Net Assets
|
|
|
|
|
|
|
Dec. 31, 2020 |
|
June 30, 2021 |
|---|---|---|---|---|
|
|
€ million |
|
€ million |
Noncurrent assets |
|
6,734 |
|
8,226 |
Current assets |
|
6,190 |
|
6,533 |
Total assets |
|
12,924 |
|
14,759 |
|
|
|
|
|
Equity |
|
5,644 |
|
6,701 |
Noncurrent liabilities |
|
4,916 |
|
4,644 |
Current liabilities |
|
2,364 |
|
3,414 |
Liabilities |
|
7,280 |
|
8,058 |
Total equity and liabilities |
|
12,924 |
|
14,759 |
Total assets were up €1,835 million as compared with December 31, 2020, to €14,759 million as of June 30, 2021.
Noncurrent assets increased by €1,492 million to €8,226 million (December 31, 2020: €6,734 million). The key factor here was the addition of noncurrent assets as part of the initial consolidation of RFM. Current assets were up €343 million to €6,533 million (December 31, 2020: €6,190 million). In particular, this was also due to the acquisition of the RFM business.
Equity grew to €6,701 million, increasing by €1,057 million as compared with December 31, 2020. This increase was largly attributable to income after income taxes.
Noncurrent liabilities were down €272 million to €4,644 million as of June 30, 2021 (December 31, 2020: €4,916 million). This stemmed principally from the change in provisions for pensions and other post-employment benefits, which dropped by €431 million to €1,692 million (December 31, 2020: €2,123 million). In contrast, noncurrent financial liabilities rose by €74 million to €2,351 million (December 31, 2020: €2,277 million), mainly on account of the initial consolidation of RFM. Current liabilities were also up €1,050 million to €3,414 million as of the reporting date (December 31, 2020: €2,364 million). The key drivers of this development were increases in trade accounts payable and other provisions.