Consolidated Financial Statements

Consolidated Balance Sheet

Assets in m €

Dec. 31, 2018 % Dec. 31, 2017R* % Jan. 1, 2017R* %
Intangible assets 27 0,2 27 0,2 34 0,3
Tangible assets 3.855 28,0 3.741 28,3 3.757 29,2
Shares  joint ventures and associated companies 13 0,1 12 0,1 14 0,1
Non-current financial assets 211 1,5 192 1,5 125 1,0
Deferred tax assets 327 2,4 218 1,7 267 2,1
Non-current assets

4.433 32,2 4.190 31,8 4.197 32,7
Inventories 4.489 32,5 3.655 27,7 3.553 27,7
Receivables 2.297 16,7 2.244 17,0 1.998 15,6
Income tax receivables 80 0,6 94 0,7 91 0,7
Current financial assets 1.247 9,0 1.223 9,2 1.267 9,9
Liquid funds 1.239 9,0 1.796 13,6 1.726 13,4
Current assets

9.352 67,8 9.012 68,2 8.635
67,3
Total Assets

13.785 100,0 13.202 100,0 12.832 100,0


Equity and Liabilities in m €


           
Subscribed capital 62 0,4 62 0,5 62 0,5
Revenue reserves 7.491 54,4 7.291 55,2 6.959 54,2
Equity of Liebherr-International AG shareholders

7.553 54,8 7.353 55,7 7.021 54,7
Non-controlling interests 17 0,1 16 0,1 16 0,1
Equity

7.570 54,9 7.369 55,8 7.037 54,8
Non-current financial liabilities 1.616 11,7 1.352 10,2 1.908 14,9
Post-employment benefits 789 5,7 710 5,4 713 5,6
Deferred tax liabilities 48 0,3 70 0,5 50 0,4
Non-current provisions 25 0,2 33 0,3 38 0,3
Other non-current liabilities 120 0,9 128 1,0 114 0,8
Non-current liabilities

2.598 18,8 2.293 17,4 2.823 22,0
Current financial liabilities 909 6,6 1.181 8,9 687 5,4
Payments received in advance 358 2,6 324 2,5 270 2,1
Income tax liabilities 121 0,9 85 0,6 61 0,5
Current provisions 593 4,3 515 3,9 524 4,1
Other current liabilities 1.636 11,9 1.435 10,9 1.430 11,1
Current liabilities

3.617 26,3 3.540 26,8 2.972 23,2
Total equity and liabilities

13.785 100,0 13.202 100,0 12.832 100,0
Consolidated Balance Sheet
* Restatement first time adoption of IFRS 9 / 15 / 16

Consolidated Income Statement

in m € Dec. 31, 2018 % Dec. 31, 2017 %

Sales revenue 10.551 92,0 9.812 94,2
Increase or decrease of work in progress and finished goods 342 3,0 33 0,3
Other own work capitalised 360 3,1 336 3,2
Other operating income 213 1,9 237 2,3
Operating income 11.466 100,0 10.418 100,0

Cost of materials - 5.724 - 49,9 - 5.156 - 49,5
Personnel expenses - 2.790 - 24,3 - 2.538 - 24,4
Depreciation on non-current assets - 513 - 4,5 - 499 - 4,8
Other operating expenses - 1.807 - 15,8 - 1.621 - 15,6
Operating expenses - 10.834 - 94,5 - 9.814 - 94,3
Operating result 632 5,5 604 5,7

Finance income 585 5,1 537 5,2
Finance cost - 704 - 6,1 - 574 - 5,5
At equity result 1 0.0 1 0,0
Finance result - 118 - 1,0 - 36 - 0,3
Result before tax 514 4,5 568 5,4

Taxes on income - 193 - 1,7 - 249 - 2,4
Result after tax 321 2,8 319 3,0
of which shareholders of Liebherr-International AG 320 2,8 318 3,0
of which non-controlling interests 1 0,0 1 0,0
Consolidated Income Statement
* Restatement first time adoption of IFRS 9 / 15 / 16

Consolidated Statement of Comprehensive Income

in m € Dec. 31, 2018 Dec. 31, 2017

Result after tax 321 319
Post-employment benefits - 7 10
Deferred tax 1 - 4
Items not recycled to profit or loss - 6 6
Foreign exchange translation differences - 55 - 59
Changes of fair value in cash flow hedges - 52 133
Deferred tax 16 - 42
Items recycled to profit or loss - 91 32
Other comprehensive income - 97 38
Comprehensive income 224 357
of which shareholders of Liebherr-International AG 223 356
of which non-controlling interests 1 1
Consolidated Statement of Comprehensive Income
* Restatement first time adoption of IFRS 9 / 15 / 16

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, 2016 62 - 49 114 6.908 7.035 16 7.051
Changes in accounting policy       - 15 - 15   - 15
Jan. 1, 2017R* 62 - 49 114 6.893 7.020 16 7.036
Result after tax       318 318 1 319
Other comprehensive income   91 - 59 6 38 0 38
Comprehensive income   91 - 59 324 356 1 357
Dividends       - 23 - 23 - 1 - 24
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
Consolidated Statement of Changes in Equity
* Restatement first time adoption of IFRS 9 / 15 / 16

Consolidated Cash Flow Statement

in m € Dec. 31, 2018 Dec. 31, 2017R*

Result after tax 321 319
Depreciation on non-current assets 513 499
Value fluctuations marketable securities (current assets) 74 - 38
Gain / Loss on disposal of non-current assets 3 - 1
Change of provisions and post-employment benefits 142 1
Other non-liquid expenses / income - 100 172
Change of stock - 869 - 207
Change of receivables and other current assets - 147 - 253
Change of other liabilities 271 140
Change of rental fleet

- 176 - 142
Net cash flow from operating activities

32 490
Payment for investments in intangible assets - 12 - 9
Payment for investments in tangible assets - 463 - 417
Payment for investments in marketable securities in current assets - 177 - 56
Proceeds from sales of intangible assets 0 0
Proceeds from sales of tangible assets 13 13
Proceeds from sales of financial assets 1 2
Proceeds from sales of marketable securities (current assets)

80 133
Net cash flow from investing activities

- 558 - 334
Dividends paid, other distributions and equity capital repaid - 22 - 24
Proceeds from current or non-current financial liabilities 848 397
Repayment of current or non-current financial liabilities - 857 - 434
Change non-controlling interests

- 2 0
Net cash flow from financing activities

- 33 - 61
Net decrease / increase in liquid funds

- 559 95
Foreign exchange translation difference on liquid funds at beginning of period and on cash flows 2 - 25
Liquid funds at beginning of period

1,796 1,726
Liquid funds at end of period

1,239 1,796
Income tax paid and reimbursed - 258 - 206
Interest paid / Interest received 11 5
Investment in leased assets 19 22
Consolidated Cash Flow Statement
* Restatement first time adoption of IFRS 9 / 15 / 16

Download

Here you can access the Annual Report 2018 as a PDF file and also download “Facts and Figures” as a concise summary.

Facts and Figures 2018
Facts and Figures 2018 (PDF, 13.8 MB)