Assets


Assets.

 

€m

 

June 30, 2008

September 30, 2007

Assets

 

 

Non-current assets

552

534

Current assets

746

691

Total assets

1,298

1,225

 

 

 

Equity and Liabilities

 

 

Equity (incl. minority interest)

244

278

Non-current liabilities

286

222

Current liabilities

768

725

Total equity and liabilities

1,298

1,225

Compared to September 30, 2007, the balance sheet total rose by €73 million or 6% to €1,298 million. As regards total assets, the increase was mainly attributable to higher trade receivables and other current assets. The increase in total equity and liabilities was due chiefly to more expansive non-current financial liabilities as well as higher current trade payables, together with a decline in equity.

With profit for the period of €93 million, equity at the end of the period under review was down €34 million in particular as a result of the dividend payment of €88 million and the further buy-back of own shares worth €44 million. Non-current financial liabilities rose to €224 million (September 30, 2007: €170 million) at the end of the reporting period, mainly due to the further utilization of the revolving facility amounting to €55 million. Current trade payables as of June 30, 2008, were up €74 million to €308 million (September 30, 2007: €234 million).

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