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2019 Annual Report

 

TRANSFORMATION

2019 Annual Report

Continental Corporation - 2018 Annual Report
 

Consolidated Statement of Financial Position

1 2 3 4 5
Assets
€ millions See Note Dec. 31, 2019 Dec. 31, 2018
Goodwill 13 5,113.5 7,233.4
Other intangible assets 13 1,691.8 1,566.3
Property, plant and equipment 14, 15 14,932.7 12,375.5
Investment property 16 11.7 12.0
Investments in equity-accounted investees 17 397.7 644.9
Other investments 18 197.6 192.9
Deferred tax assets 19 2,174.4 1,464.4
Defined benefit assets 27 7.8 27.8
Long-term contract assets 6 0.1 0.1
Long-term derivative instruments and interest-bearing investments 31 54.0 32.4
Long-term other financial assets 20 114.6 81.4
Long-term other assets 21 28.6 27.6
Non-current assets   24,724.5 23,658.7
Inventories 22 4,694.4 4,521.1
Trade accounts receivable1 23 7,711.6 7,858.2
Short-term contract assets 6 89.1 67.4
Short-term other financial assets1 20 118.5 94.4
Short-term other assets 21 1,406.7 1,124.2
Income tax receivables   240.5 208.2
Short-term derivative instruments and interest-bearing investments 31 151.5 151.8
Cash and cash equivalents 24 3,341.8 2,761.4
Assets held for sale 25 89.6
Current assets   17,843.7 16,786.7
Total assets   42,568.2 40,445.4
Download Tabellenübersicht (MS-Excel)

IFRS 16, Leases, was adopted on and has been applied since January 1, 2019. It is applied using the modified retrospective approach, under which the previous year’s figures are not adjusted. As a result, some of these figures are not comparable with the prior-year period.

1 From the 2019 fiscal year onward, the presentation of receivables from related parties is made more transparent by reclassifying receivables from operating service business from short-term other financial assets to trade accounts receivable among these items of the statement of financial position. The figures from the comparative period have been adjusted accordingly.

Equity and liabilities
€ millions See Note Dec. 31, 2019 Dec. 31, 2018
Subscribed capital   512.0 512.0
Capital reserves   4,155.6 4,155.6
Retained earnings   13,522.1 15,697.2
Other comprehensive income   -2,794.4 -2,514.4
Equity attributable to the shareholders of the parent   15,395.3 17,850.4
Non-controlling interests   480.4 482.9
Total equity 26 15,875.7 18,333.3
Long-term employee benefits 27 5,406.3 4,407.0
Deferred tax liabilities 19 305.4 315.7
Long-term provisions for other risks and obligations 28 666.1 163.7
Long-term indebtedness 30 3,375.2 1,449.0
Long-term other financial liabilities 32 31.7 38.4
Long-term contract liabilities 6 16.7 11.0
Long-term other liabilities 34 20.0 13.4
Non-current liabilities   9,821.4 6,398.2
Short-term employee benefits 27 1,368.7 1,454.2
Trade accounts payable1 33 7,111.0 7,525.6
Short-term contract liabilities 6 234.9 150.2
Income tax payables 29 938.6 750.7
Short-term provisions for other risks and obligations 28 1,261.6 1,066.1
Short-term indebtedness 30 4,243.8 3,157.9
Short-term other financial liabilities1 32 1,046.3 1,042.6
Short-term other liabilities 34 666.2 566.6
Current liabilities   16,871.1 15,713.9
Total equity and liabilities   42,568.2 40,445.4
Download Tabellenübersicht (MS-Excel)

IFRS 16, Leases, was adopted on and has been applied since January 1, 2019. It is applied using the modified retrospective approach, under which the previous year’s figures are not adjusted. As a result, some of these figures are not comparable with the prior-year period.

1 From the 2019 fiscal year onward, the presentation of receivables from related parties is made more transparent by reclassifying receivables from operating service business from short-term other financial assets to trade accounts receivable among these items of the statement of financial position. The figures from the comparative period have been adjusted accordingly.