Henkel Annual Report 2011 - Henkel AG & Co. KGaA Annual Report ...

Henkel Annual Report 2011
For regional and geographic analysis purposes, sales are
allocated to countries on the basis of the country-of-origin
principle; non-current assets are allocated in accordance
with the domicile of the international company to which
they pertain.
Reconciliation between net operating assets/
capital employed and financial statement figures
Net operating assets
Financial
statement
figures
December 31,
2010
Net operating assets
Financial
statement
figures
December 31,
2011
Annual December 31,
Annual December 31,
in million euros
average 1 2010 2010
average 1 2011 2011
Goodwill at book value
Other intangible assets and property, plant and equipment
6,512 6,521 6,521 6,361 6,713 6,713
(total) 4,500 4,335 4,335 4,192 4,319 4,319
Deferred taxes – – 358 – – 465
Inventories 1,451 1,460 1,460 1,588 1,550 1,550
Trade accounts receivable from third parties 2,062 1,893 1,893 2,110 2,001 2,001
Intra-group accounts receivable 1,079 919 – 799 911 –
Other assets and tax refund claims 2 425 388 1,412 374 431 1,500
Cash and cash equivalents – – 1,515 1,980
Assets held for sale – – 31 51
Operating assets (gross)/Total assets 16,029 15,516 17,525 15,424 15,926 18,579
– Operating liabilities
of which:
4,796 4,648 – 4,625 4,687 –
Trade accounts payable to third parties 2,262 2,308 2,308 2,460 2,411 2,411
Intra-group accounts payable
Other provisions and other liabilities 2
1,079 919 – 799 911 –
, 3
(financial and non-financial) 1,455 1,421 1,644 1,366 1,365 1,595
Net operating assets 11,233 10,868 – 10,799 11,239 –
– Goodwill at book value 6,512 – – 6,361 – –
+ Goodwill at cost 4 6,875 – – 6,770 – –
Capital employed 11,595 – – 11,208 – –
1 The annual average is calculated on the basis of the twelve monthly figures.
2 Only amounts relating to operating activities are taken into account in calculating net operating assets.
3 Prior-year figures adjusted (see “Recognition and measurement methods” on pages 108 and 109).
4 Before deduction of accumulated amortization pursuant to IFRS 3.79 (b).
Consolidated financial statements
Other disclosures
147