Accounting policy
Non-controlling interests in subsidiaries are measured at the proportionate share of the subsidiaries’ identifiable net assets.
|
|
2023 |
|
2022 |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Andre Pectin |
|
Yimante |
|
Anthea Aroma |
|
Other |
|
Total |
|
|
% of non-controlling interest |
|
25% |
|
25% |
|
50% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at 1 January |
|
46 |
|
47 |
|
- |
|
9 |
|
102 |
|
79 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes: |
|
|
|
|
|
|
|
|
|
|
|
|
- Share of profit/charged to income statement |
|
5 |
|
8 |
|
3 |
|
- |
|
16 |
|
15 |
- Acquisitions |
|
- |
|
- |
|
18 |
|
30 |
|
48 |
|
- |
- Divestments |
|
- |
|
- |
|
- |
|
(4) |
|
(4) |
|
(4) |
- Transfers |
|
- |
|
9 |
|
|
|
- |
|
9 |
|
11 |
- Capital payments |
|
- |
|
- |
|
- |
|
- |
|
- |
|
4 |
- Exchange differences |
|
(3) |
|
(3) |
|
- |
|
(3) |
|
(9) |
|
(3) |
Total changes |
|
2 |
|
14 |
|
21 |
|
23 |
|
60 |
|
23 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at 31 December |
|
48 |
|
61 |
|
21 |
|
32 |
|
162 |
|
102 |
The shareholding by dsm-firmenich in Yimante Health Ingredients (Jingzhou) Company Ltd. is 75%. The profit will be distributed in a 50:50 proportion. The impact of this arrangement has led to a transfer of €9 million (2022: €11 million) within equity from shareholders’ equity to non-controlling interest.
For acquisitions, see Note 3 Change in the scope of consolidation.
|
|
2023 |
|
2022 |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
Andre Pectin |
|
Yimante |
|
Anthea Aroma |
|
Other |
|
Total |
|
|
Assets |
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets |
|
42 |
|
20 |
|
- |
|
60 |
|
122 |
|
92 |
Property, plant and equipment |
|
38 |
|
127 |
|
23 |
|
87 |
|
275 |
|
310 |
Other non-current assets |
|
2 |
|
37 |
|
1 |
|
55 |
|
95 |
|
91 |
Inventories |
|
42 |
|
18 |
|
14 |
|
69 |
|
143 |
|
68 |
Receivables |
|
35 |
|
47 |
|
11 |
|
93 |
|
186 |
|
109 |
Current investments |
|
51 |
|
- |
|
- |
|
- |
|
51 |
|
44 |
Cash and cash equivalents |
|
1 |
|
7 |
|
13 |
|
82 |
|
103 |
|
41 |
Total assets |
|
211 |
|
256 |
|
62 |
|
446 |
|
975 |
|
755 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
Provisions (non-current) |
|
10 |
|
1 |
|
3 |
|
10 |
|
24 |
|
14 |
Borrowings (non-current) |
|
- |
|
- |
|
- |
|
95 |
|
95 |
|
167 |
Other non-current liabilities |
|
- |
|
1 |
|
- |
|
8 |
|
9 |
|
2 |
Borrowings and derivatives (current) |
|
- |
|
66 |
|
5 |
|
3 |
|
74 |
|
50 |
Other current liabilities |
|
8 |
|
21 |
|
12 |
|
118 |
|
159 |
|
112 |
Total liabilities |
|
18 |
|
89 |
|
20 |
|
234 |
|
361 |
|
345 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets (100% basis) |
|
193 |
|
167 |
|
42 |
|
212 |
|
614 |
|
410 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net sales |
|
95 |
|
219 |
|
42 |
|
264 |
|
620 |
|
159 |
Net profit for the year |
|
21 |
|
35 |
|
6 |
|
8 |
|
70 |
|
56 |
Cash provided by/(used in) operating activities |
|
15 |
|
55 |
|
10 |
|
74 |
|
154 |
|
91 |