PDF (2.63 MB) - Geberit International AG

Financial Statements
86 Geberit AG
31.12. 2004 31.12. 2003
Balance Sheets MCHF MCHF
Current assets
Cash and cash equivalents 0.5 1.7
Accounts receivable:
– Third parties 1.5 1.9
– Group companies 25.5 1.5
Total current assets 27.5 5.1
Non-current assets
Investments 878.5 696.6
Intangible assets:
– Incorporation, capital increase and organisation costs 1.5
– Financing costs convertible bond 3.3
Total non-current assets 881.8 698.1
Total assets 909.3 703.2
Current liabilities
– Bank 1.2
– Third parties 1.6 0.8
– Group companies 0.9 3.9
Total current liabilities 2.5 5.9
Long-term liability: Convertible bond 170.0
Shareholders’ equity
Capital stock 4.2 4.2
Legal reserves:
– General reserve 0.8 8.3
– Reserve for treasury shares 43.2 29.2
Free reserves 568.7 545.2
Retained earnings 119.9 110.4
Total shareholders’ equity 736.8 697.3
Total liabilities and shareholders' equity 909.3 703.2
2004 2003
Income Statements MCHF MCHF
Income
Dividends from subsidiaries 110.0 100.0
Financial income 4.8 2.5
Other operating income 0.2 0.3
Total income 115.0 102.8
Expenses
Administrative expenses 3.1 5.7
Financial expenses 1.7 0.2
Total expenses 4.8 5.9
Net income 110.2 96.9