LensCrafters 2013 Annual Report Download - page 19

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OUR CONSOLIDATED STATEMENT OF FINANCIAL POSITION
ASSETS
(Amounts in thousands of Euro)
December 31, 2013 December 31, 2012
CURRENT ASSETS:
Cash and cash equivalents 617,995 790,093
Accounts receivable—net 680,296 698,755
Inventories—net 698,950 728,767
Other assets 238,761 209,250
Total current assets 2,236,002 2,426,866
NON-CURRENT ASSETS:
Property, plant and equipment—net 1,183,236 1,192,394
Goodwill 3,045,216 3,148,770
Intangible assets—net 1,261,137 1,345,688
Investments 58,108 11,745
Other assets 126,583 147,036
Deferred tax assets 172,623 169,662
Total non-current assets 5,846,903 6,015,294
TOTAL ASSETS 8,082,905 8,442,160
LIABILITIES AND STOCKHOLDERS’ EQUITY
December
31
, 2013
December
31, 2012
CURRENT LIABILITIES:
Short term borrowings 44,921 90,284
Current portion of long-term debt 318,100 310,072
Accounts payable 681,151 682,588
Income taxes payable 9,477 66,350
Short term provisions for risks and other charges 123,688 66,032
Other liabilities 523,050
589,658
Total current liabilities 1,700,386 1,804,984
NON-CURRENT LIABILITIES:
Long-term debt 1,716,410 2,052,107
Employee benefits 76,399 191,710
Deferred tax liabilities 268,078 227,806
Long term provisions for risks and other charges 97,544 119,612
Other liabilities 74,151
52,702
Total non-current liabilities 2,232,583 2,643,936
STOCKHOLDERS’ EQUITY:
Luxottica Group stockholders’ equity 4,142,828 3,981,372
Non-controlling interests 7,107
11,868
Total stockholders’ equity 4,149,936
3,933,240
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 8,082,905
8,442,160
As of December 31, 2013, total assets decreased by Euro 359.3 million to Euro 8,082.9 million, compared to
Euro 8,442.2 million as of December 31, 2012.
In 2013, non-current assets decreased by Euro 168.4 million, due to decreases in property, plant and equipment of
Euro 9.2 million, in intangible assets (including goodwill) of Euro 188.1 million, other assets of Euro 20.5 million, partially
offset by increases in investments of Euro 46.4 million and deferred tax assets of Euro 3.0 million.
The decrease in property, plant and equipment was due to the negative currency fluctuation effects of
Euro 53.8 million, the depreciation and the disposals for the period of Euro 212.8 million and Euro 15.3 million, respectively,
and was partially offset by the additions of Euro 274.1 million.