Chapters
Annual Report 2019

Consolidated Balance Sheet

in thousands of EUR

Notes

31 December 2019

31 December 2018

ASSETS

Property, plant and equipment

11

532,690

516,782

Right-of-use assets

12

1,442,954

-

Goodwill

13

1,146,028

1,052,282

Other intangible assets

14

415,121

563,267

Deferred income tax assets

10

61,822

46,706

Investments in Associates and Joint Ventures

1,012

1,091

Non-current receivables

16

83,544

38,656

Other non-current assets

17

-

10,451

Non-current assets

3,683,171

2,229,235

Inventories

15

356,259

330,502

Trade and other receivables

16

275,618

253,933

Other current assets

17

32,605

49,800

Current income tax receivables

10

31,759

8,944

Derivatives

24

1,581

3,459

Cash and cash equivalents

18

162,899

138,257

Current assets

860,721

784,895

Total assets

4,543,892

3,014,130

EQUITY AND LIABILITIES

Share capital

19

5,089

5,089

Share premium

19

72,580

69,455

Treasury shares

19

- 16,235

- 14,068

Other reserves

20

- 167,622

- 157,048

Retained earnings

21

1,283,340

1,259,026

Equity attributable to equity holders

1,177,152

1,162,454

Non-controlling interests

22

87,109

90,011

Total equity

1,264,261

1,252,465

Borrowings

23

385,817

362,492

Lease liabilities

12

1,037,293

461

Deferred income tax liabilities

10

42,969

71,547

Post-employment benefits

25

136,112

96,199

Provisions

27

18,193

17,003

Derivatives

24

7,935

2,605

Other non-current liabilities

28

21,637

6,294

Contract liabilities

6

8,641

7,776

Non-current liabilities

1,658,597

564,377

Borrowings

23

517,330

514,851

Lease liabilities

12

373,278

411

Current income tax liabilities

10

40,705

40,389

Provisions

27

24,034

16,841

Derivatives

24

6,106

4,144

Trade and other payables

29

569,628

542,978

Contract liabilities

6

89,953

77,674

Current liabilities

1,621,034

1,197,288

Total liabilities

3,279,631

1,761,665

Total equity and liabilities

4,543,892

3,014,130

GrandVision has applied IFRS 16 at 1 January 2019, using the modified retrospective approach. Under this approach, comparative information is not restated and the cumulative effect of applying IFRS 16 is recognized in retained earnings. The accompanying notes are an integral part of these consolidated financial statements.