Consolidated financial statements 2023 of the Kuehne+Nagel Group

Balance sheet

CHF million Note Dec. 31, 2023 Dec. 31, 2022
Assets    
Property, plant and equipment 14 762 739
Right-of-use assets 15 1,534 1,418
Goodwill 16 2,034 2,199
Other intangibles 16 121 180
Investments in joint ventures and associates   28 37
Deferred tax assets 12 175 220
Non-current assets   4,654 4,793
Prepayments   130 112
Contract assets 17 267 540
Trade receivables 17 3,634 5,291
Other receivables 18 161 215
Income tax receivables   114 22
Cash and cash equivalents 19 2,011 3,778
Current assets   6,317 9,958
Total assets   10,971 14,751
CHF million Note Dec. 31, 2023 Dec. 31, 2022
Liabilities and equity    
Share capital 20 121 121
Reserves and retained earnings   1,601 1,375
Earnings   1,431 2,644
Equity attributable to the equity holders of the parent company   3,153 4,140
Non-controlling interests   6 7
Equity   3,159 4,147
Provisions for pension plans and severance payments 21 270 252
Deferred tax liabilities 12 88 98
Borrowings 23 200 200
Non-current provisions 24 54 59
Other non-current liabilities 26 830 1,159
Non-current lease liabilities 15 1,128 1,026
Non-current liabilities   2,570 2,794
Bank and other interest-bearing liabilities 23 3 8
Trade payables 25 2,012 2,731
Contract liabilities 25 154 280
Accrued trade expenses 25 1,072 1,976
Income tax liabilities   244 493
Current provisions 24 108 118
Other current liabilities 27 1,162 1,738
Current lease liabilities 15 487 466
Current liabilities   5,242 7,810
Total liabilities and equity   10,971 14,751