Capitals Find out, which pages of the integrated report concern the capitals.

Consolidated financial statements

Consolidated statement of profit or loss

T€

 

Disclosure

 

2019

 

20181

1

Adjusted. More detailed explanations are provided in the Notes to the consolidated financial statements in Section II.3: Changes in accordance with IAS 8.

2

Due to the application of the cumulated retrospective method as part of the first-time application of IFRS 16, the previous year’s figures have not been adjusted.

+

Revenue

 

VI.1

 

1,567,967

 

1,508,817

+/–

Changes in inventories and work in progress

 

 

 

40

 

-672

+

Own work capitalized

 

VI.2

 

16,689

 

15,835

+

Other income

 

VI.3

 

26,436

 

29,731

 

Total income

 

 

 

1,611,132

 

1,553,711

Cost of materials

 

VI.4

 

-413,210

 

-393,602

Personnel expenses

 

VI.5

 

-537,239

 

-507,713

Other expenses2

 

VI.6

 

-106,369

 

-114,318

 

Earnings before interest, taxes, depreciation, and amortization (EBITDA)

 

 

 

554,314

 

538,078

Depreciation and amortization

 

VI.7

 

-208,835

 

-214,578

 

Operating result (EBIT)

 

 

 

345,479

 

323,500

+

Interest result

 

VI.8

 

-78,233

 

-84,338

+/–

Other financial result

 

VI.8

 

-11,812

 

-17,813

 

Financial result

 

 

 

-90,045

 

-102,151

+

Result from companies accounted for using the equity method

 

VII.4

 

1,388

 

1,173

 

Earnings before taxes (EBT)

 

 

 

256,822

 

222,522

+/–

Income taxes

 

VI.9

 

-78,975

 

-72,895

 

Group profit/loss for the year (EAT)

 

 

 

177,847

 

149,627

 

of which assignable to owners of the company

 

 

 

177,842

 

149,626

 

of which assignable to non-controlling interests

 

 

 

5

 

1

Consolidated statement of comprehensive income

T€

 

Angabe

 

2019

 

20181

1

Adjusted. More detailed explanations are provided in the Notes to the consolidated financial statements in Section II.3: Changes in accordance with IAS 8.

 

Group profit/loss for the year

 

 

 

177,847

 

149,627

+/–

Cash flow hedging

 

VII.16

 

11,406

 

10,742

+/–

Deferred taxes not affecting profit or loss

 

VII.6

 

-2,281

 

-2,149

 

Items to be reclassified to the statement of profit or loss

 

 

 

9,125

 

8,593

+/–

Actuarial gains/losses

 

VII.17

 

-5,351

 

811

+/–

Deferred taxes not affecting profit or loss

 

VII.6

 

1,488

 

-225

+/–

Effects of foreign currency translation

 

 

 

3

 

0

 

Items not to be reclassified to the statement of profit or loss

 

 

 

-3,860

 

586

 

Other comprehensive income net of tax

 

 

 

5,265

 

9,179

 

Total comprehensive income

 

 

 

183,112

 

158,806

 

of which assignable to owners of the company

 

 

 

183,107

 

158,805

 

of which assignable to non-controlling interests

 

 

 

5

 

1

Consolidated statement of financial position

Assets

 

 

 

 

 

 

 

 

T€

 

Disclosure

 

Dec. 31,2019

 

Dec. 31,20181

 

Jan. 1,20182

1

Adjusted. More detailed explanations are provided in the Notes to the consolidated financial statements in Section II.3: Changes in accordance with IAS 8.

2

Adjusted. More detailed explanations are provided in the Notes to the consolidated financial statements in Section II.3: Changes in accordance with IAS 8. The corrected figures as at January 1, 2018 do not include the first-time application of IFRS 15.

3

Due to the application of the cumulated retrospective method as part of the first-time application of IFRS 16, the previous year’s figures have not been adjusted.

Intangible assets

 

VII.1

 

21,162

 

19,572

 

17,477

Property, plant, and equipment3

 

VII.2

 

4,951,956

 

4,821,005

 

4,836,610

Investment property

 

VII.3

 

155,358

 

150,889

 

151,872

Investments in companies accounted for using the equity method

 

VII.4

 

4,138

 

3,657

 

4,116

Receivables

 

VII.5

 

5,201

 

3,539

 

53

Contract assets

 

VII.23

 

2,232

 

0

 

Other financial assets

 

 

 

214

 

183

 

290

Deferred tax assets

 

VII.6

 

5,497

 

4,864

 

4,148

Other assets

 

VII.9

 

6,153

 

6,631

 

774

Non-current assets

 

 

 

5,151,911

 

5,010,340

 

5,015,340

Inventories

 

VII.7

 

37,483

 

39,193

 

41,567

Receivables

 

VII.8

 

94,229

 

76,057

 

86,545

Contract assets

 

VII.23

 

