2012 Annual Report - Italcementi Group

Financial statements
Statement of financial position
(in thousands of euro) Notes 12.31.2012 12.31.2011 Change
Non-current assets
Property, plant and equipment 5 4,121,089 4,447,322 (326,233)
Investment property 5 29,269 23,457 5,812
Goodwill 6 1,598,687 1,919,288 (320,601)
Intangible assets 7 97,808 98,083 (275)
Equity accounted investees 8 207,488 216,742 (9,254)
Other equity investments 9 80,096 88,246 (8,150)
Deferred tax assets 21 57,600 76,217 (18,617)
Other non-current assets 10 307,521 289,183 18,338
Total non-current assets 6,499,558 7,158,538 (658,980)
Current assets
Inventories 11 699,720 740,991 (41,271)
Trade receivables 12 744,579 857,327 (112,748)
Other current assets including derivatives 13 317,949 295,271 22,678
Tax assets 26,638 29,348 (2,710)
Equity investments, bonds and financial assets 23,006 36,022 (13,016)
Cash and cash equivalents 37.1 578,388 613,334 (34,946)
Total current assets 2,390,280 2,572,293 (182,013)
Total assets 8,889,838 9,730,831 (840,993)
Equity
Share capital 14 282,549 282,549 -
Share premium 14 344,104 344,104 -
Reserves 15 35,541 131,764 (96,223)
Treasury shares 16 (58,690) (58,690) -
Retained earnings 17 2,363,209 2,795,189 (431,980)
Equity attributable to owners of the parent 2,966,713 3,494,916 (528,203)
Non-controlling interests 18 1,273,134 1,399,975 (126,841)
Total equity 4,239,847 4,894,891 (655,044)
Non-current liabilities
Financial liabilities 22 2,016,946 2,099,268 (82,322)
Employee benefits 19 232,821 202,955 29,866
Provisions 20 225,435 248,790 (23,355)
Deferred tax liabilities 21 209,215 222,086 (12,871)
Other non-current liabilities 40,529 29,788 10,741
Total non-current liabilities 2,724,946 2,802,887 (77,941)
Current liabilities
Loans and borrowings 22 429,479 189,296 240,183
Financial liabilities 22 296,376 543,934 (247,558)
Trade payables 605,629 618,343 (12,714)
Provisions 20 559 1,993 (1,434)
Tax liabilities 30,884 42,299 (11,415)
Other current liabilities 23 562,118 637,188 (75,070)
Total current liabilities 1,925,045 2,033,053 (108,008)
Total liabilities 4,649,991 4,835,940 (185,949)
Total equity and liabilities 8,889,838 9,730,831 (840,993)
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