We make our customers successful. - Oerlikon Barmag

Saurer Ltd. – Income statement for the years ended December 31,
Revenues (CHF) Note* 2003 2002
Revenues from investments 13 227 073 8 705 891
Interest income 9 212 239 11 272 385
Other income 1 9 712 030 5 050 047
Taxes – 42 252
Extraordinary income 2 1 437 845 –
Total revenues 33 589 187 25 070 575
Expenses
Administration expense –2 096 361 –1 448 888
Finance expense (including value adjustments) –1 085 208 –1 088 262
Interest expense –6 068 996 –6 881 490
Taxes –142 406 –
Other expenses 3 –11 645 965 –590 177
Total expenses –21 038 936 –10 008 817
Net income 12 550 251 15 061 758
* For details see notes to the financial statements, page 83.
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