7,315

 

4,617

 

Other financial assets

 

VII.8

 

1

 

0

 

202

Current income tax assets

 

 

 

5,123

 

4,899

 

5,496

Other assets

 

VII.9

 

35,872

 

9,243

 

7,066

Short-term deposits

 

VII.10

 

168,767

 

209,446

 

158,000

Cash and cash equivalents

 

VII.10

 

39,576

 

12,377

 

6,625

Current assets

 

 

 

388,366

 

355,832

 

305,501

Assets held for sale

 

VII.11

 

1,746

 

1,495

 

1,015

Assets

 

 

 

5,542,023

 

5,367,667

 

5,321,856

Equity and Liabilities

 

 

 

 

 

 

 

 

T€

 

Disclosure

 

Dec. 31,2019

 

Dec. 31,20181

 

Jan. 1,20182

1

Adjusted. More detailed explanations are provided in the Notes to the consolidated financial statements in Section II.3: Changes in accordance with IAS 8.

2

Adjusted. More detailed explanations are provided in the Notes to the consolidated financial statements in Section II.3: Changes in accordance with IAS 8. The corrected figures as at January 1, 2018 do not include the first-time application of IFRS 15.

3

Due to the application of the cumulated retrospective method as part of the first-time application of IFRS 16, the previous year’s figures have not been adjusted.

Subscribed capital

 

VII.12

 

306,776

 

306,776

 

306,776

Reserves

 

VII.12

 

147,490

 

151,353

 

150,767

Other equity

 

VII.12

 

1,923,854

 

1,766,853

 

1,640,269

Non-controlling interests

 

 

 

19

 

14

 

13

Equity

 

 

 

2,378,139

 

2,224,996

 

2,097,825

Financial liabilities from interests in partnerships

 

VII.14

 

354,047

 

346,058

 

315,375

Payables

 

VII.15

 

14,211

 

12,365

 

12,498

Other financial liabilities3

 

VII.15

 

1,148,779

 

1,314,692

 

1,393,047

Employee benefits

 

VII.17

 

61,965

 

50,864

 

50,163

Other provisions

 

VII.18

 

91,984

 

89,769

 

91,300

Deferred tax liabilities

 

VII.6

 

424,400

 

429,186

 

437,608

Other liabilities

 

VII.20

 

15,807

 

16,886

 

17,305

Non-current liabilities

 

 

 

1,757,146

 

1,913,762

 

2,001,921

Payables

 

VII.19

 

151,620

 

162,502

 

159,303

Contract liabilities

 

VII.23

 

2,244

 

2,045

 

Other financial liabilities2

 

VII.19

 

813,645

 

640,442

 

677,649

Employee benefits

 

VII.17

 

47,587

 

43,485

 

40,887

Other provisions

 

VII.18

 

11,445

 

14,363

 

10,074

Current income tax liabilities

 

 

 

8,209

 

7,339

 

7,406

Other liabilities

 

VII.20

 

17,941

 

12,675

 

11,416

Current liabilities

 

 

 

1,052,691

 

882,851

 

906,735

Equity and liabilities

 

 

 

5,542,023

 

5,367,667

 

5,321,856

Consolidated statement of changes in equity

 

 

Disclosure

 

Subscribed capital

 

Reserves

 

Other equity

 

Non-controlling interests

 

Equity

T€

 

 

 

 

 

Capital reserve

 

Revenue reserve

 

 

 

 

 

 

1

Adjusted. More detailed explanations are provided in the Notes to the consolidated financial statements in Section II.3: Changes in accordance with IAS 8.

As of Dec. 31, 2017

 

VII.12

 

306,776

 

102,258

 

48,509

 

1,628,698

 

13

 

2,086,254

Changes as a result of IAS 8

 

 

 

0

 

0

 

0

 

11,571

 

0

 

11,571

As of Jan. 1, 2018 (adjusted)

 

 

 

306,776

 

102,258

 

48,509

 

1,640,269

 

13

 

2,097,825

Impact arising from first-time application of IFRS 9

 

 

 

0

 

0

 

0

 

-1,635

 

0

 

-1,635

As of Jan. 1, 2018

 

 

 

306,776

 

102,258

 

48,509

 

1,638,634

 

13

 

2,096,190

Group profit/loss for the year

 

 

 

0

 

0

 

0

 

149,626

 

1

 

149,627

Other comprehensive income

 

 

 

0

 

0

 

586

 

8,593

 

0

 

9,179

Total comprehensive income

 

 

 

0

 

0

 

586

 

158,219

 

1

 

158,806

Distributions

 

 

 

0

 

0

 

0

 

-30,000

 

0

 

-30,000

Transactions with shareholders

 

 

 

0

 

0

 

0

 

-30,000

 

0

 

-30,000

As of Dec. 31, 20181

 

VII.12

 

306,776

 

102,258

 

49,095

 

