Balance sheet analysis
Compared to the previous year, the HHLA Group’s balance sheet total increased by a total of € 273.8 million to € 3,284.0 million as of 31 December 2024.
in € million |
|
31.12.2024 |
|
31.12.2023 |
|---|---|---|---|---|
Assets |
|
|
|
|
Non-current assets |
|
2,628.2 |
|
2,491.6 |
Current assets |
|
655.8 |
|
518.6 |
|
|
3,284.0 |
|
3,010.2 |
Equity and liabilities |
|
|
|
|
Equity |
|
823.8 |
|
807.3 |
Non-current liabilities |
|
2,004.1 |
|
1,789.8 |
Current liabilities |
|
456.1 |
|
413.1 |
|
|
3,284.0 |
|
3,010.2 |
On the assets side of the balance sheet, non-current assets rose by € 136.6 million to € 2,628.2 million (previous year: € 2,491.6 million). The change was mainly due to an increase in property, plant and equipment, intangible assets, and investment property, resulting both from capital expenditure (less scheduled depreciation and amortisation) and from the first-time consolidation of the new companies. In addition, deferred tax assets increased by € 17.4 million to € 117.3 million (previous year: € 99.9 million).
Current assets rose by € 137.2 million to € 655.8 million (previous year: € 518.6 million). This increase resulted mainly from the rise in cash, cash equivalents and short-term deposits of € 53.3 million to € 250.8 million (previous year: € 197.5 million), the increase in receivables from related parties of € 35.2 million to € 85.6 million (previous year: € 50.5 million), and the increase in trade receivables of € 24.0 million to € 188.6 million (previous year: € 164.6 million).
Equity
in € million
On the liabilities side, equity rose year-on-year by € 16.5 million to € 823.8 million (previous year: € 807.3 million). This was largely due to the positive result for the reporting period of € 56.4 million and the rise in non-controlling interests from the initial consolidation of shares in affiliated companies. There was an opposing effect from the distribution of dividends and the reclassification to financial liabilities of the potential obligation from a put option. The equity ratio decreased to 25.1 % (previous year: 26.8 %).
Non-current liabilities rose by € 214.3 million to € 2,004.1 million (previous year: € 1,789.8 million). The increase is primarily due to the € 229.2 million rise in non-current financial liabilities to € 1,093.0 million (previous year: € 863.8 million). The decline in non-current liabilities to related parties had the opposite effect. Other changes within non-current liabilities virtually offset each other.
The increase of € 43.1 million in current liabilities to € 456.1 million (previous year: € 413.1 million) resulted mainly from the rise of € 25.4 million in other current provisions to € 53.1 million (previous year: € 27.7 million) and of € 20.1 million in trade liabilities to € 133.8 million (previous year: € 113.7 million). There was an opposing effect from the decline in current liabilities of € 21.0 million to € 94.5 million (previous year: € 115.5 million).