Annual Report 2019/20 of the ZEISS Group
ANNUAL REPORT 2019/20 ZEISS Group Key Figures (IFRS) 2019/20 2018/19 2017/18 € m % € m % € m % Revenue 6,297 100 6,428 100 5,817 100 » Germany 598 9 663 10 610 10 » Other countries 5,699 91 5,765 90 5,207 90 Research and development expenses 812 13 705 11 642 11 EBIT 922 15 1,063 17 772 13 Consolidated profit 616 10 748 12 535 9 Cash flows from operating activities 783 770 576 Cash flow from investing activities -339 -635 -334 Cash flow from financing activities -313 -234 -89 30 Sep 20 30 Sep 19 30 Sep 18 € m % € m % € m % Total assets 9,171 100 9,142 100 7,903 100 Property, plant and equipment 1,623 18 1,466 16 1,028 13 » Capital expenditures 484 437 244 » Depreciation 256 234 164 Inventories 1,736 19 1,622 18 1,391 18 Equity 4,287 47 3,990 44 3,763 48 Net liquidity 1,531 1,548 2,120 30 Sep 20 30 Sep 19 30 Sep 18 Employees 32,201 31,260 29,309 » Germany 13,692 13,310 12,067 » Other countries 18,509 17,950 17,242 For more information, go to: www.zeiss.com/annualreport Table of Contents Fiscal Year 2019/20 Key Figures 2 Executive Board of Carl Zeiss AG 4 Foreword by the Executive Board 6 Solutions to Shape the Future 8 At Home across the Globe 9 A Global Strategy to Beat a Global Pandemic 10 Highlights from Fiscal Year 2019/20 12 Sustainable Development 14 Carl Zeiss Foundation 16 Corporate Governance 16 Report by the Supervisory Board 17 Supervisory Board of Carl Zeiss AG 20 Group Management Report The ZEISS Group 22 Report on Economic Position 24 Non-Financial Key Performance Indicators 34 Risk and Opportunity Report 37 Report on Expected Developments 42 Consolidated Financial Statements Consolidated Income Statement 46 Consolidated Statement of Comprehensive Income 46 Consolidated Statement of Financial Position 47 Consolidated Statement of Changes in Equity 48 Consolidated Statement of Cash Flows 49 Notes to the Consolidated Financial Statements 50 List of Shareholdings of the Group 101 Independent Auditor’s Report 107 Legal Information/Disclaimer 111 Executive Board of Carl Zeiss AG Dr.
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