Consolidated balance sheet

In € millions

 

2004

 

20051

 

2006

 

2007

 

20082

 

2009

 

2010

 

20113

 

20124

 

2013

1

The 2004–2005 figures have not been restated for the Organon BioSciences divestment.

2

Continuing operations from ICI are included as from 2008. The 2008 figures have not been restated for the National Starch divestment.

3

Restated to present Decorative Paints North America as a discontinued operation.

4

Restated for the revised IAS19.

5

Restated to current definition from 2011.

Intangible assets

 

448

 

488

 

682

 

669

 

7,172

 

7,388

 

7,308

 

7,392

 

4,454

 

3,906

Property, plant and equipment

 

3,535

 

3,432

 

3,346

 

2,203

 

3,357

 

3,474

 

3,384

 

3,705

 

3,739

 

3,589

Financial non-current assets

 

1,418

 

1,800

 

1,706

 

1,402

 

1,848

 

1,783

 

1,977

 

2,664

 

2,628

 

2,219

Total non-current assets

 

5,401

 

5,720

 

5,734

 

4,274

 

12,377

 

12,645

 

12,669

 

13,761

 

10,821

 

9,714

Inventories

 

1,978

 

1,987

 

2,042

 

1,177

 

1,781

 

1,441

 

1,678

 

1,924

 

1,545

 

1,426

Receivables

 

2,761

 

2,910

 

2,919

 

2,164

 

2,977

 

2,666

 

2,896

 

3,035

 

2,789

 

2,622

Cash and cash equivalents

 

1,811

 

1,486

 

1,871

 

11,628

 

1,595

 

2,128

 

2,851

 

1,635

 

1,752

 

2,098

Assets held for sale

 

 

322

 

219

 

 

4

 

 

 

 

921

 

203

Total current assets

 

6,550

 

6,705

 

7,051

 

14,969

 

6,357

 

6,235

 

7,425

 

6,594

 

7,007

 

6,349

Shareholders’ equity

 

2,605

 

3,415

 

4,144

 

11,032

 

7,463

 

7,775

 

8,984

 

9,031

 

5,764

 

5,594

Minority interests

 

140

 

161

 

119

 

97

 

450

 

470

 

525

 

529

 

464

 

427

Total equity

 

2,745

 

3,576

 

4,263

 

11,129

 

7,913

 

8,245

 

9,509

 

9,560

 

6,228

 

6,021

Provisions

 

2,877

 

2,210

 

2,132

 

1,598

 

2,072

 

1,919

 

1,855

 

2,392

 

2,677

 

1,938

Long-term borrowings

 

2,392

 

2,702

 

2,551

 

1,954

 

2,341

 

3,641

 

2,880

 

3,035

 

3,388

 

2,666

Other non-current liabilities

 

200

 

183

 

181

 

133

 

715

 

674

 

589

 

541

 

434

 

389

Total non-current liabilities

 

5,469

 

5,095

 

4,864

 

3,685

 

5,128

 

6,234

 

5,324

 

5,968

 

6,499

 

4,993

Short-term borrowings

 

560

 

357

 

410

 

1,635

 

1,338

 

384

 

907

 

494

 

662

 

961

Current liabilities

 

2,677

 

2,571

 

2,652

 

2,276

 

3,510

 

3,220

 

3,761

 

3,782

 

3,632

 

3,438

Current portion of provisions

 

500

 

766

 

571

 

518

 

845

 

797

 

593

 

551

 

455

 

601

Liabilities held for sale

 

 

60

 

25

 

 

 

 

 

 

352

 

49

Total current liabilities

 

3,737

 

3,754

 

3,658

 

4,429

 

5,693

 

4,401

 

5,261

 

4,827

 

5,101

 

5,049

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average invested capital5

 

7,631

 

7,576

 

8,034

 

6,629

 

9,311

 

12,578

 

11,467

 

11,537

 

11,817

 

10,007

Capital expenditures

 

551

 

514

 

371

 

359

 

534

 

513

 

534

 

658

 

826

 

666

Depreciation

 

540

 

528

 

349

 

330

 

453

 

424

 

435

 

419

 

463

 

472

OWC

 

 

 

 

 

 

 

 

 

2,359

 

1,691

 

2,016

 

1,891

 

1,572

 

1,384

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratios

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity/non-current assets

 

0.51

 

0.62

 

0.74

 

2.60

 

0.64

 

0.65

 

0.75

 

0.73

 

0.58

 

0.62

Inventories and receivables/current liabilities

 

1.77

 

1.90

 

1.87

 

1.47

 

1.36

 

1.28

 

1.22

 

1.31

 

1.19

 

1.18

Operating working capital as % of revenue

 

 

 

 

 

 

 

 

 

16.5

 

13.7

 

13.9

 

13.2

 

10.7

 

9.9