Mercedes 2015 Annual Report Download - page 92

The balance sheet total increased compared with December
31, 2014 from €189.6 billion to €217.2 billion; adjusted for
the effects of currency translation, the increase amounted to
€23.2 billion. Daimler Financial Services accounts for €123.9
billion of the balance sheet total (2014: €105.5 billion); this is
equivalent to 57% of the Daimler Group’s total assets (2014:
56%).
The increase in total assets is primarily due to the growth of
the financial services business and higher inventories. On the
liabilities side of the balance sheet, there were increases in
particular in financing liabilities and shareholders’ equity. Cur-
rent assets account for 42% of the balance sheet total, which
is above the prior-year level of 41%. Current liabilities account
for 35% of the balance sheet total, as at the end of previous
year.
Intangible assets of €10.1 billion include €7.8 billion of capitalized
development costs (2014: €7.2 billion) and, as in the previous
year, €0.7 billion of goodwill. Mercedes-Benz Cars accounts for
73% (2014: 69%) and Daimler Trucks for 18% (2014: 22%) of the
develoment costs. Capitalized development costs amounted to
€1.8 billion (2014: €1.1 billion), and account for 27% of the
Group’s total research and development expenditure (2014: 20%)
E page 107.
Property, plant and equipment E page 95 rose to €24.3
billion (2014: €23.2 billion). In 2015, €5.1 billion was invested
worldwide (2014: €4.8 billion), in particular at our production
and assembly sites for new products and technologies and for
the expansion and modernization of production facilities.
The sites in Germany accounted for €3.3 billion of the capital
expenditure (2014: €3.1 billion).
Financial Position
B.34
Consolidated statement of financial position
Dec. 31,
2015
Dec. 31,
2014 15/14
In millions of euros % change
Assets
Intangible assets 10,069 9,367 +7
Property, plant and equipment 24,322 23,182 +5
Equipment on operating leases
and receivables from financial
services
112,456
94,729 +19
Equity-method investments 3,633 2,294 +58
Inventories 23,760 20,864 +14
Trade receivables 9,054 8,634 +5
Cash and cash equivalents 9,936 9,667 +3
Marketable debt securities 8,273 6,634 +25
Other financial assets 7,454 5,987 +25
Other assets 8,209 8,277 -1
Total assets 217,166 189,635 +15
Equity and liabilities
Equity 54,624 44,584 +23
Provisions 26,145 28,393 -8
Financing liabilities 101,142 86,689 +17
Trade payables 10,548 10,178 +4
Other financial liabilities 12,360 10,706 +15
Other liabilities 12,347 9,085 +36
Total equity and liabilities 217,166 189,635 +15
B | COMBINED MANAGEMENT REPORT | FINANCIAL POSITION 99