Net Assets

WACKER’s total assets were 9 percent lower compared with December 31, 2018. Declining by €627.7 million, they amounted to €6.49 billion as of December 31, 2019 (Dec. 31, 2018: €7.12 billion). The largest changes related to property, plant and equipment, which was impacted by an impairment charge of €760.0 million on WACKER POLYSILICON’s fixed assets. On the equity and liabilities side, provisions for pensions increased due to lower discount rates. These two factors led to a substantial decline in equity.

Asset and Capital Structure