1,766,853

 

14

 

2,224,996

Group profit/loss for the year

 

 

 

0

 

0

 

0

 

177,842

 

5

 

177,847

Other comprehensive income

 

 

 

0

 

0

 

-3,863

 

9,128

 

0

 

5,265

Total comprehensive income

 

 

 

0

 

0

 

-3,863

 

186,970

 

5

 

183,112

Distributions

 

 

 

0

 

0

 

0

 

-30,000

 

0

 

-30,000

Transactions with shareholders

 

 

 

0

 

0

 

0

 

-30,000

 

0

 

-30,000

Effects of foreign currency translation

 

 

 

0

 

0

 

0

 

31

 

0

 

31

As of Dec. 31, 2019

 

VII.12

 

306,776

 

102,258

 

45,232

 

1,923,854

 

19

 

2,378,139

Consolidated statement of cash flow

T€

 

Disclosure

 

2019

 

20181

1

Adjusted. More detailed explanations are provided in the Notes to the consolidated financial statements in Section II.3: Changes in accordance with IAS 8.

 

Total comprehensive income

 

 

 

183,112

 

158,806

+

Deferred taxes not affecting profit or loss

 

 

 

793

 

2,374

+

Actuarial gains/losses

 

 

 

5,351

 

-811

+

Cash flow hedging

 

 

 

-11,406

 

-10,742

 

Changes due to foreign currency translation

 

 

 

-3

 

0

 

Group profit/loss for the year (EAT)

 

 

 

177,847

 

149,627

 

Result from companies accounted for using the equity method

 

 

 

-1,388

 

-1,173

 

Income taxes

 

 

 

78,975

 

72,895

 

Financial result

 

 

 

90,045

 

102,151

 

Operating result (EBIT)

 

 

 

345,479

 

323,500

 

Depreciation and amortization

 

 

 

208,835

 

214,578

 

Gains/losses from disposal of fixed assets

 

 

 

2,481

 

3,104

 

Increase/decrease in inventories

 

 

 

1,710

 

2,374

 

Increase/decrease in current receivables

 

 

 

-18,172

 

10,487

 

Increase/decrease in liabilities

 

 

 

-8,932

 

3,234

 

Increase/decrease in employee benefits

 

 

 

9,031

 

3,393

 

Increase/decrease in other provisions

 

 

 

-3,573

 

4,451

 

Increase/decrease in other assets/liabilities not related to investing and financing activities

 

 

 

-23,243

 

-12,950

 

Gross cash flow from operating activities

 

 

 

513,616

 

552,171

 

Net income taxes paid/received

 

 

 

-84,542

 

-83,875

 

Cash flow from operating activities

 

 

 

429,074

 

468,296

 

Proceeds from sale of owner-occupied property, plant, and equipment

 

 

 

5,138

 

5,853

 

Proceeds from sale of intangible assets

 

 

 

707

 

404

 

Proceeds from sale of investment property

 

 

 

0

 

117

 

Proceeds of distributions from associated companies

 

 

 

1,173

 

1,632

 

Payments for investments in owner-occupied property, plant, and equipment

 

 

 

-306,980

 

-191,146

 

Payments for investments in intangible assets

 

 

 

-6,870

 

-8,328

 

Payments for investments in investment property

 

 

 

-5,592

 

-5,174

 

Payments from acquisition of subsidiaries

 

 

 

-1,200

 

0

 

Interest received

 

 

 

382

 

275

 

Changes in connection with companies not fully consolidated

 

 

 

-275

 

96

 

Changes in short-term deposits

 

 

 

40,679

 

-52,000

+

Cash flow from investing activities

 

 

 

-272,838

 

-248,271

 

Payments for distributions to shareholders

 

IX

 

-30,000

 

-30,000

 

Proceeds from borrowings

 

IX

 

71,111

 

13,200

 

Repayments of borrowings from banks

 

IX

 

-79,406

 

-125,713

 

Repayments of lease liabilities

 

 

 

-4,903

 

 

Repayments of financial liabilities from interests in partnerships

 

IX

 

-36,919

 

-22,330

 

Cash flows from Group-wide cash management with associates and shareholdings

 

IX

 

-4,460

 

-572

 

Interest paid (excluding borrowing costs for qualifying assets)

 

IX

 

-39,743

 

-43,942

 

Payments for borrowing costs for qualifying assets

 

IX

 

-4,717

 

-4,916

+

Cash flow from financing activities

 

IX

 

-129,037

 

-214,273

 

Change in cash and cash equivalents

 

 

 

27,199

 

5,752

 

Cash and cash equivalents at the beginning of the year

 

 

 

12,377

 

6,625

 

Cash and cash equivalents at the end of the year

 

 

 

39,576

 

12,377

Share this Annual Report on social media:

Stakeholder survey

We look forward to your feedback on our integrated report 2019.

Go to the survey