Status Report

Financial position

In 2022, total assets and liabilities of the Group increased by CHF 101 million to CHF 14,751 million compared to 2021. The amount of cash and cash equivalents increased by CHF 1,473 million to CHF 3,778 million. For details of changes in the balance sheet and cash flow statement, please refer to the consolidated financial statements.

Trade receivables amounting to CHF 5,291 million represent the most significant asset of the Kuehne+Nagel Group. The days of trade receivables outstanding increased to 51.0 days as of December 2022 compared to the previous year’s 49.2 days.

As of December 31, 2022, the equity of the Group increased by CHF 936 million to CHF 4,147 million compared to CHF 3,211 million as of December 31, 2021, which represents an equity ratio of 28.1 per cent (2021: 21.9 per cent).

Developments of other key financial indicators on capital structure are shown in the following table:

Kuehne+Nagel Group key figures on capital structure

Key figures on capital structure	2022	2021	2020	2019	2018
¹ Equity ratio (in per cent)*	28.1	21.9	24.5	23.6	29.5
² Return on equity (in per cent)	70.1	69.5	32.8	33.6	32.4
³ Debt ratio (in per cent)*	71.9	78.1	75.5	76.4	70.5
⁴ Short-term ratio of indebtedness (in per cent)*	52.9	56.8	53.9	50.1	61.9
⁵ Intensity of long-term indebtedness (in per cent)*	18.9	21.3	21.6	26.2	8.6
⁶ Fixed assets coverage ratio (in per cent)	144.8	127.5	119.1	106.0	107.4
⁷ Working capital (in CHF million)	2,148	1,365	727	275	208
⁸ Receivables terms (in days)**	51.0	49.2	50.5	52.5	54.2
⁹ Vendor terms (in days)**	60.1	53.2	66.6	63.7	61.5
¹⁰ Intensity of capital expenditure (in per cent)*	32.5	33.9	38.7	47.0	35.5

* Figures prior to 2019 have not been restated for the impact of IFRS 16 Leases.
** Calculation method has been changed as of 1.1.2021

Total equity in relation to total assets at the end of the year.
Net earnings for the year in relation to share capital plus reserves plus retained earnings as of January 1 of the current year minus dividend paid during the current year as of the date of distribution plus capital increase (incl. share premium) as of the date of payment.
Total liabilities minus equity in relation to total assets.
Short-term liabilities in relation to total assets.
Long-term liabilities in relation to total assets.
Total equity (including non-controlling interests) plus long-term liabilities in relation to non-current assets.
Total current assets minus current liabilities.
Turnover in relation to receivables outstanding at the end of the current year.
Expenses for services from third parties in relation to trade liabilities/accrued trade expenses at the end of the current year.
Non-current assets in relation to total assets.

Assets

CHF million

Liabilities and equity