We make our customers successful. - Oerlikon Barmag

Balance sheet (EUR 000) 31.12.03 31.12.02 31.12.01 31.12.00 31.12.99
Assets
Liquid assets 109 786 100 687 133 998 86 895 158 483
Accounts receivable, trade 276 170 281 409 261 315 279 588 195 862
Inventories 207 211 218 969 244 498 230 593 180 749
Prepayments, other receivables 77 893 69 672 54 805 48 840 32 856
Current assets 671 060 670 737 694 616 645 916 567 950
Financial assets, deferred taxes 65 037 71 311 75 321 55 836 24 848
Property, plant and equipment 395 228 430 409 478 411 442 326 357 963
Intangible assets 119 654 128 643 138 040 190 046 38 261
Non-current assets 579 919 630 363 691 772 688 208 421 072
Total assets
Liabilities and shareholders’ equity
1 250 979 1 301 100 1 386 388 1 334 124 989 022
Short-term debt 16 793 44 728 149 390 87 524 96 481
Accounts payable, trade 159 124 165 025 165 877 160 902 82 008
Provisions, accruals and deferred income 168 436 175 874 166 328 169 025 123 223
Other current liabilities 89 835 98 504 64 291 53 630 29 398
Current liabilities 434 188 484 131 545 886 471 081 331 110
Long-term debt
Provisions, deferred taxes,
125 370 161 746 192 605 188 612 137 115
other non-current liabilities 220 830 222 183 221 996 193 404 108 434
Non-current liabilities 346 200 383 929 414 601 382 016 245 549
Total liabilities 780 388 868 060 960 487 853 097 576 659
Minority interests 2 720 2 445 11 064 11 297 1 981
Shareholders’ equity 467 871 430 595 414 837 469 730 410 382
Total liabilities and shareholders’ equity 1 250 979 1 301 100 1 386 388 1 334 124 989 022
Equity financing ratio 37.4% 33.1% 29.9% 35.2% 41.5%
The years 1999 to 2002 are restated for the translation of goodwill at current rather than fixed historical currency rates.
Employees (full time equivalents)
Multiple year comparison
Number of employees (year end) 10 286 10 760 11 520 11 219 7 774
of which Saurer Textile Solutions 6 443 6 929 7 632 8 346 5 134
Transmission Systems
Discontinuing Operations –
2 951 3 021 3 006 1 826 1 581
Surface Technology 871 786 857 1 025 1 041
Europe 8 033 8 936 9 823 9 230 6 077
of which Switzerland 334 437 522 546 534
NAFTA 654 747 804 1 070 1 078
Asia 1 531 1 015 831 858 619
Rest of World 68 62 62 62 –
Personnel expenses (EUR 000) 2003 2002 2001 2000 1999
Wages and salaries
Social security and
385 694 408 447 417 037 365 849 268 434
other personnel expenses 106 382 105 351 110 914 92 297 71 717
Total 492 076 513 798 527 951 458 146 340 151
77