This is Inter IKEA Group Performance How we do business Newsroom Shop at IKEA Inter IKEA Group Performance FY21 balance sheet Inter IKEA Group balance sheet The Inter IKEA Group balance sheet positions have not changed significantly compared to 31 August 2020. Receivables went up, liabilities went down, and the equity ratio increased from 45% to 47%, demonstrating financial strength. The consolidated balance sheet shows an overview of Inter IKEA Group’s assets, equity and what is due to suppliers, partners and other organisations. Note to reader: the included abbreviated financial statements are an abridged version of the consolidated financial statements of Inter IKEA Holding B.V. as included in the Annual Report for the financial year 2021. An unqualified auditor’s report dated 28 October 2021 was issued on these financial statements. Inter IKEA Holding B.V.’s consolidated financial statements, from which these abbreviated financial statements have been derived, have been prepared in accordance with Part 9 of Book 2 of the Dutch Civil Code. Intangible fixed assets In general terms, fixed assets are business property intended for long-term use. Intangible fixed assets are assets that lack physical form like patents, trademarks, copyrights, and other intellectual property. Intangible fixed assets form much of Inter IKEA Group’s overall assets. Most Inter IKEA Group intangible fixed assets are trademark rights and other intellectual property rights. Inter IKEA Group purchased these rights for EUR 11.8 billion in 2012. As a positive return is expected for a long period, these costs are spread over a period of 45 years. Tangible fixed assets Tangible fixed assets are things like real estate and equipment that you can physically touch and feel. Inter IKEA Group tangible fixed assets are mainly factories and distribution centres. A new distribution centre in Malaysia went operational in FY21. Inter IKEA Group owns several offices and distribution centres, the IKEA Delft store, the IKEA Hotell and IKEA Museum, and around 42 factories. Most of the factories are in Europe. The majority produce IKEA furniture, while two manufacture components, such as screws and wooden dowels used to assemble IKEA furniture. Inventories and receivables Inventories mostly consist of IKEA products in warehouses. Inventory levels went down in FY20 and remained low during FY21. Transport constraints in combination with high customer demand created a challenge to replenish inventory to a desired level. Receivables is money owed to the Inter IKEA Group by business partners. Most receivables relate to franchise fees and products sold and invoiced to IKEA franchisees. Group equity, provisions and liabilities Equity is the capital invested by shareholders of Inter IKEA Group plus accumulated profits over time. Equity increased by EUR 600 million during FY21. Of the EUR 1,433 million profit achieved during FY21, EUR 1,000 million will be distributed as a dividend to Interogo Holding AG, a holding company that is fully owned by the Interogo Foundation. The remaining EUR 433 million will be added to the Inter IKEA Group equity. Provisions are money set aside for pension commitments, deferred taxes and claims. Liabilities are money owed to others. Most Inter IKEA Group non-current liabilities, which are due over a long period of time, consist of a loan from Interogo Holding AG (a non-controlling shareholder). Current liabilities are short-term loans, money due to suppliers and the current portion of long-term loans from Interogo Holding AG. Inter IKEA Group FY21 year in review FY21 financial results This is Inter IKEA Group Our business in brief The IKEA franchise system Management structure About our owner Performance FY21 year in review FY21 balance sheet FY21 financial results Download financial reports How we do business IKEA culture and values Transparency and compliance Our Tax Principles Newsroom Contact us Other IKEA sites Shop at IKEA About IKEA IKEA Newsroom IKEA Museum IKEA Social Entrepreneurship © Inter IKEA Systems B.V. 1999 - 2020 Privacy Policy Cookie Policy Change Your Cookie Settings