Consolidated Balance Sheet
| Assets in m € | 31/12/2021 | % | 31/12/2020 | % |
| Intangible assets | 29 | 0.2 | 37 | 0.3 |
| Tangible assets | 3,629 | 24.9 | 3,567 | 25.9 |
| Shares at equity | 7 | 0.0 | 12 | 0.1 |
| Non-current financial assets | 208 | 1.4 | 159 | 1.2 |
| Deferred tax assets | 256 | 1.8 | 236 | 1.7 |
| Non-current assets | 4,129 | 28.3 | 4,011 | 29.2 |
| Inventories | 4,447 | 30.6 | 4,099 | 29.8 |
| Receivables | 2,180 | 15.0 | 2,086 | 15.2 |
| Income tax receivables | 82 | 0.6 | 77 | 0.6 |
| Current financial assets | 1,565 | 10.8 | 1,424 | 10.4 |
| Liquid funds | 2,145 | 14.7 | 2,036 | 14.8 |
| Current assets | 10,419 | 71.7 | 9,722 | 70.8 |
| Total Assets | 14,548 | 100.0 | 13,733 | 100.0 |
| Equity and Liabilities in m € | 31/12/2021 | % | 31/12/2020 | % |
| Subscribed capital | 62 | 0.4 | 62 | 0.5 |
| Revenue reserves | 8,290 | 57.0 | 7,706 | 56.1 |
| Equity of Liebherr-International AG shareholders | 8,352 | 57.4 | 7,768 | 56.6 |
| Non-controlling interests | 19 | 0.1 | 16 | 0.1 |
| Equity | 8,371 | 57.5 | 7,784 | 56.7 |
| Non-current financial liabilities | 1,213 | 8.3 | 1,376 | 10.0 |
| Post-employment benefits | 996 | 6.9 | 1,013 | 7.4 |
| Deferred tax liabilities | 63 | 0.4 | 60 | 0.4 |
| Non-current provisions | 42 | 0.3 | 46 | 0.3 |
| Other non-current liabilities | 70 | 0.5 | 82 | 0.6 |
| Non-current liabilities | 2,384 | 16.4 | 2,577 | 18.7 |
| Current financial liabilities | 823 | 5.7 | 921 | 6.7 |
| Payments received in advance | 427 | 2.9 | 283 | 2.1 |
| Income tax liabilities | 111 | 0.8 | 112 | 0.8 |
| Current provisions | 656 | 4.5 | 643 | 4.7 |
| Other current liabilities | 1,776 | 12.2 | 1,413 | 10.3 |
| Current liabilities | 3,793 | 26.1 | 3,372 | 24.6 |
| Total equity and liabilities | 14,548 | 100.0 | 13,733 | 100.0 |
Consolidated Income Statement
| in m € | 31/12/2021 | % | 31/12/2020 | % |
| Sales revenue | 11,639 | 95.4 | 10,341 | 95.2 |
| Increase or decrease of work in progress and finished goods | -24 | -0.2 | -155 | -1.4 |
| Other own work capitalised | 333 | 2.7 | 329 | 3.0 |
| Other operating income | 261 | 2.1 | 344 | 3.2 |
| Operating income | 12,209 | 100.0 | 10,859 | 100.0 |
| Cost of materials | -6,505 | 53.3 | -5,452 | -50.2 |
| Personnel expenses | -3,072 | 25.2 | -2,847 | -26.2 |
| Depreciation on non-current assets | -507 | -4.2 | -543 | -5.0 |
| Other operating expenses | -1,413 | -11.6 | -1,601 | -14.7 |
| Operating expenses | -11,497 | -94.3 | -10,443 | -96.1 |
| Operating result | 712 | 5.7 | 416 | 3.9 |
| Finance income | 593 | 4.9 | 617 | 5.7 |
| Finance cost | -493 | -4.0 | -755 | -7.0 |
| At equity result | 0 | 0.0 | 0 | 0.0 |
| Finance result | 100 | 0.9 | -138 | -1.3 |
| Result before tax | 812 | 6.6 | 278 | 2.6 |
| Taxes on income | -267 | -2.2 | -271 | -2.5 |
| Result after tax | 545 | 4.4 | 7 | 0.1 |
| of which shareholders of Liebherr-International AG | 544 | 4.4 | 7 | 0.1 |
| of which non-controlling interests | 1 | 0.0 | 0 | 0.0 |
Consolidated Statement of Comprehensive Income
| in m € | 31/12/2021 | 31/12/2020 |
| Result after tax | 545 | 7 |
| Post-employment benefits | 54 | -6 |
| Deferred tax | -10 | -34 |
| Items not recycled to profit or loss | 44 | -40 |
| Foreign exchange translation differences | 82 | -104 |
| Changes of fair value in cash flow hedges | -74 | 74 |
