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		4,621	2,793
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		5,204	5,085
Total assets		9,825	7,878

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		2,316	2,318
Non-controlling interests		6	6
Equity	32	2,322	2,324
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		2,574	677
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		4,929	4,877
Total liabilities and equity		9,825	7,878

Schindellegi, February 26, 2020

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