Net Assets

Total assets rose by €6,600 million compared with year-end 2021 to €93,983 million.

Noncurrent assets declined by €1,076 million compared with December 31, 2021, to €51,256 million, mainly due to the lower carrying amount of the non-integral shareholding in Wintershall Dea, which is accounted for using the equity method.

Both property, plant and equipment and intangible assets were slightly above the prior year-end level, largely owing to positive currency effects in the total amount of €460 million. For both items, these were reduced by depreciation and amortization, which exceeded additions.

Other receivables and miscellaneous assets rose by €89 million, primarily due to the increase in defined benefit assets.

The €7,676 million increase in current assets compared with December 31, 2021, was mainly attributable to higher trade accounts receivable. These rose by €3,406 million, due in particular to seasonal effects in the Agricultural Solutions segment. Other receivables and miscellaneous assets rose by €1,354 million to €6,922 million, primarily as a result of the increase in precious metal trading items. The €979 million increase in inventories was largely attributable to higher prices for raw materials.

At €4,494 million, cash and cash equivalents were €1,870 million above the prior year-end figure.

Assets of disposal groups amounted to €906 million as of March 31, 2022, and included the assets of the shareholding in the Hollandse Kust Zuid wind farm, part of which was sold to Allianz Capital Partners as of April 12, 2022, and the kaolin minerals business, which is held for sale.