Net assets

The KION Group’s current assets again decreased considerably between 30 June and 30 September 2013. This was due to receipt of the entire share premium arising from the placement of the new shares, which was subsequently used to repay financial liabilities. At € 1,707.9 million, current assets were also below the level as at 31 December 2012. Cash and cash equivalents are now at roughly the level required for operational activities, while the share premium arising from the placement of the new shares and the capital increase from Weichai (previously reported under Other current assets) was used in its entirety to repay the acquisition financing once the funds had been received on 2 July 2013.

There was very little change in non-current assets. The overall rise of 10.8 per cent in leased assets and in short-term and long-term lease receivables was attributable to the growth in business in the Financial Services segment.

Condensed balance sheet, assets*

>>TABLE 12

in € million

30/09/2013

in %

31/12/2012

in %

Change

*

Balance sheet for 2012 was adjusted due to the retrospective application of IAS 19R (2011)

 

 

 

 

 

 

Non-current assets

4,266.0

71.4 %

4,231.0

68.1 %

0.8 %

thereof:

 

 

 

 

 

Goodwill

1,474.9

24.7 %

1,473.2

23.7 %

0.1 %

Brand names

594.9

10.0 %

593.9

9.6 %

0.2 %

Deferred tax assets

272.4

4.6 %

264.9

4.3 %

2.8 %

Rental assets

402.4

6.7 %

395.1

6.4 %

1.9 %

Leased assets

211.5

3.5 %

191.3

3.1 %

10.5 %

Lease receivables

300.7

5.0 %

267.1

4.3 %

12.6 %

 

 

 

 

 

 

Current assets

1,707.9

28.6 %

1,982.2

31.9 %

–13.8 %

thereof:

 

 

 

 

 

Inventories

586.5

9.8 %

549.9

8.9 %

6.7 %

Trade receivables

609.8

10.2 %

625.5

10.1 %

–2.5 %

Lease receivables

142.2

2.4 %

132.1

2.1 %

7.7 %

Other current assets

130.4

2.2 %

106.8

1.7 %

22.1 %

Cash

230.6

3.9 %

562.4

9.1 %

–59.0 %

 

 

 

 

 

 

Total assets

5,973.9

 

6,213.2

 

–3.9 %

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