Inter IKEA Group balance sheet

Consolidated balance sheet

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, such as patents, trademarks, copyrights and other intellectual property.

Most Inter IKEA Group intangible fixed assets are trademark rights and other intellectual property rights. Inter IKEA Group purchased these rights in 2012. The purchase price of EUR 11.8 billion is amortised over 45 years since a positive return is expected for a long period. 

Tangible fixed assets

Tangible fixed assets include objects like real estate and equipment that you can physically touch and feel. Inter IKEA Group tangible fixed assets are mainly factories and distribution centres.

Inter IKEA Group owns several offices, distribution centres, IKEA customer meeting points, the IKEA Hotell, the IKEA Museum and around 35 factories. Most of the factories are located in Europe. The majority produce IKEA furniture, while two manufacture components, such as screws and wooden dowels, used to assemble IKEA furniture.

The acquisitions of IKEA Retail Baltics as well as the forest assets in FY25 resulted in additions primarily to tangible and intangible fixed assets.

Inventories and receivables

Inventories mostly consist of IKEA products located in, or in transit to, warehouses, distribution centres and IKEA sales locations. Inventory at the end of FY24 was particularly low as transport constraints posed a challenge in replenishing inventory to the desired level.

During FY25, the Group increased its inventory levels, securing a better availability of products for our customers. This has had an adverse effect on our cash flow in FY25 and results in a lower cash position at the end of the year.

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 decreased by EUR 0.4 billion during FY25, while our equity ratio remains unchanged at 85%.

A total dividend of EUR 1.4 billion will be distributed to our shareholder, Inter IKEA Foundation, of which EUR 0.8 billion was paid as an interim dividend during FY25. The dividend is primarily funded from the EUR 1.5 billion net profit realised during the year.

Provisions are money set aside for pension commitments, deferred taxes, legal disputes and product related claims. Liabilities are money owed to others. Non-current liabilities are long-term loans payable to third parties. Current liabilities are short-term loans, money due to suppliers and tax payables.