Balance sheet analysis
Compared to the previous year, the HHLA Group’s balance sheet total increased by a total of € 239.3 million to € 3,010.2 million as of 31 December 2023.
in € million |
|
31.12.2023 |
|
31.12.2022 |
|---|---|---|---|---|
Assets |
|
|
|
|
Non-current assets |
|
2,491.6 |
|
2,278.4 |
Current assets |
|
518.6 |
|
492.5 |
|
|
3,010.2 |
|
2,770.9 |
Equity and liabilities |
|
|
|
|
Equity |
|
807.3 |
|
873.3 |
Non-current liabilities |
|
1,789.8 |
|
1,571.9 |
Current liabilities |
|
413.1 |
|
325.7 |
|
|
3,010.2 |
|
2,770.9 |
On the assets side of the balance sheet, non-current assets rose by € 213.2 million to € 2,491.6 million (previous year: € 2,278.4 million). The change was mainly due to an increase in property, plant and equipment and intangible assets, resulting from the first-time consolidation of the new companies as well as from capital expenditure (less scheduled depreciation and amortisation). In addition, deferred tax assets increased by € 25.8 million to € 99.9 million (previous year: € 74.1 million).
Current assets rose by € 26.0 million to € 518.6 million (previous year: € 492.5 million). This increase resulted mainly from a rise in cash, cash equivalents and short-term deposits of € 81.1 million to € 197.5 million (previous year: € 116.4 million) and from income tax receivables. A decrease in trade receivables of € 41.5 million to € 164.6 million (previous year: € 206.1 million) and in receivables from related parties had an opposing effect.
Equity
in € million
On the liabilities side, equity fell year-on-year by € 66.0 million to € 807.3 million (previous year: € 873.3 million). This was partly due to the distribution of dividends and the reclassification to financial liabilities of the potential obligation from a put option. The sale of a non-controlling interest in a fully consolidated company as well as the positive result for the reporting period of € 42.4 million had an opposing effect. The equity ratio decreased to 26.8 % (previous year: 31.5 %).
Non-current liabilities rose by € 218.0 million to € 1,789.8 million (previous year: € 1,571.9 million). The increase is primarily due to the rise in non-current financial liabilities of € 240.5 million. Other changes within non-current liabilities offset each other.
The increase of € 87.3 million in current liabilities to € 413.1 million (previous year: € 325.7 million) resulted mainly from the rise of € 41.3 million in current liabilities to related parties to € 91.3 million (previous year: € 50.0 million) and of € 34.1 million in current financial liabilities to € 115.5 million (previous year: € 81.4 million).