Net Assets

Total assets amounted to €97,030 million as of September 30, 2022, €9,648 million higher than the 2021 year-end figure.

Noncurrent assets rose by €2,263 million. Property, plant and equipment increased by €1,416 million, mainly due to currency effects. Moreover, additions to property, plant and equipment were €345 million higher than depreciation. The increase in intangible assets was also primarily attributable to currency effects. These were partially offset by higher amortization, which exceeded additions by €409 million. Other receivables and miscellaneous assets were up €1,174 million from the figure as of December 31, 2021, mainly as a result of higher defined benefit assets and higher fair values of derivatives. The carrying amounts of non-integral share­holdings accounted for using the equity method as of September 30, 2022, were €532 million higher than at the end of the previous year, largely due to currency effects at Wintershall Dea. Integral shareholdings accounted for using the equity method rose by €407 million, primarily from the addition of the remaining interest in the Hollandse Kust Zuid wind farm following the partial divestiture. This was offset by a €1,830 million decrease in deferred tax assets compared with the 2021 year-end, mainly due to lower pension provisions.

Current assets rose by €7,384 million to €42,435 million. This mainly reflected higher inventories as a result of higher raw materials prices and the sales-driven increase in trade accounts receivable. Other current receivables and miscellaneous assets rose by €1,799 million, primarily due to higher precious metal trading items and higher positive fair values of derivatives. Cash and cash equivalents were €559 million above the prior year-end figure. The €840 million decrease in assets of disposal groups resulted from the divestiture of the kaolin minerals business as of September 30, 2022, and the partial disposal of the shareholding in the Hollandse Kust Zuid wind farm in the second quarter of 2022.