Annual Report 2008 (PDF) - Schulthess Group
Annual Report 2008 (PDF) - Schulthess Group
Annual Report 2008 (PDF) - Schulthess Group
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Notes to the financial statements<br />
Holdings<br />
Company<br />
<strong>Schulthess</strong> <strong>Group</strong> 69<br />
Parent Company Notes Financial statements<br />
Nominal capital Percentage held<br />
<strong>2008</strong> 2007<br />
<strong>Schulthess</strong> Maschinen AG, CH-Bubikon CHF 1 500 000 100 % 100 %<br />
Merker AG, CH-Dällikon CHF 500 000 100 % 100 %<br />
Novelan AG, CH-Dällikon CHF 1 250 000 0 % 100 %<br />
<strong>Schulthess</strong> Maschinen GmbH, AT-Wien EUR 500 000 100 % 100 %<br />
Alpha-Innotec GmbH, DE-Kasendorf EUR 500 000 100 % 100 %<br />
Calmotherm AG, CH-Altishofen CHF 250 000 100 % 70 %<br />
Genvex A/S, DK-Haderslev DKK 2 000 000 100 % 100 %<br />
KKT Kraus Kälte- und Klimatechnik GmbH, DE-Lauf EUR 250 000 100 % 100 %<br />
Corona Solar GmbH, DE-Theley EUR 26 076 80 % 80 %<br />
All these companies are operating in Heating/Cooling and Washing Technology industries.<br />
Treasury shares<br />
in number of shares <strong>2008</strong> 2007<br />
Balance at 1 January 0 0<br />
Purchase of shares 170 308 55 540<br />
Sale of shares –37 308 – 55 540<br />
Balance at 31 December 133 000 0<br />
Average price of shares purchased, CHF 87.29 120.59<br />
Average price of shares sold, CHF 108.93 124.51<br />
Guarantees (in CHF 1 000)<br />
Guarantees to third parties in favour of subsidiaries 4 700 4 200<br />
The indispensable duty to take over the 20 % share of Corona Solar GmbH 1 530 1 260<br />
Significant shareholders<br />
in % <strong>2008</strong> 2007<br />
Rudolf Kägi 10.49 % 10.02 %<br />
Paul O. Rutz 10.46 % 10.49 %<br />
Susquehanna Ireland Ltd. 9.41 % –<br />
The Bank of New York 6.92 % –<br />
Andrea Malär 5.99 % 5.57 %<br />
JABCAP Multi Strategy Master Fund Ltd. 5.41 % –<br />
Jabre Capital Partners SA 4.95 % –<br />
Gabriele Rutz 3.70 % 3.66 %<br />
Chase Nominees Ltd. 3.50 % –<br />
Focus Capital Investors, LLC < 3.00 % 28.34 %<br />
Disclosure of remuneration to the Board of Directors and <strong>Group</strong> Management as required by Art.<br />
663b bis and Art. 663c, Swiss Code of Obligations<br />
See page 62, note 30.<br />
Assessment of risk as required by Art. 663b Ziffer 12, Swiss Code of Obligations<br />
See page 64, note 31.
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