Annual Report 2010 (PDF) - Schulthess Group

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Consolidated income statement in CHF 1 000 Note 2010 2009 Total Sales 301 791 339 525 Sales deductions -9 157 -9 566 Net Sales 5 292 634 329 959 Cost of material -121 231 -134 470 Change in inventories -4 142 -3 074 Personnel expenses -86 713 -92 628 Rent expenses 21 -3 881 -4 019 Administration expenses -5 305 -7 610 Advertising expenses -11 578 -13 447 Other operating expenses -25 366 -27 360 Other income 4 505 4 774 Operating profit before depreciation (EBITDA) 1) 38 923 52 125 Depreciation on property, plant and equipment 10 -9 098 -9 443 Amortisation of intangible assets 11 -3 647 -2 813 Operating profit (EBIT) 2) 26 178 39 869 Finance income 22 74 227 Finance expenses 23 -921 -856 Financial result - net -847 -629 Profit before income tax 25 331 39 240 Income tax expenses 18 -7 325 -9 198 Profit for the year 18 006 30 042 Attributable to: Equity holders of the parent company 18 006 30 042 Basic earnings per share (in CHF) 24 1.71 2.85 Diluted earnings per share (in CHF) 24 1.71 2.85 1) Profit before financial result, tax, depreciation and amortisation (EBITDA) 2) Profit before financial result and tax (EBIT) The notes on pages 44 to 73 are an integral part of these consolidated financial statements. 40 Schulthess Group Consolidated income statement
Statement of comprehensive income in CHF 1 000 31.12.2010 31.12.2009 Profit for the year 18 006 30 042 Other comprehensive income: Currency translation differences -13 724 –508 Other comprehensive income for the year -13 724 –508 Total comprehensive income for the year 4 282 29 534 Attributable to: Equity holders of the parent company 4 282 29 534 Consolidated statement of changes in equity in CHF 1 000 Note Share Share premium Treasury stock Retained earnings Currency translation Shareholder equity Balance at 1 January 2009 2 125 16 402 -10 452 154 516 -4 244 158 347 Total comprehensive income for the year 2009 30 042 -508 29 534 Transactions with treasury shares -4 624 8 300 0 3 676 Dividend payment 24 -15 843 -15 843 Balance at 31 December 2009 2 125 11 778 -2 152 168 715 -4 752 175 714 Balance at 1 January 2010 2 125 11 778 -2 152 168 715 -4 752 175 714 Total comprehensive income for the year 2010 18 006 -13 724 4 282 Transactions with treasury shares -148 -657 0 -805 Dividend payment 24 -15 856 -15 856 Balance at 31 December 2010 2 125 11 630 -2 809 170 865 -18 476 163 335 The notes on pages 44 to 73 are an integral part of these consolidated financial statements. Schulthess Group 41 Statement of comprehensive income and Consolidated statement of changes in equity
Page 1 and 2: Annual Report 2010
Page 3 and 4: Annual Report 2010 Contents Annual
Page 5 and 6: Financial figures for 2010 For the
Page 7 and 8: Max M. Müller CFO > Dr. Werner Kar
Page 9 and 10: pump dryer is the most energy effic
Page 11 and 12: Dr. Joachim Maul Head of R&D Alpha-
Page 13: Reduction of CO 2 by applications o
Page 17: Solar heat Solar thermal power can
Page 21: Ventilation and heat recovery syste
Page 24 and 25: Corporate Governance Schulthess Gro
Page 26 and 27: 2. Capital structure 2.1 Capital Th
Page 28 and 29: 3. Board of Directors As of 31 Dece
Page 30 and 31: Independence of non-executive Direc
Page 32 and 33: The Board of Directors has explicit
Page 34 and 35: 5. Compensation, shareholdings and
Page 36 and 37: 6.3 Convocation to the Shareholders
Page 38 and 39: 10. Financial calendar Media and an
Page 42 and 43: Consolidated balance sheet in CHF 1
Page 44 and 45: Notes Notes to the consolidated fin
Page 46 and 47: Foreign currency transactions are t
Page 48 and 49: 2.15 Financial liabilities and loan
Page 50 and 51: 3. Financial risk management 3.1 Fi
Page 52 and 53: 3.6 Capital risk When managing its
Page 54 and 55: 5. Segment Information 5.1 Income S
Page 56 and 57: 6. Cash and cash equivalents in CHF
Page 58 and 59: 10. Property, plant and equipment i
Page 60 and 61: Impairment test The impairment test
Page 62 and 63: 16. Leasing-liabilities Leasing-lia
Page 64 and 65: 18. Income tax in CHF 1000 2010 200
Page 66 and 67: 19.6. Weighted actuarial assumption
Page 68 and 69: 21. Personnel expenses in CHF 1000
Page 70 and 71: 22. Finance income in CHF 1000 2010
Page 72 and 73: 28. Disclosure of remuneration to t
Page 74 and 75: Report of the statutory auditor to
Page 77 and 78: Financial statements Schulthess Gro
Page 79 and 80: Notes to the financial statements H
Page 81 and 82: Report of the statutory auditor to
Page 83 and 84: Milestones 2010 Dislocation of KKT
Page 85: Erdwärme plus GmbH Bahnhofstrasse

Annual Report 2010 (PDF) - Schulthess Group

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