Consolidated Financial Statements

Consolidated Balance Sheet

Assets in m € Dec. 31, 2017 % Dec. 31, 2016 %
         
Intangible assets 27 0.2 34 0.3
Tangible assets 3,622 27.8 3,654 28.8
Shares joint ventures and associated companies 12 0.1 14 0.1
Non-current financial assets 192 1.5 125 1.0
Deferred tax assets 215 1.7 262 2.1
Non-current assets 4,068 31.3 4,089 32.3
         
Inventories 3,634 27.9 3,530 27.9
Receivables 2,202 16.9 1,958 15.5
Income tax receivables 94 0.7 91 0.7
Current financial assets 1,223 9.4 1,267 10.0
Liquid funds 1,796 13.8 1,726 13.6
Current assets 8,949 68.7 8,572 67.7
         
Total Assets 13,017 100.0 12,661 100.0
         
Equity and Liabilities in m €        
         
Subscribed capital 62 0.5 62 0.5
Revenue reserves 7,318 56.2 6,973 55.1
Equity of Liebherr-International AG shareholders 7,380 56.7 7,035 55.6
         
Non-controlling interests 16 0.1 16 0.1
Equity 7,396 56.8 7,051 55.7
         
Non-current financial liabilities 1,230 9.5 1,800 14.2
Post-employment benefits 710 5.5 713 5.6
Deferred tax liabilities 67 0.5 48 0.4
Non-current provisions 32 0.2 38 0.3
Other non-current liabilities 133 1.0 142 1.1
Non-current liabilities 2,172 16.7 2,741 21.6
         
Current financial liabilities 1,169 9.0 680 5.4
Payments received in advance 324 2.5 270 2.1
Income tax liabilities 85 0.7 61 0.5
Current provisions 524 4.0 533 4.2
Other current liabilities 1,347 10.3 1,325 10.5
Current liabilities 3,449 26.5 2,869 22.7
         
Total equity and liabilities 13,017 100.0 12,661 100.0
Consolidated Balance Sheet

Consolidated Income Statement

in m € Dec. 31, 2017 % Dec. 31, 2016 %
         
Sales revenue 9,845 94.2 9,009 93.1
Increase or decrease of work in progress and finished goods 35 0.3 62 0.6
Other own work capitalised 329 3.2 418 4.3
Other operating income 237 2.3 197 2.0
Operating income 10,446 100.0 9,686 100.0
         
Cost of materials - 5,184 - 49.6 - 4,914 - 50.7
Personnel expenses - 2,538 - 24.3 - 2,413 - 24.9
Depreciation on non-current assets - 485 - 4.6 - 466 - 4.8
Other operating expenses - 1,630 - 15.6 - 1,484 - 15.3
Operating expenses - 9,837 - 94.1 - 9,277 - 95.7
Operating result 609 5.9 409 4.3
         
Finance income 537 5.1 548 5.6
Finance cost - 571 - 5.5 - 485 - 5.0
At equity result 1 0.0 1 0.0
Finance result - 33 - 0.4 64 0.6
Result before tax 576 5.5 473 4.9
         
Taxes on income - 245 - 2.3 - 175 - 1.8
Result after tax 331 3.2 298 3.1
of which shareholders of Liebherr-International AG 330 3.2 297 3.1
of which non-controlling interests 1 0.0 1 0.0
Consolidated Income Statement

Consolidated Statement of Comprehensive Income

in m € Dec. 31, 2017 Dec. 31, 2016
     
Result after tax 331 298
Post-employment benefits 10 - 59
Deferred tax - 4 15
Items not recycled to profit or loss 6 - 44
Foreign exchange translation differences - 59 59
Changes of fair value in cash flow hedges 133 6
Deferred tax - 42 - 5
Items recycled to profit or loss 32 60
Other comprehensive income 38 16
Comprehensive income 369 314
of which shareholders of Liebherr-International AG 368 312
of which non-controlling interests 1 2
Consolidated Statement of Comprehensive Income

Consolidated Statement of Changes in Equity

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, 2015 62 - 50 56 6,678 6,746 15 6,761
Result after tax       297 297 1 298
Other comprehensive income   1 58 - 44 15 1 16
Comprehensive income   1 58 253 312 2 314
Dividends       - 23 - 23 - 1 - 24
Dec. 31, 2016 62 - 49 114 6,908 7,035 16 7,051
Result after tax       330 330 1 331
Other comprehensive income   91 - 59 6 38 0 38
Comprehensive income   91 - 59 336 368 1 369
Dividends       - 23 - 23 - 1 - 24
Dec. 31, 2017 62 42 55 7,221 7,380 16 7,396
Consolidated Statement of Changes in Equity

Consolidated Cash Flow Statement

in m € Dec. 31, 2017 Dec. 31, 2016
     
Result after tax 331 298
Depreciation on non-current assets 485 466
Value fluctuations marketable securities (current assets) - 38 - 18
Gain / Loss on disposal of non-current assets - 1
17
Change of provisions and post-employment benefits 2 70
Other non-liquid expenses / income 301 - 114
Change of stock - 209 - 23
Change of receivables and other current assets - 384
- 60
Change of other liabilities 135 - 75
Change of rental fleet - 128 - 161
     
Net cash flow from operating activities 494 400
     
Payment for investments in intangible assets - 9 - 14
Payment for investments in tangible assets - 419 - 395
Payment for investments in marketable securities in current assets - 56 - 80
Proceeds from sales of intangible assets 0 3
Proceeds from sales of tangible assets 13 12
Proceeds from sales of financial assets 2 0
Proceeds from sales of marketable securities (current assets) 133 70
     
Net cash flow from investing activities - 336 - 404
     
Dividends paid, other distributions and equity capital repaid - 24
- 24
Proceeds from current or non-current financial liabilities 397 757
Repayment of current or non-current financial liabilities - 434 - 667
     
Net cash flow from financing activities - 61 66
     
Net decrease / increase in liquid funds 97 62
     
Foreign exchange translation difference on liquid funds at beginning of period and on cash flows - 27
0
Liquid funds at beginning of period 1,726 1,664
     
Liquid funds at end of period 1,796 1,726
     
Income tax paid and reimbursed - 206 - 197
Interest paid / Interest received 5 - 3
Investment in leased assets 0 1
Consolidated Cash Flow Statement

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Here you can access the Annual Report 2017 as a PDF file and also download “Facts and Figures” as a concise summary.

Facts and Figures 2017
Facts and Figures 2017 (PDF, 14.8 MB)