WACKER’s total assets were 7 percent higher compared with December 31, 2019. Climbing €459.5 million, they amounted to €6.95 billion as of December 31, 2020 (Dec. 31, 2019: €6.49 billion). The biggest changes related to liquidity. Due to higher cash inflows from operating activities and to additional bank loans raised, WACKER recognized liquid assets of €1.34 billion as of December 31, 2020. In December 2020, WACKER accepted an offer from GlobalWafers Co. Ltd., Taiwan, to transfer WACKER’s remaining shares in Siltronic to GlobalWafers in the event the latter’s takeover bid for the company is successful. For this reason, we reclassified this equity-accounted investment to assets held for sale. On the equity and liabilities side, provisions for pensions increased due to lower discount rates. This caused a marked drop in equity.