SIKA AG SIKA
BUSINESS YEAR
2021
WWW.SIKA.COM/ANNUALREPORT
SIKA ANNUAL
FINANCIAL REPORT
Financial Statements | 4 |
Appendix to the consolidated financial statements | 6 |
5-Year Reviews | 12 |
SIKa AG Financial Statements | 15 |
CONSOLIDATEDFINANCIAL STATEMENTS
CONSOLIDATED INCOME STATEMENT for the year ended December 31
Change | |||||||||
in CHF mn | Notes | % | 2020 | % | 2021 | in % | |||
Net sales | 1, 2 | 100.0 | 7,877.5 | 100.0 | 9,252.3 | 17.5 | |||
Material expenses | 3 | -45.2 | -3,562.7 | -48.2 | -4,461.0 | ||||
Gross result | 54.8 | 4,314.8 | 51.8 | 4,791.3 | 11.0 | ||||
Personnel expenses | 4 | -19.4 | -1,525.9 | -17.7 | -1,635.3 | ||||
Other operating expenses | 5 | -16.4 | -1,291.3 | -15.1 | -1,398.0 | ||||
Operating profit before depreciation | 19.0 | 1,497.6 | 19.0 | 1,758.0 | 17.4 | ||||
Depreciation and amortization expenses | 2, 16, 17 | -4.6 | -367.1 | -4.0 | -366.6 | ||||
Operating profit | 2 | 14.4 | 1,130.5 | 15.0 | 1,391.4 | 23.1 | |||
Interest income | 7 | 0.0 | 5.5 | 0.1 | 11.5 | ||||
Interest expenses | 6 | -0.7 | -57.4 | -0.6 | -56.9 | ||||
Other financial income | 7 | 0.1 | 6.0 | 0.1 | 7.0 | ||||
Other financial expenses | 6 | -0.3 | -24.7 | -0.2 | -17.8 | ||||
Income from associated companies | 7 | 0.0 | 0.5 | 0.0 | 0.4 | ||||
Profit before taxes | 13.5 | 1,060.4 | 14.4 | 1,335.6 | 26.0 | ||||
Income taxes | 8 | -3.0 | -235.3 | -3.1 | -287.1 | ||||
Net profit | 10.5 | 825.1 | 11.3 | 1,048.5 | 27.1 | ||||
Profit attributable to Sika shareholders | 10.5 | 824.5 | 11.3 | 1,047.9 | |||||
Profit attributable to non-controlling interests | 25 | 0.0 | 0.6 | 0.0 | 0.6 | ||||
Undiluted earnings per share (in CHF) | 9 | 5.82 | 7.39 | 27.0 | |||||
Diluted earnings per share (in CHF) | 9 | 5.22 | 6.60 | 26.4 | |||||
SIKA ANNUAL REPORT 2021 | 187 |
Consolidated Financial Statements |
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME for the year ended December 31
Change | |||||||||
in CHF mn | Notes | % | 2020 | % | 2021 | in % | |||
Net profit | 10.5 | 825.1 | 11.3 | 1,048.5 | 27.1 | ||||
Actuarial gains (+)/losses (-) on employee benefit | |||||||||
obligations | 23 | -0.2 | -14.7 | 1.6 | 146.1 | ||||
Income tax effect | 8 | 0.0 | 1.7 | -0.3 | -25.6 | ||||
Items that will not be reclassified to profit or loss | -0.2 | -13.0 | 1.3 | 120.5 | |||||
Exchange differences taken to equity | -3.8 | -300.1 | 0.6 | 52.5 | |||||
Items that may be reclassified subsequently to profit | |||||||||
or loss | -3.8 | -300.1 | 0.6 | 52.5 | |||||
Other comprehensive income | -4.0 | -313.1 | 1.9 | 173.0 | |||||
Comprehensive income | 6.5 | 512.0 | 13.2 | 1,221.5 | 138.6 | ||||
Attributable to Sika shareholders | 6.5 | 511.6 | 13.2 | 1,220.9 | |||||
Attributable to non-controlling interests | 25 | 0.0 | 0.4 | 0.0 | 0.6 | ||||
SIKA ANNUAL REPORT 2021 | 188 |
Consolidated Financial Statements |
CONSOLIDATED BALANCE SHEET as at December 31
in CHF mn | Notes | 2020 | 2021 | ||
Cash and cash equivalents | 10, 27 | 1,318.7 | 1,175.0 | ||
Accounts receivable | 11, 27 | 1,361.8 | 1,576.8 | ||
Inventories | 12 | 814.0 | 1,158.3 | ||
Prepaid expenses and accrued income | 13 | 120.7 | 190.4 | ||
Other assets | 14, 27 | 19.4 | 30.9 | ||
Assets classified as held for sale | 15 | 0.0 | 33.7 | ||
Current assets | 3,634.6 | 4,165.1 | |||
Property, plant, and equipment | 16 | 1,702.6 | 1,776.6 | ||
Intangible assets | 17 | 4,172.3 | 4,373.0 | ||
Investments in associated companies | 18 | 2.5 | 9.2 | ||
Deferred tax assets | 8 | 194.7 | 142.5 | ||
Other assets | 14, 27 | 87.3 | 233.5 | ||
Non-current assets | 6,159.4 | 6,534.8 | |||
ASSETS | 9,794.0 | 10,699.9 | |||
Accounts payable | 19, 27 | 846.3 | 1,033.2 | ||
Accrued expenses and deferred income | 20 | 454.0 | 519.9 | ||
Financial liabilities | 21, 27 | 334.7 | 334.9 | ||
Income tax liabilities | 163.3 | 170.3 | |||
Provisions | 22 | 26.8 | 26.0 | ||
Liabilities classified as held for sale | 15 | 0.0 | 3.7 | ||
Current liabilities | 1,825.1 | 2,088.0 | |||
Financial liabilities | 21, 27 | 3,851.9 | 3,393.9 | ||
Provisions | 22 | 98.3 | 95.6 | ||
Deferred tax liabilities | 8 | 379.9 | 367.2 | ||
Employee benefit obligations | 23 | 319.5 | 322.9 | ||
Other liabilities | 24 | 31.3 | 36.4 | ||
Non-current liabilities | 4,680.9 | 4,216.0 | |||
LIABILITIES | 6,506.0 | 6,304.0 | |||
Capital stock | 25 | 1.4 | 1.4 | ||
Treasury shares | 25 | -5.2 | -10.7 | ||
Reserves | 25 | 3,289.6 | 4,403.1 | ||
Equity attributable to Sika shareholders | 25 | 3,285.8 | 4,393.8 | ||
Non-controlling interests | 25 | 2.2 | 2.1 | ||
SHAREHOLDERS' EQUITY | 25 | 3,288.0 | 4,395.9 | ||
LIABILITIES AND SHAREHOLDERS' EQUITY | 9,794.0 | 10,699.9 | |||
SIKA ANNUAL REPORT 2021 | 189 |
Consolidated Financial Statements |
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Sika AG published this content on 18 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2022 05:00:03 UTC.
