Assets.

At the end of fiscal 2015/2015, the Group's balance sheet total stood at €1,675 million, up €168 million on the corresponding figure for the previous year (2014/2015: €1,507 million).

Assets.

 

€ million

 

Sept. 30, 2016

Sept. 30, 2015

Assets

 

 

Intangible assets

375

354

Property, plant, and equipment and financial assets

129

124

Non-current receivables and other assets

97

97

Non-current assets

601

575

Inventories

340

327

Current receivables and other assets

649

567

Cash and cash equivalents

85

38

Current assets

1,074

932

Total assets

1,675

1,507

 

 

 

Equity and liabilities

 

 

Equity (incl. non-controlling interests)

441

391

Pension accruals and other accruals

105

101

Financial liabilities

2

66

Financial liabilities to affiliated companies

58

0

Other non-current liabilities

72

30

Non-current liabilities

237

197

Other accruals

176

171

Financial liabilities

76

112

Trade payables

344

338

Other current liabilities

401

298

Current liabilities

997

919

Total equity and liabilities

1,675

1,507

At €375 million (2014/2015: €354 million), the carrying amount of intangible assets was up €21 million on the prior-year figure. This increase was mainly due to €14 million in goodwill attributable to acquisitions (2014/2015: €0 million).

The carrying amount of property, plant, and equipment was €4 million lower at €117 million (2014/2015: €121 million). While investments in property, plant, and equipment amounted to €37 million (2014/2015: €39 million), depreciation in this area totaled €46 million. The main focus of capital expenditure was on IT equipment and specialist tools. Financial assets were recognized at €12 million, a year-on-year increase of €9 million (2014/2015: €3 million) that was mainly due to a rise by €7 million to €9 million in the carrying amounts of investments accounted for using the equity method (2014/2015: €2 million).

The carrying amount of non-current receivables and other assets stood at €97 million (2014/2015: €97 million).

Turning to current assets, inventories increased by €13 million year on year to €340 million (2014/2015: €327 million). Current receivables and other assets finished the year €82 million higher at €649 million (2014/2015: €567 million). The main factor here was an increase of €58 million to €65 million in receivables from companies in which Wincor Nixdorf AG holds a long-term equity investment (2014/2015: €7 million); this was due to the first-time inclusion of receivables from companies that are no longer fully consolidated. The year-end accounts also include other receivables of €37 million from the disposal of companies that were previously fully consolidated. Cash and cash equivalents increased by €47 million to €85 million (2014/2015: €38 million), primarily as a result of cash inflows from the disposal of interests in Group companies.

Equity, including non-controlling interests, rose by €50 million to €441 million in total (2014/2015: €391 million). One element of this increase was profit for the period of €101 million (2014/2015: €8 million), although the total figure was diluted by €37 million (2014/2015: €0 million) after factoring in equity instruments linked to the disposal and acquisition of interests in Group companies. Further details of equity movements are presented in the table entitled Changes in Group Equity.

Non-current liabilities rose by €40 million to €237 million (2014/2015: €197 million) in the period under review. Non-current financial liabilities ended the year down €64 million at €2 million (2014/2015: €66 million) due to the classification – for the first time – of a loan from the European Investment Bank as current. Additionally, liabilities in connection with a revolving credit line of €58 million (2014/2015: €0 million) were recognized for the first time. By contrast, other non-current liabilities rose by €42 million to €72 million (2014/2015: €30 million), mainly due to the first-time recognition of equity instruments linked to the disposal and acquisition of interests in Group companies.

On August 8, 2016, under the terms of the business combination with Diebold Inc., an agreement was concluded with Diebold Self-Service Solutions S.A.R.L. (hereinafter referred to as "Diebold S.A.R.L.") covering a revolving credit line of €300 million up to August 8, 2021. This loan replaces the revolving credit facility of €300 million with banks that was cancelled by the joint borrowers Wincor Nixdorf AG and WINCOR NIXDORF International GmbH at the end of August 2016.

Previously, on December 18, 2013, Wincor Nixdorf AG and WINCOR NIXDORF International GmbH had taken out an additional loan of €100,000k from the European Investment Bank. As regards this loan, repayments totaling €20,000k were made during the fiscal year under review. The amount still outstanding at the year-end was €65,000k. At the end of the period under review, bank liabilities of €65,000k had a residual term of up to one year, since it is expected that the EIB loan will be repaid before expiry in spring 2017.

Current liabilities rose by €78 million to €997 million (2014/2015: €919 million). In this context, other current accruals (i.e., provisions) rose by €5 million to €176 million (2014/2015: €171 million), primarily as a result of higher accruals related to personnel issues. From the present perspective, the accruals recognized by the Group sufficiently cover all of its probable obligations. Current financial liabilities fell by €36 million to €76 million (2014/2015: €112 million), primarily due to the repayment of bank overdrafts.

By contrast, other current liabilities rose by €103 million year on year to €401 million (2014/2015: €298 million). This was attributable mainly to the increase in other liabilities by €77 million to €312 million (2014/2015: €235 million) on account of higher employee bonuses in connection with profit-share programs as well as obligations from stock option plans recognized as liabilities for the first time. In the past, all stock option plans had been classified and accounted for as share‑based payment transactions. Due to the implementation of provisions set out in the business combination agreement with Diebold Inc. – after the minimum requirements of the offer made by Diebold Inc. to Wincor Nixdorf AG shareholders had been met in the third quarter of fiscal 2015/2016 –, the item in question was reclassified as an obligation to settle in cash.