| Deferred tax | 13 | -13 |
| Items recycled to profit or loss | 21 | -43 |
| Other comprehensive income | 65 | -83 |
| Comprehensive income | 610 | -76 |
| of which shareholders of Liebherr-International AG | 607 | -76 |
| of which non-controlling interests | 3 | 0 |
Consolidated Statement of Changes in Equity
| in m € | Subscribed capital | Value fluctuations on financial instruments | Foreign exchange translation differences | Other revenue reserve | Equity of Liebherr-International AG shareholders | Non-controlling interests | Group equity |
| 31/12/2019 | 62 | - 8 | 40 | 7,775 | 7,869 | 15 | 7,884 |
| Result after tax | 7 | 7 | 0 | 7 | |||
| Other comprehensive income | 61 | -104 | -40 | -83 | 0 | -83 | |
| Comprehensive income | 61 | -104 | -33 | -76 | 0 | -76 | |
| Dividends | -24 | -24 | 0 | -24 | |||
| Changes in shares of non-controlling interests | -1 | -1 | 1 | 0 | |||
| 31/12/2020 | 62 | 53 | -64 | 7,717 | 7,768 | 16 | 7,784 |
| Result after tax | 544 | 544 | 1 | 545 | |||
| Other comprehensive income | -61 | 80 | 44 | 63 | 2 | 65 | |
| Comprehensive income | -61 | 80 | 588 | 607 | 3 | 610 | |
| Dividends | -23 | -23 | 0 | -23 | |||
| Changes in shares of non-controlling interests | 0 | 0 | 0 | 0 | |||
| 31/12/2021 | 62 | -8 | 16 | 8,282 | 8,352 | 19 | 8,371 |
Consolidated Cash Flow Statement
| in m € | 31/12/2021 | 31/12/2020 |
| Result after tax | 545 | 7 |
| Depreciation on non-current assets | 507 | 543 |
| Value fluctuations marketable securities (current assets) | -81 | 7 |
| Gain / Loss on disposal of non-current assets | 4 | 2 |
| Change of provisions and post-employment benefits | 41 | 88 |
| Other non-liquid expenses / income | -69 | 190 |
| Change of stock | -278 | 195 |
| Change of receivables and other current assets | -181 | 227 |
| Change of other liabilities | 468 | -289 |
| Change of rental fleet | -118 | -122 |
| Net cash flow from operating activities | 838 | 848 |
| Payment for investments in intangible assets | -9 | -10 |
| Payment for investments in tangible assets | -357 | -250 |
| Payment for investments in marketable securities in current assets | -236 | -112 |
| Proceeds from sales of tangible assets | 14 | 14 |
| Proceeds from sales of marketable securities (current assets) | 178 | 58 |
| Other proceeds from investing activities | 11 | 15 |
| Net cash flow from investing activities | -399 | -285 |
| Dividends paid, other distributions and equity capital repaid | -23 | -24 |
| Proceeds from current or non-current financial liabilities | 281 | 438 |
| Repayment of current or non-current financial liabilities | -598 | -643 |
| Change non-controlling interests | 0 | 1 |
| Net cash flow from financing activities | -340 | -228 |
| Net decrease / increase in liquid funds | 99 | 335 |
| Foreign exchange translation difference on liquid funds at beginning of period and on cash flows | 10 | -27 |
| Liquid funds at beginning of period | 2,036 | 1,728 |
| Liquid funds at end of period | 2,145 | 2,036 |
| Income tax paid and reimbursed | -288 | -184 |
| Interest paid | -28 | -32 |
| Interest received | 38 | 27 |
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Here you can access the Annual Report 2021 as a PDF file and also download “Facts and Figures” as a concise summary.