ANNUAL REPORT 2008/09 - Sonova

More documents

Recommendations

Info

35. Events after balance sheet date There have been no material events after the balance sheet date. 36. List of signifi cant consolidated companies Company name Activity Domicile Share capital Local currency 1,000 Switzerland <strong>Sonova</strong> Holding AG A Stäfa CHF 3,312 110 CONSOLIDATED FINANCIAL STATEMENTS Shares held Phonak AG A, B, C, D Stäfa CHF 2,500 99.3 % Phonak Acoustic Implants SA D Lonay CHF 1,000 100 % Phonak Communications AG B, C, D Murten CHF 500 100 % Phonak Hearing Systems AG B Stäfa CHF 100 100 % Indomed AG A Zug CHF 1,000 100 % Indomed Hearing Systems GmbH B Stäfa CHF 20 100 % Europe (excluding Switzerland) Hansaton Akustische Geräte GmbH B Wals-Himmelreich (AT) EUR 450 100 % Phonak Belgium NV A, B Dilbeek (BE) EUR 15,311 100 % Ets. Lapperre BHAC NV B Groot-Bijgaarden (BE) EUR 124 100 % Phonak GmbH B Fellbach-Oeffi ngen (DE) EUR 25 100 % Unitron Hearing GmbH B Fellbach-Oeffi ngen (DE) EUR 41 100 % Phonak Danmark A/S B Frederiksberg (DK) DKK 17,300 100 % HIMSA A/S D Copenhagen (DK) DKK 1,000 25 % 1) Phonak Ibérica S.A.U. B Alicante (ES) EUR 7,000 100 % Phonak France SA B Bron-Lyon (FR) EUR 305 100 % Phonarium Szolgáltató Kft. B Budapest (HU) HUF 5,000 49 % 1) Phonak Italia Srl B Milan (IT) EUR 1,040 100 % TRE S.A. A Luxembourg (LU) EUR 31 100 % Phonak B.V. B Vianen (NL) EUR 227 100 % Unitron Hearing B.V. B Vianen (NL) EUR 18 100 % Phonak AS B Oslo (NO) NOK 900 100 % Unitron Hearing AS B Oslo (NO) NOK 100 100 % Phonak Polska Sp. Z o.o. B Warsaw (PL) PLN 100 100 % Phonak CIS Ltd. B Moscow (RU) RUB 4,000 100 % Phonak AB B Stockholm (SE) SEK 200 100 % Unitron Hearing AB B Stockholm (SE) SEK 100 100 % Phonak Isitme Cihazlari Pazarlama ve Ticaret AS B Istanbul (TR) TRY 500 60 % Phonak Group Ltd. B Warrington (UK) GBP 2,500 100 %
Company name Activity Domicile Share capital Local currency 1,000 Americas Shares held Phonak do Brasil – Sistemas Audiológicos Ltda. B Sao Paulo (BR) BRL 570 100 % National Hearing Services Inc. B Victoria (CA) CAD 7,500 100 % Phonak Canada Ltd. A, B Mississauga (CA) CAD 88,694 100 % Unitron Hearing Ltd. B, C, D Kitchener (CA) CAD 17,436 100 % Phonak Mexicana S.A. de C.V. B Mexico D.F. (MX) MXN 50 100 % Phonak LLC B Warrenville (US) USD 1,250 100 % Unitron Hearing, Inc. B Plymouth (US) USD 46,608 100 % Asia/Pacifi c Hearing Retail Group Pty. Ltd. B Sydney (AU) AUD 0 2) 100 % Phonak Pty. Ltd. B Baulkham Hills (AU) AUD 750 100 % Phonak (Shanghai) Co., Ltd. B Shanghai (CN) CNY 20,041 100 % Sichuan i-hear Co., Ltd. B Sichuan (CN) CNY 19,119 100 % Unitron Hearing (Suzhou) Co., Ltd. C Suzhou (CN) CNY 46,249 100 % Phonak India Pvt. Ltd. B Navi Mumbai (IN) INR 100 100 % Phonak Japan Co., Ltd. B Tokyo (JP) JPY 10,000 100 % Unitron Hearing Korea Co., Ltd. B Seoul (KR) KRW 200,000 37.5 % 1) Phonak New Zealand Ltd. B Auckland (NZ) NZD 250 100 % Indomed Singapore Pte Ltd. B Singapore (SGP) SGD 250 100 % Phonak Operation Center Vietnam Co., Ltd. C Binh Duong (VN) VND 8,796,000 100 % Rest of World Lukatit Investments 14 (Pty) Limited B Fourways North (ZA) ZAR 0 3) 100 % Activities: A Holding/Finance: The entity is a holding or fi nance company. B Sales: The entity performs sales and marketing activities. C Production: This entity performs manufacturing for the Group. D Research: This entity perfoms research and development activities for the Group. 1) Accounted for using the equity method. 2) AUD 100. 3) ZAR 400. CONSOLIDATED FINANCIAL STATEMENTS 111
