HUGO BOSS continued to have a stable balance sheet structure in fiscal year 2007. Total assets increased in line with sales by EUR 96 million or 10% to EUR 1,039 million (2006: EUR 943 million).
Property, plant and equipment and intangible assets declined slightly as a proportion of total assets, to 33% (December 31, 2006: 36%). Inventory amounted to 34% of total assets (December 31, 2006: 31%).
Provisions and deferred taxes remained unchanged at 9% (December 31, 2006: 9%) of total equity and liabilities. Other liabilites also remained unchanged at 39% (December 31, 2006: 39%).
The HUGO BOSS Group uses off-balance sheet financial instruments to a limited extent. These instruments primarily concern leases related to logistic and administration buildings as well as to own retail stores and shops. Please refer to the notes for further information. There is no use of other off-balance sheet financial instruments.
Balance sheet structure
As of the balance sheet date December 31, 2007, equity of the HUGO BOSS Group amounted to EUR 546 million (December 31, 2006: EUR 494 million). The ratio of equity to total assets rose to 53% (December 31, 2006: 52%).
The balance of cash at banks and due to banks increased by EUR 57 million to EUR 174 million as of December 31, 2007 (December 31, 2006: EUR 117 million).
|
Key Financial Indicators |
Download | |||||||
|
|
|
|
|
| ||||
|
|
|
|
2007 |
2006 | ||||
|
Equity-to-assets ratio in % |
= |
Shareholders’ equity |
52.6 |
52.4 | ||||
|
Total assets |
||||||||
|
Debt-to-equtiy ratio in % |
= |
Liabilities |
90.2 |
90.8 | ||||
|
Equity |
||||||||
|
Net-debt-to-EBITDA ratio in % |
= |
Net debt |
0.6 |
0.5 | ||||
|
EBITDA |
||||||||
|
Interest cover |
= |
EBITDA |
36.5 |
47.7 | ||||
|
Net interest expenses |
||||||||
|
Return on equity in % |
= |
Net income |
29.2 |
26.2 | ||||
|
Ø Shareholders’ equity |
||||||||
|
Capital expenditure (EUR million) |
|
|
84.7 |
98.5 | ||||
|
Total assets (EUR million) |
|
|
1,039.3 |
943.1 | ||||