2011 Annual Report - Italcementi Group

Financial statements
Statement of financial position
(in thousands of euro) Notes 12.31.2011 12.31.2010 Change
Non-current assets
Property, plant and equipment 5 4,447,322 4,595,148 (147,826)
Investment property 5 23,457 33,098 (9,641)
Goodwill 6 1,919,288 2,016,614 (97,326)
Intangible assets 7 98,083 133,817 (35,734)
Equity accounted investees 8 216,742 212,261 4,481
Other equity investments 9 88,246 200,172 (111,926)
Deferred tax assets 21 76,217 52,995 23,222
Other non-current assets 10 289,183 186,214 102,969
Total non-current assets 7,158,538 7,430,319 (271,781)
Current assets
Inventories 11 740,991 726,152 14,839
Trade receivables 12 857,327 738,555 118,772
Other current assets including derivatives 13 295,271 248,410 46,861
Tax assets 29,348 52,621 (23,273)
Equity investments, bonds and financial assets 36,022 249,852 (213,830)
Cash and cash equivalents 38 613,334 575,220 38,114
Total current assets 2,572,293 2,590,810 (18,517)
Total assets 9,730,831 10,021,129 (290,298)
Equity
Share capital 14 282,549 282,549 -
Share premium 14 344,104 344,104 -
Reserves 15 131,764 175,652 (43,888)
Treasury shares 16 (58,690) (58,690) -
Retained earnings 17 2,795,189 2,781,467 13,722
Equity attributable to owners of the parent 3,494,916 3,525,082 (30,166)
Non-controlling interests 18 1,399,975 1,460,851 (60,876)
Total equity 4,894,891 4,985,933 (91,042)
Non-current liabilities
Financial liabilities 22 2,099,268 2,567,468 (468,200)
Employee benefits 19 202,955 184,822 18,133
Provisions 20 248,790 241,240 7,550
Deferred tax liabilities 21 222,086 239,460 (17,374)
Other non-current liabilities 29,788 33,203 (3,415)
Total non-current liabilities 2,802,887 3,266,193 (463,306)
Current liabilities
Loans and borrowings 22 189,296 222,985 (33,689)
Financial liabilities 22 543,934 293,493 250,441
Trade payables 648,178 588,572 59,606
Provisions 20 1,993 3,537 (1,544)
Tax liabilities 42,299 55,542 (13,243)
Other current liabilities 23 607,353 604,874 2,479
Total current liabilities 2,033,053 1,769,003 264,050
Total liabilities 4,835,940 5,035,196 (199,256)
Total equity and liabilities 9,730,831 10,021,129 (290,298)
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