Page 1 and 2:
ANNUAL REPORT 2008/09 PIONEERS IN H
Page 3 and 4:
AT A GLANCE Key Figures in 1,000 CH
Page 5 and 6:
CONTENT 2 CHAIRMAN’S FOREWORD 4 C
Page 7 and 8:
Andy Rihs and explain the advantage
Page 9 and 10:
Dr. Valentin Chapero Rueda systems
Page 12 and 13:
FINANCIAL YEAR 2008/09 SOLID GROWTH
Page 14 and 15:
espectively in local currencies. Fi
Page 16:
A hearing system helps children wit
Page 19 and 20:
Given the unchanged megatrends, Son
Page 21 and 22:
prehensive portfolio of hearing sys
Page 23:
Naída IX Nios micro iSense The wir
Page 26 and 27:
SUSTAINABILITY SUSTAINABLE COMMITME
Page 28 and 29:
Professional development: the key t
Page 30 and 31:
Sonova has a Group-wide set of supp
Page 32:
Phonak’s SoundRecover technology
Page 35 and 36:
Group structure Operational Group s
Page 37 and 38:
Shareholders Registered shareholder
Page 39 and 40:
The following overview shows the sh
Page 41 and 42:
Shareholders’ participation right
Page 43 and 44:
Heliane Canepa Member, non-executiv
Page 45 and 46:
Work methods of the Board of Direct
Page 47 and 48:
Paul Thompson GVP Corporate Develop
Page 49 and 50:
Alexander Zschokke GVP Marketing Ha
Page 51 and 52:
Auditors Duration of the mandate an
Page 53 and 54:
CORPORATE GOVERNANCE 49
Page 57 and 58:
CONTENT FINANCIAL REPORT 54 CFO’S
Page 59 and 60:
Innovation was and remains the most
Page 61 and 62:
Sonova Group consolidated cash fl o
Page 63 and 64: Reported performance 2007/08 2) Und
Page 65 and 66: Consolidated Balance Sheets Assets
Page 67 and 68: Consolidated Statements of Recogniz
Page 69 and 70: The Group is currently assessing th
Page 71 and 72: the carrying amount is increased or
Page 73 and 74: Leasing Assets that are held under
Page 75 and 76: Segment reporting A business segmen
Page 77 and 78: Held-to-maturity investments Held-t
Page 79 and 80: view to determining employee benefi
Page 81 and 82: 1,000 CHF 2007/08 Europe Americas A
Page 83 and 84: 8. Taxes 1,000 CHF 2008/09 2007/08
Page 85 and 86: Diluted earnings per share 2008/09
Page 87 and 88: The carrying amounts of trade accou
Page 89 and 90: Tangible assets (buildings, plant a
Page 91 and 92: 1,000 CHF 31.3.2008 Cost Goodwill S
Page 93 and 94: Earn-out provisions include the pre
Page 95 and 96: Market risk Exchange rate risk The
Page 97 and 98: 1,000 CHF 31.03.2008 Due less than
Page 99 and 100: 26. Movements in share capital Issu
Page 101 and 102: Assets and liabilities resulting fr
Page 103 and 104: 28. Related party transactions 1,00
Page 105 and 106: Amounts recognized in the income st
Page 107 and 108: 30. Employee share option and share
Page 109 and 110: Summary of outstanding and exercisa
Page 111 and 112: Share Purchase Plan (granted 2005,
Page 113: 34. Exchange rates The following ma
Page 117 and 118: Opinion In our opinion, the consoli
Page 119 and 120: Balance Sheets Assets 1,000 CHF Not
Page 121 and 122: 2.4 Risk assessment Sonova Holding
Page 123 and 124: in CHF 2007/08 Fixed fee Attendance
Page 125 and 126: Payments to former members of the B
Page 127 and 128: Shareholdings of the Management Boa
Page 129 and 130: Warrants EEAP 08 2) Options EEAP 07
Page 131 and 132: Company name Activity Domicile Shar
Page 133 and 134: Appropriation of Available Earnings
Page 135 and 136: Opinion In our opinion, the fi nanc
Page 137 and 138: Unitron Hearing B.V. Ir. D.S. Tuijn
Page 139 and 140: Disclaimer This report contains for
show all

ANNUAL REPORT 2008/09 - Sonova

Create successful ePaper yourself

Delete template?

Save as template?