150 ars of Continental 2020 Annual Report of Continental Aktiengesellschaft
The management report of Continental Aktiengesell-schaft is combined with the management report of the Continental Corporation in accordance with Section 315 (5) of the German Commercial Code (Handelsgesetzbuch) and published in Continental's Annual Report for 2020.
The annual financial statements and the summarized management report of Continental Aktiengesellschaft for fiscal 2020 are published in the electronic German Federal Gazette (elektronischer Bundesanzeiger).
2020 Annual Report, Continental Aktiengesellschaft
3
Annual Report of Continental Aktiengesellschaft
4 Income Statement
5 Balance Sheet
6 Statement of Changes in Non-Current Assets
7 Notes to the Annual Financial Statements
8 Accounting Policies
9 Notes to the Balance Sheet, Assets
11 Notes to the Balance Sheet, Equity and Liabilities
14 Notes to the Income Statement
16 Other Disclosures
33 Independent Auditor's Report
38 Responsibility Statement in Accordance with Sections 264 (2) and 289 (1) of the German Commercial Code
(Handelsgesetzbuch - HGB)
39 Members of the Executive Board and Their Directorships
40 Members of the Supervisory Board and Their Directorships
42 Financial Calendar
42 Publication Details
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2020 Annual Report, Continental Aktiengesellschaft
Continental Aktiengesellschaft Income Statement
€ millions | See Note | 2020 | 2019 |
Sales | 12 | 277.6 | 299.4 |
Cost of sales | -267.3 | -287.6 | |
Gross margin on sales | 10.3 | 11.8 | |
General administrative expenses | -176.9 | -177.2 | |
Other operating income | 13 | 51.3 | 67.5 |
Other operating expenses | 14 | -98.8 | -73.4 |
Net investment income | 15 | 1,146.1 | 5,294.0 |
Income from other securities and long-term loans | 11.0 | 16.2 | |
Amortization of investments and of short-term securities | -0.2 | -0.4 | |
Net interest result | 16 | -85.3 | -31.8 |
Result from activities | 857.5 | 5,106.7 | |
Income tax expense | 17 | -74.6 | -59.2 |
Net income | 782.9 | 5,047.5 | |
Accumulated profits brought forward from the previous year | 5,256.0 | 808.5 | |
Retained earnings | 6,038.9 | 5,856.0 |
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Continental AG published this content on 19 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 March 2021 09:39:08 UTC.