ANNUAL REPORT 2008/09 - Sonova

Movements in deferred taxes 1,000 CHF 2008/09 2007/08 1)
Changes through business combinations (6,204) (937)
Deferred taxes recognized in the income statement 2,800 18,106
Deferred taxes recognized in equity 3,116 (129)
Exchange diff erences 782 (4,415)
Total changes in deferred taxes 494 12,625
1) Restated as a result of initial application of IFRIC 14, for details refer to Note 2.
The gross values of unused tax loss carryforwards, which have not been capitalized as deferred tax assets,
with their expiry dates are as follows:
1,000 CHF 31.3.2009 31.3.2008
Within 1 – 3 years 14,759 8,421
Within 4 years 3,453 3,720
Within 5 years 3,957 770
More than 5 years 48,916 12,189
Total 71,085 25,100
9. Earnings per share
Basic earnings per share are calculated by dividing the income after taxes attributable to the ordinary
equity holders of the parent company by the weighted average number of shares outstanding during
the year.
Basic earnings per share 2008/09 2007/08
Income after taxes (1,000 CHF) 284,816 273,349
Weighted average number of outstanding shares 65,505,504 66,886,784
Basic earnings per share (CHF) 4.348 4.087
In the case of diluted earnings per share, the weighted average number of shares outstanding is adjusted
assuming all outstanding dilutive options will be exercised. The weighted average number of shares
is adjusted for all dilutive options issued under the stock option plans which have been granted in 2003
through to 2009 and which have not yet been exercised. Anti-dilutive options have not been considered.
The calculation of diluted earnings per share is based on the same income after taxes for the period
as is used in calculating basic earnings per share.
80 CONSOLIDATED FINANCIAL STATEMENTS