Consolidated Financial Statements 2020 of the Kuehne+Nagel Group

Balance Sheet

CHF million Note Dec. 31, 2020 Dec. 31, 2019
Assets    
Property, plant and equipment 26 797 1,089
Right-of-use assets 27 1,500 1,899
Goodwill 28 1,155 1,220
Other intangibles 28 101 185
Investments in joint ventures and associates   12 9
Deferred tax assets 24 250 219
Non-current assets   3,8154,621
Prepayments   82 161
Contract assets 29 259 223
Trade receivables 29 3,412 3,601
Other receivables 30 112 264
Income tax receivables   40 45
Cash and cash equivalents 31 1,697 910
Assets held for sale 40 434
Current assets   6,0365,204
Total assets   9,8519,825
CHF million Note Dec. 31, 2020 Dec. 31, 2019
Liabilities and equity    
Share capital   120 120
Reserves and retained earnings   1,499 1,398
Earnings for the year   788 798
Equity attributable to the equity holders of the parent company   2,4072,316
Non-controlling interests   6 6
Equity 32 2,4132,322
Provisions for pension plans and severance payments 33 431 431
Deferred tax liabilities 24 61 60
Borrowings 35 400 400
Non-current provisions 36 35 45
Other non-current liabilities 38 52 206
Non-current lease liabilities 27 1,150 1,432
Non-current liabilities   2,1292,574
Bank and other interest-bearing liabilities 35 2 12
Trade payables 37 1,875 1,890
Contract liabilities 37 87 74
Accrued trade expenses 37 1,338 1,190
Income tax liabilities   164 169
Current provisions 36 86 80
Other current liabilities 39 905 1,004
Current lease liabilities 27 433 510
Liabilities directly associated with the assets held for sale 40 419
Current liabilities   5,3094,929
Total liabilities and equity   9,8519,825

Schindellegi, March 02, 2021

 

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