Consolidated financial statements

Assets in m €

 31/12/2023 % 31/12/2022 %
Intangible assets 23 0.1 29 0.2
Property, plant and equipment 3,999 24.4 3,808 24.7
Investments accounted for using the equity
method		 3 0.0 8 0.1
Non-current financial assets 166 1.0 227 1.5
Deferred tax assets 248 1.5 222 1.4
Non-current assets

 4,439 27.0 4,294 27.9
Inventories 6,409 39.1 5,662 36.8
Receivables 2,832 17.3 2,500 16.2
Prepaid income taxes 84 0.5 84 0.5
Current financial assets 1,552 9.5 1,394 9.1
Cash and cash equivalents 1,089 6.6 1,465 9.5
Current assets

 11,966 73.0 11,105 72.1
Total assets

 16,405 100.0 15,399 100.0
Equity and liabilities in € m

        
Share capital 62 0.4 62 0.4
Other reserves and retained earnings 8,821 53.8 8,596 55.8
Equity attributable to Liebherr shareholders

 8,883 54.2 8,658 56.2
Non-controlling interests 18 0.1 16 0.1
Equity

 8,901 54.3 8,674 56.3
Non-current financial liabilities 1,496 9.1 1,235 8.0
Post-employment benefits 813 4.9 678 4.4
Deferred tax liabilities 73 0.4 63 0.4
Non-current provisions 33 0.2 34 0.2
Other non-current liabilities 35 0.2 64 0.4
Non-current liabilities

 2,450 14.8 2,074 13.4
Current financial liabilities 1,230 7.5 1,101 7.2
Advance Payments 652 4.0 665 4.3
Income tax liabilities 176 1.1 130 0.8
Current provisions 818 5.0 682 4.5
Other current liabilities 2,178 13.3 2,073 13.5
Current liabilities

 5,054 30.9 4,651 30.3
Total equity and liabilities

 16,405 100.0 15,399 100.0
Consolidated balance sheet
in € m 31/12/2023 % 31/12/2022 %
Revenue 14,042 91.6 12,589 91.7
Increase or decrease of work in progress and finished goods 547 3.6 524 3.8
Other own work capitalised 420 2.7 328 2.4
Other operating income 328 2.1 289 2.1
Operating income 15,337 100.0 13,730 100.0
Cost of materials -8,384 -54.7 -7,554 -55.0
Personnel expenses -3,714 -24.2 -3,394 -24.7
Depreciation and amortization expenses -623 -4.1 -528 -3,8
Other operating expenses -1,997 -13.0 -1,800 -13.1
Operating expenses -14,718 -96.0 -13,276 -96.6
Operating result 619 4.0 454 3.4
Finance income 873 5.7 1,353 9.9
Finance expenses -824 -5.4 -1,562 -11.4
Share of net profit of associates and joint ventures accounted for using the equity method 0 0.0 1 0.0
Finance result 49 0.3 -208 -1.5
Result before tax 668 4.3 246 1.9
Income taxes -301 -2.0 -244 -1.8
Result after tax 367 2.3 2 0.1
attributable to Liebherr 364 2.3 1 0.1
of which non-controlling interests 3 0.0 1 0.0
Consolidated income statement
in € m 31/12/2023 31/12/2022
Result after tax 367 2
Post-employment benefits -106 345
Income tax effect 18 -46
Items that will not be reclassified to profit or loss -88 299
Foreign exchange translation differences -58 51
Changes of fair value in cash flow hedges 94 3
Deferred tax -27 1
Items that may be reclassified to profit or loss 9 55
Other comprehensive income -79 354
Comprehensive income 288 356
attributable to Liebherr 285 355
attributable to non controlling interests 3 1
Consolidated statement of comprehensive income
in € m




 Share capital Financial assets
at OCI		 Foreign exchange translation differences Other reserves and retained earnings Equity Liebherr Non-controlling interests Group equity
31/12/2021 62 -8 16 8,282 8,352 19 8,371
Result after tax       1 1 1 2
Other comprehensive income   4 51 299 354 0 354
Comprehensive income   4 51 300 355 1 356
Dividends       -50 -50 0 -50
Changes in shares of non-controlling interests       1 1 -4 -3
31/12/2022 62 -4 67 8,533 8,658 16 8,674
Result after tax       364 364 3 367
Other comprehensive income   67 -58 -88 -79 0 -79
Comprehensive income   67 -58 276 285 3 288
Dividends       -51 -51 -1 -52
Changes under company law       -9 -9 0 -9
31/12/2023 62 63 9 8,749 8,883 18 8,901
Consolidated statement of changes in equity
in € m   31/12/2023 31/12/2022
Result after tax   367 2
Depreciation and amortization expenses   623 528
Fair Value changes in marketable securities (current assets)   -98 209
Gain / Loss on disposal of non-current assets   0 2
Change in provisions and post-employment benefits   163 40
Other non-cash items   60 -62
Change in stock   -829 -1,168
Change in receivables and other current assets   -237 -341
Change in other liabilities   133 547
Change in rental fleet

   -192 -154
Net cash flow from operating activities

   -10 -415
Payment for investments in intangible assets   -7 -10
Payment for investments in tangible assets   -572 -500
Payment for investments in financial assets   -32 0
Payment for investments in marketable securities in current assets   -177 -220
Proceeds from sales of intangible assets   1 0
Proceeds from sales of tangible assets   15 24
Proceeds from sales of financial assets   2 1
Proceeds from sales of marketable securities (current assets)   115 189
Other proceeds from investing activities

   12 13
Net cash flow from investing activities

   -643 -503
Dividends paid, other distributions and equity capital repaid   -52 -50
Proceeds from current or non-current financial liabilities   895 779
Repayment of current or non-current financial liabilities   -542 -500
Other payments on financial activities   -8 0
Net cash flow from financing activities

   293 229
Net decrease / increase in cash and cash equivalents

   -360 -689
Effects of exchange rate changes on cash and equivalents   -16 9
Cash and cash equivalents at beginning of period

   1,465 2,145
Cash and cash equivalents at end of period   1,089 1,465
Income tax paid and reimbursed   -278 -238
Interest paid   -89 -41
Interest received   63 43
Consolidated cash flow statement

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