Consolidated Financial Statements 2019 of the Kuehne+Nagel Group

Balance Sheet

CHF million Note Dec. 31, 2019 Dec. 31, 2018
Assets    
Property, plant and equipment 26 1,089 1,226
Right-of-use assets 27 1,899
Goodwill 28 1,220 1,170
Other intangibles 28 185 215
Investments in joint ventures and associates   9 7
Deferred tax assets 24 219 175
Non-current assets   4,6212,793
Prepayments   161 161
Contract assets 29 223 300
Trade receivables 29 3,601 3,872
Other receivables 30 264 200
Income tax receivables 30 45 53
Cash and cash equivalents 31 910 499
Current assets   5,2045,085
Total assets   9,8257,878
CHF million Note Dec. 31, 2019 Dec. 31, 2018
Liabilities and equity    
Share capital   120 120
Reserves and retained earnings   1,398 1,428
Earnings for the year   798 770
Equity attributable to the equity holders of the parent company   2,3162,318
Non-controlling interests   6 6
Equity 32 2,3222,324
Provisions for pension plans and severance payments 33 431 377
Deferred tax liabilities 24 60 101
Borrowings 35 400
Non-current provisions 36 45 50
Other non-current liabilities 38 206 148
Non-current lease liabilities 27 1,432 1
Non-current liabilities   2,574677
Bank and other interest-bearing liabilities 35 12 351
Trade payables 37 1,890 1,888
Contract liabilities 37 74 146
Accrued trade expenses 37 1,190 1,272
Income tax liabilities   169 108
Current provisions 36 80 65
Other current liabilities 39 1,004 1,044
Current lease liabilities 27 510 3
Current liabilities   4,9294,877
Total liabilities and equity   9,8257,878

Schindellegi, February 26, 2020

 

KUEHNE+NAGEL INTERNATIONAL AG
Dr. Detlef Trefzger                       Markus Blanka-Graff
CEO                                               CFO