 27.4 | 3,617 | 26.3 |
Total equity and liabilities |
14,288 | 100.0 | 13,785 | 100.0 |
in m € | Dec. 31, 2019 | % | Dec. 31, 2018 | % |
Sales revenue | 11,750 | 95.3 | 10,551 | 92.0 |
Increase or decrease of work in progress and finished goods | 7 | 0.1 | 342 | 3.0 |
Other own work capitalised | 312 | 2.5 | 360 | 3.1 |
Other operating income | 257 | 2.1 | 213 | 1.9 |
Operating income | 12,326 | 100.0 | 11,466 | 100.0 |
Cost of materials | - 6,299 | - 51.1 | - 5,724 | - 49.9 |
Personnel expenses | - 2,980 | - 24.2 | - 2,790 | - 24.3 |
Depreciation on non-current assets | - 541 | - 4.4 | - 513 | - 4.5 |
Other operating expenses | - 1,903 | - 15,4 | - 1,807 | - 15.8 |
Operating expenses | - 11.723 | - 95.1 | - 10,834 | - 94.5 |
Operating result | 603 | 4.9 | 632 | 5.5 |
Finance income | 603 | 4.9 | 585 | 5.1 |
Finance cost | - 458 | - 3.7 | - 704 | - 6.1 |
At equity result | 0 | 0.0 | 1 | 0.0 |
Finance result | 145 | 1.2 | - 118 | - 1.0 |
Result before tax | 748 | 6.1 | 514 | 4.5 |
Taxes on income | - 319 | - 2.6 | - 193 | - 1.7 |
Result after tax | 429 | 3.5 | 321 | 2.8 |
of which shareholders of Liebherr-International AG | 429 | 3.5 | 320 | 2.8 |
of which non-controlling interests | 0 | 0.0 | 1 | 0.0 |
in m € | Dec. 31, 2019 | Dec. 31, 2018 |
Result after tax | 429 | 321 |
Post-employment benefits | - 148 | - 7 |
Deferred tax | 31 | 1 |
Items not recycled to profit or loss | - 117 | - 6 |
Foreign exchange translation differences | 40 | - 55 |
Changes of fair value in cash flow hedges | - 21 | - 52 |
Deferred tax | 7 | 16 |
Items recycled to profit or loss | 26 | - 91 |
Other comprehensive income | - 91 | - 97 |
Comprehensive income | 338 | 224 |
of which shareholders of Liebherr-International AG | 338 | 223 |
of which non-controlling interests | 0 | 1 |
in m € |
Subscribed capital |
Value fluctuations on financial instruments | Foreign exchange translation differences | Other revenue reserve | Equity of Liebherr-International AG shareholders | Non-controlling interests | Group equity |
Dec. 31, 2017R* | 62 | 42 | 55 | 7,194 | 7,353 | 16 | 7,369 |
Result after tax | 320 | 320 | 1 | 321 | |||
Other comprehensive income | - 36 | - 55 | - 6 | - 97 | 0 | - 97 | |
Comprehensive income | - 36 | - 55 | 314 | 223 | 1 | 224 | |
Dividends | - 21 | - 21 | 0 | - 21 | |||
Changes in shares of non-controlling interests | - 2 | - 2 | 0 | - 2 | |||
Dec. 31, 2018 | 62 | 6 | 0 | 7,485 | 7,553 | 17 | 7,570 |
Result after tax | 429 | 429 | 0 | 429 | |||
Other comprehensive income | - 14 | 40 | - 117 | - 91 | 0 | - 91 | |
Comprehensive income | -14 | 40 | 312 | 338 | 0 | 338 | |
Dividends | - 22 | - 22 | - 2 | - 24 | |||
Changes in shares of non-controlling interests | 0 | 0 | 0 | 0 | |||
Dec. 31, 2019 | 62 | - 8 | 40 | 7,775 | 7,869 | 15 | 7,884 |
* Restatement first time adoption of IFRS 9 / 15 / 16. |
in m € | Dec. 31, 2019 | Dec. 31, 2018 |
Result after tax | 429 | 321 |
Depreciation on non-current assets | 541 | 513 |
Value fluctuations marketable securities (current assets) | - 121 | 74 |
Gain / Loss on disposal of non-current assets | 1 | 3 |
Change of provisions and post-employment benefits | 55 | 142 |
Other non-liquid expenses / income | - 16 | - 100 |
Change of stock | 110 | - 869 |
Change of receivables and other current assets | 24 | - 147 |
Change of other liabilities | - 31 | 271 |
Change of rental fleet |
- 19 | - 176 |
Net cash flow from operating activities |
973 | 32 |
Payment for investments in intangible assets | - 33 | - 12 |
Payment for investments in tangible assets | - 402 | - 463 |
Payment for investments in marketable securities in current assets | - 103 | - 177 |
Proceeds from sales of intangible assets | 1 | 0 |
Proceeds from sales of tangible assets | 23 | 13 |
Proceeds from sales of financial assets | 0 | 1 |
Proceeds from sales of marketable securities (current assets) |
90 | 80 |
Net cash flow from investing activities |
- 424 | - 558 |
Dividends paid, other distributions and equity capital repaid | - 24 | - 22 |
Proceeds from current or non-current financial liabilities | 400 | 848 |
Repayment of current or non-current financial liabilities | - 442 | - 857 |
Change non-controlling interests |
0 | - 2 |
Net cash flow from financing activities |
- 66 | - 33 |
Net decrease / increase in liquid funds |
483 | - 559 |
Foreign exchange translation difference on liquid funds at beginning of period and on cash flows | 6 | 2 |
Liquid funds at beginning of period |
1,239 | 1,796 |
Liquid funds at end of period |
1,728 | 1,239 |
Income tax paid and reimbursed | - 322 | - 258 |
Interest paid | 38 | 43 |
Interest received | 56 | 54 |
Download
Here you can access the Annual Report 2019 as a PDF file and also download “Facts and Figures” as a concise summary.
Annual Report 2019
Annual Report 2019 (PDF, 8.5 MB)
Facts and Figures 2019
Facts and Figures 2019 (PDF, 15.6 MB)