ABB Group Results - Consolidated Balance Sheet

Year ended December 31

(US dollars in millions)

ASSETS 1996 1995
Current Assets
Cash and Marketable Securities 5,553 6,831
Trade receivables 6,152 6,254
Other current receivables 4,143 4,541
Inventories 5,311 4,642
Total Current Assets 21,159 22,268

Fixed Assets
Financing receivables 1,776 1,595
Shares and participations 441 452
Intangible assets 1,953 1,985
Construction in progress 192 248
Machinery and equipment 2,746 2,711
Land and buildings 2,629 2,817
Total Fixed Assets 9,737 9,808
Total Assets 30,896 32,076

LIABILITIES AND EQUITY
Current Liabilities
Trade Payables 4,457 4,681
Provisions 4,914 5,309
Other current liabilities 5,250 5,122
Short-term loans 2,526 2,190
Total Current Liabilities 17,147 17,302

Advances from Customers 2,610 3,576
Medium- and Long-term Loans 1,823 2,644
Pension Liabilities 2,024 2,062
Deferred Taxes 1,070 909
Minority Interests 347 340

Stockholders' Equity
Share capital 2,087 2,087
Restricted reserves 962 922
Other reserves and retained earnings 1,593 919
Net income 1,233 1,315
Total Stockholders' Equity 5,875 5,243
Total Liabilities and Equity 30,896 32,076

Note: Exchange rates used in the above balance sheets are year-end rates. For the Swiss franc, Swedish krona, German mark and the European Currency Unit, these rates are stated below:

Yearend 1996
Yearend 1995
USD 1.00 = SFr.: 1.35 1.15
USD 1.00 = SKr.: 6.89 6.67
USD 1.00 = DM: 1.55 1.43
USD 1.00 = ECU: 0.81 0.76



    •   Cancel
      • Twitter
      • Facebook
      • LinkedIn
      • Weibo
      • Print
      • Email
    •   Cancel

    Contact us

    • Mr. John Fox
      ABB Corporate Communications, Zurich
      Tel. +41 1 317 7371
      Fax. +41 1 317 7958
    • Ms. Ann-Sophie Joensson
      ABB Investor Relations, Zurich
      Tel. +41 1 317 7338
      Fax. +41 1 311 9817
    seitp222 c1257cd9004cb69cc12567310024e1cf