Consolidated Financial Statements

Consolidated Balance Sheet

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
Consolidated Balance Sheet

Consolidated Income Statement

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
Consolidated Income Statement

Consolidated Statement of Comprehensive Income

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
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, 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
Consolidated Statement of Changes in Equity
* Restatement first time adoption of IFRS 9 / 15 / 16.

Consolidated Cash Flow Statement

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
Consolidated Cash Flow Statement

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Here you can access the Annual Report 2019 as a PDF file and also download “Facts and Figures” as a concise summary.

Facts and Figures 2019
Facts and Figures 2019 (PDF, 15.6 MB)