LensCrafters 2015 Annual Report Download - page 16

Management Report as of December 31, 2015 Page 12 of 35
Consolidated statement of financial position
(in thousands of Euro) As of December 31
ASSETS 2015 2014
CURRENT ASSETS:
Cash and cash equivalents 864,852 1,453,587
Accounts receivable—net 858,053 754,306
Inventories—net 833,272 728,404
Other assets 272,932
231,397
Total current assets 2,829,109 3,167,695
NON-CURRENT ASSETS:
Property, plant and equipment—net 1,435,524 1,317,617
Goodwill 3,596,983 3,351,263
Intangible assets—net 1,442,148 1,384,501
Investments 65,378 61,176
Other assets 105,574 123,848
Deferred tax assets 174,433
188,199
Total non-current assets 6,820,040
6,426,603
TOTAL ASSETS 9,649,148
9,594,297
As of December 31
LIABILITIES AND STOCKHOLDERS’ EQUITY 2015 2014
CURRENT LIABILITIES:
Short term borrowings 110,450 151,303
Current portion of long-term debt 44,882 626,788
Accounts payable 927,186 744,272
Income taxes payable 34,179 42,603
Short term provisions for risks and other charges 118,779 187,719
Other liabilities 671,424
636,055
Total current liabilities 1,906,900 2,388,740
NON-CURRENT LIABILITIES:
Long-term debt 1,715,104 1,688,415
Employee benefits 136,200 138,475
Deferred tax liabilities 277,327 266,896
Long term provisions for risks and other charges 104,508 99,223
Other liabilities 91,391
83,770
Total non-current liabilities 2,324,529 2,276,778
STOCKHOLDERS’ EQUITY:
Luxottica Group stockholders’ equity 5,412,524 4,921,479
Non-controlling interests 5,196
7,300
Total stockholders’ equity 5,417,719
4,928,779
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 9,649,148
9,594,297
As of December 31, 2015, total assets increased by Euro 54.8 million to Euro 9,649.1 million, compared to
Euro 9,594.3 million as of December 31, 2014 as a result of an increase in non-current assets of Euro 393.4 million partially
offset by a decrease in current assets of Euro 338.6 million.
The decrease in current assets of Euro 338.6 was due to a decrease in cash and cash equivalents of Euro 588,7 mainly due to
the repayment of financial liabilities as described in prior paragraph. This effect in partially offset by the following: (i)
increase in trade payables (Euro 103.7 million) mainly due to the increase in sales during 2015; (ii) increase in inventory
(Euro 104.9 million) aimed at improving the quality of the customer experience by having inventory levels in line with