Meyer Burger Investor Presentation
Consolidated balance sheet
amounts in CHF m
31.12.2021 31.12.2020 Movement
Assets
Cash and cash equivalents
231.4
139.7
91.7
Trade receivables and net receivables from construction contracts
16.3
19.4
-3.2
Other current receivables and prepaid expenses
45.8
39.5
6.3
Inventory
41.2
24.3
16.9
Total current assets
334.7
223.0
111.7
Financial assets and investment in associates
27.5
29.2
-1.7
Property, plant and equipment
Intangible assets and goodwill
Deferred tax assets
Total non-current assets
124.3
38.1
86.2
6.1
6.4
-0.4
0.2
0.2
158.1
73.8
0.0
84.2
492.7
296.8
195.9
Total assets
Liabilities and equity
Liabilities
Financial liabilities
0.0
0.1
-0.1
Trade payables and net payables from construction contracts
24.1
11.1
13.0
Customer prepayments
3.8
4.6
-0.7
Other liabilities, accrued expenses and provisions
18.2
18.5
-0.3
Total current liabilities
46.1
34.3
11.8
Financial liabilities
181.2
181.2
Other liabilities and provisions
1.7
1.5
0.3
Deferred tax liabilities
Total liabilities
Equity
2.3
1.3
1.0
Total non-current liabilities
185.2
2.7
182.4
231.3
37.0
194.3
Total equity
Total liabilities and equity
MEYER BURGER
261.4
259.8
1.7
492.7
296.8
195.9
Cash and cash equivalents
Main effects on cash include financing measures taken (capital
increase of CHF 80 million, green bond of EUR 145 million,
credit facility of up to EUR 125 million), operational results and
investments made into made into cell and module production
Trade working capital
Decrease in accounts receivable mainly driven by reduced
business volume under the old business model. Increase in
inventory and trade payables in line with planned ramp-up of the
two new facilities in Thalheim, Germany and Freiberg, Germany
Property, plant and equipment
Investments of CHF 95 million, net of subsidies, were made in
2021 in the new facilities
Financial assets
Financial assets now include the investment in Oxford PV after
elimination from the scope of consolidation
Financial liabilities
Financial liabilities increased with the new financing measures
Meyer Burger Technology AG, Presentation for Investors, Analysts and Media, March 24, 2022
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