Consolidated financial statements

Assets in m €

 31/12/2021 % 31/12/2020 %
Intangible assets 29 0.2 37 0.3
Tangible assets 3,629 24.9 3,567 25.9
Shares at equity 7 0.0 12 0.1
Non-current financial assets 208 1.4 159 1.2
Deferred tax assets 256 1.8 236 1.7
Non-current assets

 4,129 28.3 4,011 29.2
Inventories 4,447 30.6 4,099 29.8
Receivables 2,180 15.0 2,086 15.2
Income tax receivables 82 0.6 77 0.6
Current financial assets 1,565 10.8 1,424 10.4
Liquid funds 2,145 14.7 2,036 14.8
Current assets

 10,419 71.7 9,722 70.8
Total Assets

 14,548 100.0 13,733 100.0
Equity and Liabilities in m €

 31/12/2021 % 31/12/2020 %
Subscribed capital 62 0.4 62 0.5
Revenue reserves 8,290 57.0 7,706 56.1
Equity of Liebherr-International AG shareholders

 8,352 57.4 7,768 56.6
Non-controlling interests 19 0.1 16 0.1
Equity

 8,371 57.5 7,784 56.7
Non-current financial liabilities 1,213 8.3 1,376 10.0
Post-employment benefits 996 6.9 1,013 7.4
Deferred tax liabilities 63 0.4 60 0.4
Non-current provisions 42 0.3 46 0.3
Other non-current liabilities 70 0.5 82 0.6
Non-current liabilities

 2,384 16.4 2,577 18.7
Current financial liabilities 823 5.7 921 6.7
Payments received in advance 427 2.9 283 2.1
Income tax liabilities 111 0.8 112 0.8
Current provisions 656 4.5 643 4.7
Other current liabilities 1,776 12.2 1,413 10.3
Current liabilities

 3,793 26.1 3,372 24.6
Total equity and liabilities

 14,548 100.0 13,733 100.0
Consolidated Balance Sheet
in m € 31/12/2021 % 31/12/2020 %
Sales revenue 11,639 95.4 10,341 95.2
Increase or decrease of work in progress and finished goods -24 -0.2 -155 -1.4
Other own work capitalised 333 2.7 329 3.0
Other operating income 261 2.1 344 3.2
Operating income 12,209 100.0 10,859 100.0
Cost of materials -6,505 53.3 -5,452 -50.2
Personnel expenses -3,072 25.2 -2,847 -26.2
Depreciation on non-current assets -507 -4.2 -543 -5.0
Other operating expenses -1,413 -11.6 -1,601 -14.7
Operating expenses -11,497 -94.3 -10,443 -96.1
Operating result 712 5.7 416 3.9
Finance income 593 4.9 617 5.7
Finance cost -493 -4.0 -755 -7.0
At equity result 0 0.0 0 0.0
Finance result 100 0.9 -138 -1.3
Result before tax 812 6.6 278 2.6
Taxes on income -267 -2.2 -271 -2.5
Result after tax 545 4.4 7 0.1
of which shareholders of Liebherr-International AG 544 4.4 7 0.1
of which non-controlling interests 1 0.0 0 0.0
Consolidated Income Statement
in m € 31/12/2021 31/12/2020
Result after tax 545 7
Post-employment benefits 54 -6
Deferred tax -10 -34
Items not recycled to profit or loss 44 -40
Foreign exchange translation differences 82 -104
Changes of fair value in cash flow hedges -74 74
Deferred tax 13 -13
Items recycled to profit or loss 21 -43
Other comprehensive income 65 -83
Comprehensive income 610 -76
of which shareholders of Liebherr-International AG 607 -76
of which non-controlling interests 3 0
Consolidated Statement of Comprehensive Income
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
31/12/2019 62 - 8 40 7,775 7,869 15 7,884
Result after tax       7 7 0 7
Other comprehensive income   61 -104 -40 -83 0 -83
Comprehensive income 61 -104 -33 -76 0 -76
Dividends       -24 -24 0 -24
Changes in shares of non-controlling interests       -1 -1 1 0
31/12/2020 62 53 -64 7,717 7,768 16 7,784
Result after tax       544 544 1 545
Other comprehensive income   -61 80 44 63 2 65
Comprehensive income   -61 80 588 607 3 610
Dividends       -23 -23 0 -23
Changes in shares of non-controlling interests       0 0 0 0
31/12/2021 62 -8 16 8,282 8,352 19 8,371
Consolidated Statement of Changes in Equity
in m € 31/12/2021 31/12/2020
Result after tax 545 7
Depreciation on non-current assets 507 543
Value fluctuations marketable securities (current assets) -81 7
Gain / Loss on disposal of non-current assets 4 2
Change of provisions and post-employment benefits 41 88
Other non-liquid expenses / income -69 190
Change of stock -278 195
Change of receivables and other current assets -181 227
Change of other liabilities 468 -289
Change of rental fleet

 -118 -122
Net cash flow from operating activities

 838 848
Payment for investments in intangible assets -9 -10
Payment for investments in tangible assets -357 -250
Payment for investments in marketable securities in current assets -236 -112
Proceeds from sales of tangible assets 14 14
Proceeds from sales of marketable securities (current assets) 178 58
Other proceeds from investing activities

 11 15
Net cash flow from investing activities

 -399 -285
Dividends paid, other distributions and equity capital repaid -23 -24
Proceeds from current or non-current financial liabilities 281 438
Repayment of current or non-current financial liabilities -598 -643
Change non-controlling interests

 0 1
Net cash flow from financing activities

 -340 -228
Net decrease / increase in liquid funds

 99 335
Foreign exchange translation difference on liquid funds at beginning of period and on cash flows 10 -27
Liquid funds at beginning of period

 2,036 1,728
Liquid funds at end of period

 2,145 2,036
Income tax paid and reimbursed -288 -184
Interest paid -28 -32
Interest received 38 27
Consolidated Cash Flow Statement

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Here you can access the Annual Report 2021 as a PDF file and also download “Facts and Figures” as a concise summary.

Annual Report 2021
Annual Report 2021 (PDF, 9.6 MB)
Facts and Figures 2021
Facts and Figures 2021 (PDF, 2.4 MB)