Heidelberger Druckmaschinen : Non-consolidated financial statements 2020/2021 (1057 KB)

Non-consolidated financial statements 2020 / 2021

Perspectives

Five-year overview

Heidelberger Druckmaschinen Aktiengesellschaft

Figures in € millions	2016/2017	2017/2018	2018/2019	2019/2020	2020/2021
Incoming orders	1,113	1,161	1,127	1,007	823
Net sales	1,178	1,160	1,233	1,108	876
Foreign sales share in percent	79.9	81.1	81.7	83.8	83.7
Result of operating activities	89	20	- 14	- 246	69
in percent of sales	7.6	1.7	- 1.1	- 22.2	7.9
Net profit/loss for the year	71	- 45	- 88	- 263	119
in percent of sales	6.0	- 3.9	- 7.1	- 23.7	13.6
Investments 1)	76	119	84	58	31
Research and development costs	105	105	108	107	72
Total assets	2,070	2,157	2,232	2,351	2,184
Fixed assets	1,401	1,487	1,487	1,513	1,508
Equity	763	774	755	492	611
Subscribed capital	659	714	779	779	779
Equity ratio in percent	36.9	35.9	33.8	20.9	28.0
Earnings per share in € 2)	0.27	- 0.16	- 0.29	- 0.87	0.39
Share price at financial year-end in € 3)	2.34	3.04	1.55	0.56	1.15
Market capitalization at financial year-end	602	847	472	171	350
Average number of employees for the year 4)	5,382	5,440	5,463	5,437	5,145

1. Not including financial assets
2. Number of shares at the reporting date excluding treasury shares
3. Xetra closing price, source: Bloomberg
4. Number of employees excluding trainees

Note

For computational reasons, the tables may be subject to rounding differences of ± one unit (€, percent, etc.).

Annual financial statements

The management report of Heidelberger Druckmaschinen Aktiengesellschaft and the Group management report are combined and published in the 2020 / 2021 Annual Report.

The annual financial statements (non-consolidated financial statements) and the management report of Heidelberger Druckmaschinen Aktiengesellschaft for the financial year 2020 / 2021 that is combined with the Group management report are submitted to the operator of the Federal Gazette and published in the Federal Gazette.

The non-consolidated financial statements and the annual report for the financial year 2020 / 2021 are also available on our website www.heidelberg.com under About Us > Investor Relations > Financial Publications.

Financial section 2020/2021

Annual financial statements	2
Income statement	2
Statement of financial position	3
Notes to the non-consolidated financial statements	5
Statement of changes in non-current assets	6
General notes	8
Notes to the income statement	11
Notes to the statement of financial position	14
Additional information	26
Responsibility statement	28
Independent auditor's report	29
Further information	37
(Part of the notes to the non-consolidated financial statements)
List of shareholdings	38
Executive bodies	42

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Heidelberger Druckmaschinen Aktiengesellschaft

Income statement 2020/2021

Figures in € thousands		Note		1-Apr-2019		1-Apr-2020
				to		to
				31-Mar-2020		31-Mar-2021
Net sales	4	1,108,121		876,007
Change in inventories				- 38,118		- 43,742
Other own work capitalized			25,966		21,343
Total operating performance			1,095,969		853,608
Other operating income	5	165,750		236,634
Cost of materials	6	560,361		409,869
Staff costs	7	449,707		342,497
Amortization and write-downs of intangible non-current assets
and depreciation and write-downs of property, plant and equipment			130,729		39,469
Other operating expenses	8	366,840		229,287
Result of operating activities				- 245,918	69,120
Result from financial assets	9	76,761		126,755
Other interest and similar income	10	9,097		8,263
Interest and similar expenses	11	101,766		79,714
Financial result				- 15,908	55,304
Taxes on income	12	1,661		5,168
Net result after taxes				- 263,487	119,256
Net loss / profit for the year				- 263,487	119,256
Withdrawals from retained earnings	18		- 88,309		- 351,796
Net accumulated losses				- 351,796		- 232,540

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Annual financial statements

Statement of financial position as of March 31, 2021

Assets

Figures in € thousands		Note	31-Mar-2020		31-Mar-2021
Non-current assets	13
Intangible assets				43,476		46,125
Property, plant and equipment				498,108		461,966
Financial assets				971,834		999,821
				1,513,418		1,507,912
Current assets
Inventories	14		336,536		275,961
Receivables and other assets	15		222,053		318,838
Cash and cash equivalents	16		270,963		77,461
				829,552		672,260
Prepaid expenses	17		7,614		3,950
				2,350,584		2,184,122

Equity and liabilities

Figures in € thousands		Note	31-Mar-2020		31-Mar-2021
Equity	18
Subscribed capital 1)				779,467		779,467
Treasury shares				- 366		- 366
Issued capital				779,101		779,101
Capital reserves				57,296		57,296
Retained earnings				6,952		6,952
Net accumulated losses				- 351,796		- 232,540
				491,553		610,809
Special reserves	19		7,153		7,324
Provisions
Provisions for pensions and similar obligations	20		730,102		748,107
Other provisions	21		252,013		216,098
				982,115		964,205
Liabilities	22		869,265		597,793
Deferred income				498		3,991
				2,350,584		2,184,122

1. Contingent capital as of March 31, 2021 in the amount of € 126,177 thousand (previous year: € 126,177 thousand)

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